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Tuesday, July 19, 2005

BP's (BP) Mission Statement

BP uses a Values Statement

Our Values

In all our activities we seek to display some unchanging, fundamental qualities – integrity, honest dealing, treating everyone with respect and dignity, striving for mutual advantage and contributing to human progress.

To translate these into guides for practical action, we build on them in our group values. By bringing together intentions previously articulated in a number of different policy statements, these make it clear that the group aims:

  • to have the best competitive corporate, operating and financial performance

  • to improve, and to be accessible, inclusive and diverse

  • to engage the creative talents of our employees, and develop and apply leading, cost-effective technology and intellectual creativity to enhance innovation and new ideas

  • to carry on its business in an environmentally responsible manner, and develop cleaner energy and renewable energy sources. The group is committed to the responsible treatment of the planet’s resources and to the development of sources of lower-carbon energy
For clarity, we express our group values under four headings: performance; people and capability; health, safety and environment; and external relationships.

Group Values


Compliance with law and ethics: to comply with all applicable laws and regulations in each jurisdiction in which the group operates. All employees will be required to comply with the code of conduct, which prohibits illegal, corrupt or unethical practices and demands high standards of probity.

Continuous improvement: to improve continuously in pursuit of the group values by setting targets and through encouragement of our employees.

Internal targets: to establish realistic and reasonable targets in the group plan. Progress against targets will be reported internally and analysed transparently and in a timely manner so that progress and variations can be understood readily.

Risk: to ensure through the group plan that progress takes place, applying a balanced approach to risk, value and innovation. No employee will be permitted to substitute his or her own risk preferences for those contained in the group plan.

People and Capability

Human capability and technology: to nurture human capability and invest to ensure that the right technology, skills, behaviours and intellectual property are available for the pursuit of the board goals.

Employee treatment: to treat employees fairly and with respect and dignity.

Employee expectations: to make clear the expectations the group has of each employee in line with the group’s general principles of delegation. Each employee will be given open and constructive feedback to aid his or her continuing development and performance.

Inclusion: to enable employees to feel included as part of a meritocratic organization of people from diverse backgrounds.

Merit and diversity: to recruit, select, develop and advance its employees on merit, irrespective of age, gender, nationality, physical challenge, race, religious belief, sexual orientation or identity.

Remuneration: to reward employees in a manner that reflects their role in the group and their contribution to the achievement of targets.

Health, Safety, and Environment

Health and safety: to ensure that there are no accidents, no harm to people and that no one is subject to unnecessary risk while working for the group.

Environmentally sound operations: to conduct the group’s activities in a manner that, consistent with the board goals, is environmentally responsible with the aspiration of ‘no damage to the environment’. The group will seek to drive down the environmental impact of its operations by reducing waste, emissions and discharges, and by using energy efficiently.

Transcending the environmental trade-off’: to contribute to human progress by applying the group’s resources in such a way that the perceived trade-off between global access to heat, light and mobility and the protection and improvement of the natural environment may be overcome.

External Relationships

Mutual advantage: to conduct our business on a long-term and sustainable basis, founded on relationships that are mutually advantageous and capable of enduring beyond a single transaction.

Social impact: to respect the quality of life and the economic and social progress of the communities in which the group operates and, in the context of the board goals, to give support to their advancement.

Human rights: to support the Voluntary Principles on Security and Human Rights. Understanding that governments have the primary responsibility to promote and protect human rights, the group shares the common goal of promoting respect for human rights, particularly those set forth in the Universal Declaration of Human Rights.

Transparency: to deal openly and transparently with shareholders and third parties. The group will set appropriate external targets in line with its internal targets and report against them periodically. The group will also act in accordance with the principles of the Extractive Industries Transparency Initiative (EITI).

Government relations and influence: always to conduct business in a manner that does not abuse the influence that may exist (or be perceived to exist) by virtue of the scope and scale of the group. The group will engage honourably with all governments in whose jurisdictions it operates but will take no part in partisan politics.

Source: BP.com

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