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Bp's Sustainability

In: Business and Management

Submitted By missroygbiv
Words 796
Pages 4
BP is one of the world's leading international oil and gas companies. They provide customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items.
On the surface level, it seems as if BP is doing everything right. They strive to be a world-class operator, a responsible corporate citizen and a good employer. From managing air quality to controlling greenhouse gas emissions, they are working to avoid, minimize and mitigate environmental impacts. So far, they have invested in a specialist water treatment company to help manage our operations in water scarce areas. BP is also a forward-looking company and plans to increase the proportion of natural gas in their production portfolio over the next decade.
They are also a firm believer of supporting developments in societies where they work. They run programmes to help build the skills of businesses and to develop the local supply chain in a number of locations. For example, in Indonesia, they provide one-on-one business consultancy and technical assistance to local businesses to assist their participation in tender processes. They promote the use of local suppliers where appropriate. In Azerbaijan they have supported the efforts of companies to achieve international standards, to improve their competitiveness, and to increase the amount of work they get from BP contractors.
Even when BP suffered societal and political backlash from the 2010 Deepwater Horizon accident, BP appears to be committed in its environmental recovery efforts which suggests its keenness in maintaining its sustainability goals. Based on BP’s Sustainability Report 2014, BP has pledged to pay $500 million over 10 years to support independent research through the Gulf of Mexico Research Initiative. As at the end of 2014, the initiative had awarded

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