Since its inception in 1908 the bp story has always been about transitions. bp’s purpose is reimagining energy with a big hairy audacious goal to help the world reach net zero emissions by 2050 and improve people’s lives. bp plans to get there by dramatically reducing carbon in bp’s operations and production facilities and by growing new low-carbon businesses, products and services.

Jones Lang LaSalle (JLL) is a world leader in real estate and facility management services with roots back to 1783.  Like bp, the ability to effectively transform throughout the years has been a cornerstone of its success. JLL’s purpose is to “shape the future of real estate for a better world.” Today, JLL’s operations span 91 countries where they manage over 4.6B square feet of owned property and an additional 1B in leased facilities.

The transformation of bp’s facilities and real estate contracts began when Wendy Cuthbert – bp Global Head of Workplace Solutions – joined bp in the fall of 2019. bp’s total facilities management portfolio includes over 130 locations in 20 countries. In 2019 they had four “primary” suppliers operating around the world with one working under a performance-based agreement and the others being transactional.

After joining bp, Wendy encouraged bp’s RE/FM leaders to explore the University of Tennessee’s (UT) Vested methodology. bp engaged UT to host three regional workshops where key bp real estate and facilities management team members could do a deeper dive on Vested.

Wendy explains the impact of the workshops: “The workshops helped team members take the Vested theory and see how it could work with what bp wanted to do. I remember the team had to complete some self-assessments. We scored ourselves against the ‘12 Ailments of Outsourcing’ as well as how well our contracts followed the Vested Five Rules. The team would see the gaps and use the workshop time to understand how the Vested methodology could help bp close the gaps.”

In the spring of 2020, bp made the strategic decision to create a Vested agreement and ultimately sought the best supplier from the three down-selected candidates. JLL was ultimately selected as the partner of choice the first week of June 2020 with the goal to work with bp to reimagine workplace solutions across the globe. They signed their Vested agreement in November 2021 – the first Vested agreement for bp and the third for JLL.

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