BP p.l.c. 2020 AR2
The report outlines bp's strategic pivot from an International Oil Company (IOC) to an Integrated Energy Company (IEC) with an ambition to achieve net-zero emissions by 2050 or sooner. In 2020, the company faced significant challenges due to the COVID-19 pandemic, reporting a loss of $20.3 billion attributable to shareholders. Despite these conditions, bp made notable progress by starting up four major upstream projects and expanding its developed renewables pipeline to 14.1 GW. Additionally, bp reduced its Scope 1 and 2 operational emissions by 16% compared to 2019 and delivered 1.0 million tonnes of sustainable emissions reductions.
Company: BP p.l.c.
Sector: Professional & technical services
Country: United Kingdom
Year: 2020
Type: AR2
Pages: 356
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BP p.l.c.
Annual Report And Form 20-F
The report outlines bp's strategic pivot from an International Oil Company (IOC) to an Integrated Energy Company (IEC) with an ambition to achieve net-zero emissions by 2050 or sooner. In 2020, the company faced significant challenges due to the COVID-19 pandemic, reporting a loss of $20.3 billion attributable to shareholders. Despite these conditions, bp made notable progress by starting up four major upstream projects and expanding its developed renewables pipeline to 14.1 GW. Additionally, bp reduced its Scope 1 and 2 operational emissions by 16% compared to 2019 and delivered 1.0 million tonnes of sustainable emissions reductions.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees