BP’s strategy for a just energy transition
A key area of BP’s sustainability strategy, in addition to achieving net zero emissions by 2050, is to improve people’s lives. Of the five aims in this area, Aim 12 focuses on supporting a just energy transition that delivers decent work, quality jobs and supports the livelihoods of local communities.
Activities in support of this aim include initiatives to help the BP workforce build skills for the future energy system, including in low carbon and renewables. This includes using skills forecasting and capability plans to inform recruitment and development decisions and building career pathways and development offers to support employees who are interested in moving into new areas of the business.
BP’s plans under Aim 12 also include a focus on education and employability activities, working with partners to help people develop transferable skills for jobs in clean energy and elsewhere, with a focus on disadvantaged and underrepresented communities. For example, BP and EnBW have committed over GBP 1 million over five years to X-Academy in Scotland, to finance the reskilling of current oil and gas professionals as well as the creation of new entry-level roles related to the energy transition.
BP continues to develop its approach and strategy, and actively engages and collaborates with others in local just transition processes, including in Aberdeen, and in global initiatives such as the Council for Inclusive Capitalism’s Just Energy Transition Framework. BP also participates in the UK government’s Green Jobs Taskforce, and is currently developing 2025 and 2030 metrics and targets for its just transition initiatives.
Want to know more about this policy ? Learn more