Description
This assignment is an assignment based on the company BP. the word count is 1500 (excluding references).
In his Review of the economics of biodiversity, Sir Partha Dasgupta, a famous economist and Professor Emeritus of Economics at Cambridge University said,
Collectively . . . we have failed to manage our global portfolio of assets sustainably,” he argued. “While humanity has prospered immensely in recent decades, the ways in which we have achieved such prosperity . . . have come at a devastating cost to nature. Source: https://www.ft.com/content/4e623732-0b40-406a-af8b…
Based on your careful reading and review of the paper, ‘Towards the Natural Environment Agency Theory (NEAT)’, you are required to identify and critically analyse how BP is reducing its natural environment agency costs of pollution, depletion and degradation associated with its air and water use. You are required to refer to the BP Sustainability Report 2022 for this purpose. You should also refer to the recently released IFRS Sustainability Standard IFRS ‘S2 Climate-Related Disclosures’ and especially refer to the associated oil and gas sector specific disclosure requirements. This will help you understand what oil and gas companies are required to report in terms of nature and climate related impact of their operations. You can begin by setting out why natural environment matters for business and what is the current crisis in this regard (introduction). You can then focus on discussing specific NEACs related to air and water use by BP and critically comment on what BP reports in terms of identifying and mitigating these (main body). You should conclude by identifying any three NEACs on which BP can improve its performance and also recommend (in the light of IFRS reporting guidance) how it can do so and report.
Your report should have a title page, table of contents (optional) and should be divided into three sections: Introduction, a main body, and a conclusion as suggested above. Your essay must have appropriate references in the text (including the page numbers from where figures, words are quoted) and a full reference list (of all cited literature) at the end of the essay. Citations and references must be formatted in the Harvard referencing style. The pages of the essay should be numbered and your essay should not exceed 1500 words -excluding the title page, table of contents and references.
The essay coursework should be typed using 12 pt. Arial with line spacing of 1.5. Recommended Relevant Literature:
Shaukat A., Tharyan, R. and Trojanowski, G. (2023) ‘Towards the Natural Environment Agency Theory’, available athttps://papers.ssrn.com/sol3/papers.cfm?abstract_i… (required reading)
Economics of Biodiversity, The Dasgupta Review – available at https://www.gov.uk/government/publications/final-report-the-economics-of- biodiversity-the-dasgupta-review (at least read the foreword, introduction and headlines report)
IFRS S2 Climate related Disclosures, https://www.ifrs.org/issued-standards/ifrs-sustainability-standards-navigator/ifrs-s2-climate-related- disclosures/ (You will need to register at IFRS website to access their documents, required reading)
BP Sustainability Report, 2022, https://www.bp.com/en/global/corporate/sustainabil… (required reading)
