UK Volume 21 Superbrands UK Annual Vol.21 bp’s purpose is to reimagine energy for people and our planet. Its ambition is to be a net zero company by 2050 or sooner and to help the world get to net zero Market bp is an integrated energy business focused on delivering solutions for customers. bp provides customers with fuel for transport, energy for heat and light and lubricants to keep engines moving. It has operations in Europe, North and South America, Australasia, Asia and Africa. Product bp has a 111-year history (since 1909) operating in energy markets. Some of its well known brands include Castrol, Wild Bean Cafe and Aral. A global producer of oil and gas, in 2019 it produced 3.8 million barrels of oil equivalent per day. As part of its new strategy, to be a very different company by 2030, it aims to reduce oil and gas production by over 40% over the next decade. bp holds a rapidly growing low carbon electricity and energy portfolio, with a focus on building scale in renewables and bioenergy. Biofuels are an essential part of advancing towards a low carbon future by reducing emissions from transport and electricity. BP Bunge Bioenergia is a world-scale, highly-efficient producer of sugarcane ethanol in Brazil. In 2017 bp joined forces with Lightsource, one of Europe’s largest solar developers, to accelerate worldwide growth of solar. bp is a key wind energy producer; in the US, its nine onshore windfarms produce enough electricity to power more than 450,000 homes. Air bp is one of the world’s largest aviation fuel suppliers and has been innovating and shaping the industry for more than 90 years. Air bp has been providing fuel for flights and supporting customers in beginning their low carbon journey since 2010 when it undertook the supply of sustainable aviation fuel. It is the first aviation fuel provider to turn its global fuelling operations carbon neutral. In the UK, bp has more than 1,200 service stations, which provide trusted quality fuels and everyday convenience items, while Wild Bean Cafes (in selected sites) provide food and drink for on-the-go motorists. In addition to its own offering, bp has partnered with Marks & Spencer Simply Food at selected locations across the UK to provide customers with an even greater choice. bp also has the UK’s largest public electric vehicle charging network which continued its growth by introducing more ultra-fast charging points throughout 2020. Achievements In 2020, bp started taking steps to deliver on its new strategy – it began with bp’s first venture into offshore wind by partnering with Equinor, a recognised leader in its sector. bp also announced a partnership with Uber to help their UK drivers transition to electric with discounted access to the bp charging network. bp also revealed plans to help the city of Aberdeen decarbonise to meet its target to be net zero by 2045. bp’s contribution to the UK extends to helping societies connect with world-class art and inspiring more young people into STEM subjects. For more than five decades it has been one of the country’s most prominent investors in the arts, culture and education. Recent Developments In 2020, bp set a bold new ambition to become a net zero company by 2050 or sooner and to help the world get to net zero. bp announced a new strategy to deliver on that ambition and to transform the company in the next decade. By 2030 bp aims to be a different kind of energy company – increasing annual investment in low carbon to US$5bn – a 10-fold increase on the US$500m it currently invests. As part of its pivot from an international oil company to an integrated energy company, it aims to reduce oil and gas production by more than 40%. bp also revealed it would be aiming to provide 70,000 electric vehicle (EV) charging points globally – up from 7,500 on its public network in 2020. bp’s Helios logo , named after the Greek god of the sun , celebrated its 20th anniversary in 2020 DID YOU KNOW?