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Press Release: BP to support investor group’s call for greater reporting around Paris goals

PRESS RELEASE:

  • BP Board to support resolution from Climate Action 100+ investors at AGM
  • Resolution calls for BP to describe how company strategy is consistent with Paris goals
  • Builds on BP’s commitment to growing shareholder value while advancing energy transition
  • BP has also incorporated emissions reductions as a factor in employee reward

BP said today that it will support a call from a group of institutional investors for the company to broaden its corporate reporting to describe how its strategy is consistent with the goals of the Paris Agreement.

Investor participants of the Climate Action 100+ initiative have proposed a resolution to be put to shareholders at the company’s annual general meeting in May 2019. Following constructive engagement between BP and the investors, the BP Board has decided to support the proposed resolution.

BP has supported the aim of the Paris Agreement, with its call to rapidly reduce greenhouse gas emissions in the context of sustainable development and eradicating poverty, since it was agreed in 2015.

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