We refer to different frameworks and reporting standards to guide our approach
Reporting standards and frameworks
We want to continue to work constructively with the IFRS Foundation’s International Sustainability Standards Board (ISSB) and others as they develop good practices and standards for transparent climate-related reporting.
TCFDWe 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.
UN Global Compact CommunicationWe refer to the Ipieca/API/IOGP sector-specific sustainability reporting guidance for the oil and gas industry. The fifth edition was published in 2025 in conjunction with the American Petroleum Institute (API) and the International Association of Oil & Gas Producers (IOGP).
You can download a copy of our CDP climate change 2025 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 2025.
Identifying material sustainability issues
Building on the materiality assessment we conducted in 2024, we worked with an external agency to help validate the assessment used for the purposes of the 2025 sustainability report, considering the external landscape and developments relating to sustainability and ESG.
This process identified no significant changes in topics for 2025, compared with 2024. See page 40 of the bp Sustainability Report 2025.
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 44 of the bp Sustainability Report 2025
Our basis of reporting outlines the approach and scope used for data collection and forms the basis for assurance of sustainability performance data.
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