Business Ethics P3

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Describe the social implications of business ethics facing a selected business in its different areas of activity. The organisation BP
BP is a British public limited company which provides gas and oil. It is stated that it is the third largest energy company and the fourth largest company in the world itself. The business provides oil, gas and renewable energy resources to business such as petrol stations like SHELL. The company states that their main activities are the exploration and production of crude oil and natural gas, refining, marketing, supply, transportation, manufacturing and marketing of petrochemicals. BP also has growing activity in gas and power and in solar power generation and also has about 80,300 employees with a turnover of $297bn and operates in 100 countries on six continents. http://www.icis.com/v2/companies/9145150/bp/structure.html. The strategy of the company is to focus relentlessly on safety and centres on playing to BP’s strengths which are: exploration, giant fields, deep water, gas value chains, a world – class downstream, technology and relationships. They aim to be successful providing outstanding performance, and known to be “one of the largest integrated energy companies in the world, BP is looking beyond traditional energy choices and are taking the next step into a brighter, cleaner tomorrow. BP is known as one of the largest energy organisations worldwide, and is also known to be in the heart of the climate change debate. BP has been centre stage for their environmental and social presentations from other organisations. I think that this is a strong reaction to the growing compression on energy companies to have more accountable business activities within their organisation. BP are trying to help the climate changing by using different types of energy efficiency by widening reductions and inferior carbon products, through biodiversity, water usages, waste and air releases.

The business BP itself has made a huge impact on the way the climate has changed by using emissions for the use of their products and using their own operations run by greenhouse gases. One of BP’s target was to cut down on greenhouse gas emissions from their operations in which they have succeed by cutting down by 10%. By doing so they increased their working efficiency, technical novelty and enhanced energy administration, as well as acquisition reductions in emissions by decreasing flaring.

The business has taken actions to address internal and external problems. Firstly they betrothed in activities that measure the climate change impact of using their products; they also tried to make their products cleaner. Currently the business is working on developing a fuel that reduces pollution by reducing carbon monoxide emissions. Also reducing oil with gas and creating hydrogen fuel cells. BP believe that by taking these actions it will help with climate changing by generating less pollution in the environment and improved sources of energy being used.

The benefits of challenging climate change:
* Reduced costs from developed energy efficiency
* New production development and innovation
* Customer needs are listened and responded to
* BP has risked their reputation due to the climate change By attempting to change the situation of climate change the business must look into long term sustainability.

Ethical BP Activities
* BP was awarded for the “best impression of an environmentalist” by Greenpeace. * BP causing climate change is not from their own operations but from the oil and gas it produces and sells to other businesses. Its aim was to reduce gas emissions from its operations by 10% from 1990 to 2010. * BP has also attempted to persuade politicians to help tackle the global warming situation. * As well as promising to cut down its own emissions of the pollution they cause they are also starting to sell cleaner petrol, as well as fitting 200 service stations with solar...
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