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BP SEVENTH ANNUAL ENVIRONMENTAL AND SOCIAL REVIEW RELEASED

LONDON, ENGLAND, April 26, 2004, --/WORLD-WIRE/-- Oil and natural gas group BP has launched its seventh annual report on the company's environmental, social and ethical performance. The Sustainability Report 2003 replaces BP's Environmental and Social Review.

This year BP has produced an integrated report that explains the relationship between environmental, social and ethical issues and its business strategy, including a number of factors relevant to the long-term future of BP.

The report signals progress in a number of fields, including:
  • It describes how BP's thinking developed in 2003 on long-term measures to tackle climate change, as well as outlining the action being taken now to minimize greenhouse gas emissions

  • It contains detailed coverage of safety issues, specifying how BP's record on injuries has improved and how they are working to encourage safer driving

  • For the first time, BP is reporting in accordance with the Global Reporting Initiative guidelines - a comprehensive set of indicators covering all aspects of sustainable development

  • The report also includes reference to how BP is living up to the nine principles of the UN Global Compact.
Further information, data and charting tools are available at http://www.bp.com/environmentandsociety

BP is interested in your feedback at http://www.bp.com/sustainabilityfeedback

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