Sustainable Development at British Petroleum

Sustainable Development at British Petroleum

Understand the problems faced by companies which are engaged in production

The case discusses the sustainability development programs initiated by BP. It also explains in detail the reasons behind BP’s decision to start environmental sustainability and regional development programs. Though it was one of the top three companies engaged in the oil exploration and production business, BP adopted a proactive approach toward environmental sustainability. The environmental and regional development programs at BP were successful as they reduced environmental pollution levels in the areas where it operated and also helped in improving the standard of living of the people inhabiting those areas. The case also explains the entry of BP into renewable sources of energy such as solar, wind, and hydrogen.

Issues:

  1. Understand the problems faced by companies which are engaged in production and exploration activities that have a negative impact on the environment in the areas where they operate

  2. Understand the role of an oil company in bringing about sustainable development to reduce environmental pollution levels and improve the standard of living of people

  3. Understand the problems involved in transforming an ‘oil company’ into a ‘green company’

  4. Understand the ways through which a company can use its sustainability programs as a tool to increase its revenue generating activities in the long term

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