Bbsus2sus4 is Bb, C, Eb and F — with the second added underneath the fourth.
It sounds ringing and deliberately ambiguous. Read another way it is a stack of fourths, which is why it works as a pad rather than as a chord that resolves.
Texture more than function — still no third.
Also written Bbsus2/4 or Bb suspended 2nd and 4th.

In which keys. Every note of Bbsus2sus4 belongs to C minor (the ♭VII), C# major (the vi), Eb major (the V), F minor (the iv), G minor (the ♭III), Ab major (the ii), Bb major (the I) and Bb minor (the i).
Every note of Bbsus2sus4 is in Bb major, Bb natural minor, Bb dorian, Bb mixolydian and Bb harmonic minor.
Each of those is a page: the scale across the neck, and the chords it harmonises into — which is where Bbsus2sus4 sits in it. Every scale.
Change one note of Bbsus2sus4 and you have (drop the fourth), (drop the second), (the fourth becomes the major third), (the fourth becomes the minor third), (the second becomes the flat seventh) or (add the flat seventh).
Bbsus2sus4 is a suspended chord — root and fifth, with a second or fourth where the third would be — or nothing at all. Suspended and power chords on every root.
The common shapes and the derived voicings come from different places, and both are explained in how this site is built.
Shows each chord the way this style would voice it, and marks which of its alternatives belong to the idiom.