Reporting support for oil and gas super-major
Two Tomorrows has provided wide-ranging support to oil and gas super-major BP over the years. This work has focused on helping BP enhance its sustainability reporting.
Most recently, BP enlisted our support as it sought to rebuild its reputation following the Deepwater Horizon oil spill in the Gulf of Mexico in 2010.
Two Tomorrows executive chairman Mark Line took a key role in discussions with influential BP stakeholders around the world to find out what they expect from BP’s sustainability reporting. More than 40 stakeholders took part, including representatives of non-governmental organisations and community groups as well as academics, policymakers and investors. The output from the workshops was a clear brief for BP on what stakeholders want to know about its culture, plans, policies, processes and performance.
BP used this advice to shape its future sustainability reporting programme. In addition, a summary of the findings from the stakeholder dialogue was included in the company’s 2011 sustainability report.
To supplement the opinions elicited in the workshops, a specialist market intelligence search engine was used to identify trends in public and stakeholder opinion about BP and to evaluate their potential to affect the company’s reputation. A meta-analysis was also provided of all the recent stakeholder research and dialogue BP had carried out or commissioned.
Mark’s role in the global stakeholder workshops was just the latest strand of our work with BP. Our other assignments for BP have included:
- Advising BP on how to integrate stakeholders’ views into sustainability reporting
- Carrying out extensive research among investors to understand their expectations of BP’s sustainability reporting
- Benchmarking BP’s sustainability report using our Tomorrow's Value methodology and carrying out a workshop for senior managers to brief them on the findings and recommend improvements.