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2050
Target Year
378.0Mt
Total CO2e / year
$211B
Revenue
88K
Employees
Scope 1 & 2 (direct operations) vs Scope 3 (value chain)
38.0Mt
Direct operations & purchased energy
340.0Mt
Supply chain & value chain
378.0Mt
All scopes combined
SBTi validates that corporate emissions reduction targets are consistent with the latest climate science.
CDP scores range from A (leadership) to D- (disclosure), rating corporate environmental transparency and performance.
BP's total annual emissions of 378 megatonnes CO2e is equivalent to the annual emissions of approximately 82 million average cars. Scope 3 (value chain) emissions account for 89.9% of the total — typical for energy companies, where upstream and downstream activities dominate the carbon footprint.
BP has committed to achieving Net-Zero (operations and production) by 2050, with a 25% reduction target from a 2019 baseline. Their offset strategy involves: Carbon offsets + CCS.
BP's total reported emissions are 378 megatonnes CO2 equivalent per year. This breaks down to 38Mt from Scope 1 & 2 (direct operations) and 340Mt from Scope 3 (value chain).
BP is currently assessed as "Behind" its climate targets, with only 12% progress toward its 2050 goal. Significant acceleration in emissions reductions will be needed to meet the commitment.
BP's targets have not been validated by SBTi. Their current SBTi status is: Not committed. SBTi validation provides independent assurance that targets are science-based.
BP Sustainability Report 2024 (latest report year: 2024)
Emissions figures represent the most recently reported annual data. Progress assessments incorporate SBTi validation, CDP scoring, and independent analysis.