41 % reduction in absolute emissions against the 2019 baseline
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5.8GW cumulative total renewable energy generating capacity developed to FID
0.05 % methane intensity ( calculated using our existing methodology )
US $ 4.9bn transition growth investment billion investments every year , which we will put into the system .
So in future it will mean not only the price which will be decisive , it will be the safety and the quality too . So the carbon footprint that you provide as a supplier , we believe will be the key differentiator in future .
We will identify those partners who want to create a sustainable future for us in order to transform . While performing , business still needs to make money in the end , no doubt about it . But we will combine this with the sustainable needs of the future and the planet .
Q . WHAT ADVICE WOULD YOU HAVE FOR OTHER ORGANISATIONS WHO ARE GOING THROUGH A SIMILAR JOURNEY AND MAYBE EARLIER ON IN THAT PROCESS ?
» Do it sooner rather than later , because this will be the future of how we are doing business here . But you have to make sure that you do not jeopardise the balance sheet , you still have to work for the shareholders , but you also have to work for the planet in future .
So make sure that this transformation is being conducted as fast as possible and make sure that this transformation is a transformation that make your money and sustains your business , but making sure that you aim for the sustainable future in where possible , start small and then step by step it will develop , but if you have the opportunity , make it a big bang , go for it .
Angeli spoke at Manufacturing LIVE 2023 delivering a keynote on bp ’ s sustainability transformation strategy . To watch the full keynote , click here .
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