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BP p.l.c.
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=== Environmental<ref name=":1">https://www.bp.com/en/global/corporate/investors/results-reporting-and-presentations/annual-report.html</ref> === This aspect focuses on BP's impact on the environment, including its carbon emissions, energy efficiency, and efforts to transition to cleaner energy sources. BP has announced ambitious plans to become a net-zero emissions company by 2050 or sooner. This involves reducing its carbon footprint across its operations, investing in renewable energy sources like wind and solar, and developing technologies for carbon capture and storage. BP is resolutely committed to achieving net-zero carbon emissions by 2050, or even earlier, encompassing Scope 1, 2, and 3 emissions, supported by ambitious targets for 2025 and further aspirations for 2030. Guided by five primary objectives aimed at facilitating global net-zero aspirations, BP has undertaken a stance of refraining from exploration in new nations. The company's capital expenditure dedicated to transition efforts is projected to exceed 40% of total spending by 2025, progressively increasing to approximately 50% by 2030.
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