Aker BP 2023

In this backtest, we are looking at Aker BP, the Norwegian oil exploration and development company. The data was pulled on 31 October 2024. We frequently share analyses highlighting differences between internal and external perspectives and identifying sudden shifts within a single year, or year on year. However, it's also true that for some organisations, some of the time, some aspects of sustainability reporting remain consistent over time as is the case with Aker BP.

Alignment of Topic Materiality

Comparing the two assessments, there is significant agreement in which topics are material and which are non material. Aker BP choses to include S1 Own Workforce and S2 Workers in the Value Chain whereas Mettle finds insufficient volume on these topics. Mettle and Aker BP both see topics E3 and S4 as non material.

Topic Materiality over time

2023

2024

Only S4 Affected Communities has become more material in calendar year 2024. Unsurprisingly E1 Climate Change is the most material topic. Comparing with Aker BP's annual report where E4 Biodiversity is the most material topic.

Which sub-topics are showing shifts in materiality

E1.2 Climate change mitigation is still by far the most material subtopic despite retreating slightly in 2024. A fuller comparison with peers/subsector would show whether Aker BP is an outlier or not on the most material subtopics.

Materiality of Non-ESRS subtopics

Developed using SASB taxonomy and Mettle's own unique Trust, Reputation, Thematic models. The taxonomies intentionally have some overlap with each other and with the ESRS taxonomy. Key to this analysis is identifying new topics not specified in ESRS, but meeting the requirement to determine anything else that is material. Mettle would suggest including Innovating, Ukraine as being material to full CSRD reporting.