1. Home
  2. Sustainability
  3. Data and how we report

Data and how we report

We refer to different frameworks and reporting standards to guide our ‎approach

ESG Datasheet

Our ESG Datasheet provides environmental, social and governance (ESG) data that aims to represent bp’s sustainability performance.

Reporting standards and frameworks

We support the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), established by the Financial Stability Board to improve the reporting of climate-related risks and opportunities. 
We report with reference to the Global Reporting Initiative (GRI) standards and GRI Sector Standard GRI 11: Oil and Gas 2021.
We take the SASB oil and gas exploration and production standard into account when making disclosures as part of our response to growing demand for non-financial information to help benchmark corporate performance.
We are a signatory to the UN Global Compact and have reinforced our support for the 10 principles on human rights, labour, environment and anti-corruption through our purpose and sustainability frame. 
We refer to the Ipieca/API/IOGP sector-specific sustainability reporting guidance for the oil and gas industry. The fourth edition was published in 2020 in conjunction with the American Petroleum Institute (API) and the International Association of Oil & Gas Producers (IOGP).

Score: B (2024).


You can download a copy of our CDP climate change 2024 questionnaire.

The Benchmark assesses public disclosure across 10 indicators including short/medium/long term GHG targets; strategy; capital allocation; climate policy engagement; governance; just transition; and TCFD. The results can be found here.


Since 2019 bp has responded to a resolution requisitioned by CA100+ on climate change disclosures. The latest response can be found in the bp Annual Report 2024.

Identifying material sustainability issues

Building on the materiality assessment conducted in 2023, we worked with an external agency to validate the assessment for the purposes of the 2024 sustainability report, considering the external landscape and developments relating to sustainability and ESG.


This process identified no significant changes from 2023.

Verification and assurance

Our verification methods include data reviews by reporting businesses and subject matter experts, second line functional and group reviews as well as third line reviews by internal audit.  


We ask Deloitte to provide limited external assurance for several key sustainability metrics to the internationally recognized ISAE 3000 (revised) standard. Read the Deloitte assurance statement on page 48 of the  Sustainability Report 2024.


Our basis of reporting outlines the approach and scope used for data collection and forms the basis for assurance of sustainability performance data.