Strategy, sustainability & ventures

Sustainability, strategy & ventures (SS&V) defines and accelerates the delivery of our strategy, while engraining sustainability in our business and promoting ethics and compliance across the ‎organization.

SS&V is...

...a business entity to accelerate strategic delivery

• We originate, incubate, scale and commercialize new businesses and technology-led options, underpinned by technology insights and accelerate growth in our core business and in new digital adjacencies. 

...an integrator to define strategic direction for bp

• Modern, dynamic and collaborative approach to strategy, sustainability and capital allocation – we work together with the businesses, finance and the broad organization to support the ‎delivery of our ambition, our aims and our financial aspirations. We will help to frame and make the ‎optimal trade-offs and choices for bp.
• Connecting strategy and purpose – we lead the development of bp’s strategy, to drive the long-term resilience and value of our business and create value for our stakeholders more widely, including society, our employees and our shareholders.
  
• Proprietary bp insights – we focus on developing a distinctive understanding of global economics, energy markets, customer needs, technology and competitors to support our businesses and ‎strategy.‎
• Proactive shaping of external policy – we define where bp stands on matters of public policy – ‎in line with our aims – as well as how we can contribute to proactively shape the external ‎environment across regions.
• ‎Setting bp’s sustainability strategic direction – we define bp’s approach to sustainability and promote progress ‎on bp net zero, people and planet aims.‎
• Enabling bp and its businesses to achieve their goals – where we hold expertise, we will ‎use it collaboratively and constructively.

...an enabler to effective ethics and compliance as a driver of organizational and business sustainability

• We support bp business groups and other entities in promoting an ethical culture and work ‎environment, and effective compliance risk management.‎ 

We also harness adjacencies to our existing businesses, through our venturing and business building capabilities. The latter we call bp Launchpad. Combined, these give us access to short-term and longer-term high-value options, investing around $100 million per year in both our existing portfolio and new companies.