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Climate Change Report and Briefing
BHP Group Plc
Registration number 3196209
Registered in England and Wales
Share code: BHP
ISIN: GB00BH0P3Z91
Issued by: BHP Group Plc
Date: 10 September 2020
To: London Stock Exchange
JSE Limited
For Release: Immediately
Contact: Helen Ratsey +44 (0) 20 7802 7540
BHP Group Plc – Climate Change Report and Briefing
UK Listing Authority Submissions
The following document has today been submitted to the FCA National Storage
Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism:
- BHP Climate Change Report
- BHP Climate Change Briefing Presentation
The documents may also be accessed via BHP’s website: bhp.com
The webcast for the presentation can be accessed at:
https://edge.media-server.com/mmc/p/te5decth
BHP Group Plc Registration number 3196209
LEI 549300C116EOWV835768 Registered in England and Wales
Registered Office: Nova South, 160 Victoria Street, London SW1E 5LB United Kingdom
A member of the BHP Group which is headquartered in Australia
NEWS RELEASE
Release Time IMMEDIATE
Date 10 September 2020
Release Number 12/20
BHP climate change briefing
BHP today provided an update on its progress on climate action, new climate
commitments, and how it integrates climate change into corporate strategy and
portfolio decisions.
BHP’s climate change approach focuses on reducing operational greenhouse
gas emissions, investing in low emissions technologies, promoting product
stewardship, managing climate-related risk and opportunity, and partnering
with others to enhance the global policy and market response.
BHP supports the aim of the Paris Agreement to limit global warming to well
below 2°C above pre-industrial levels, and pursue efforts to limit warming to
1.5°C.
BHP has been active in addressing climate risks for more than two decades,
and has already established its long-term goal of achieving net zero
operational (Scope 1 and 2) emissions by 2050 and its short-term target of
maintaining operational emissions at or below adjusted FY2017 levels by
FY2022, using carbon offsets as required.
In the past year, BHP has made good progress. The Escondida and Spence
copper mines in Chile will move to 100 per cent renewable energy by the mid-
2020s, and last week BHP awarded a new renewable energy contract for its
Queensland Coal assets, and the world’s first LNG-fuelled Newcastlemax bulk
carrier tender.
BHP’s climate change briefing and 2020 climate change report, also published
today, outline how the company will accelerate its own actions and help others
to do the same. Today’s update sets out:
- A medium-term target to reduce operational greenhouse gas emissions
by at least 30 per cent from adjusted FY2020 levels by FY2030, using
carbon offsets as required.
- Scope 3 actions to contribute to decarbonisation in our value chain.
- Strengthened linking of executive remuneration to delivery of BHP’s
climate plan.
- Insight into the performance of BHP’s portfolio in a transition to a 1.5°C
scenario.
BHP Chief Executive Officer, Mike Henry, said: “I’m pleased today to show
how we are accelerating our own actions and helping others to do the same in
addressing climate change. We see ourselves as accountable to take action.
We recognise that our investors, our people and the communities and nations
who host our operations or buy our products have increasing expectations of
us – and are responsive to these.
“Our approach to climate change is defined by a number of key requirements.
Our actions must be of substance. They must be real, tangible actions to drive
emissions down. We must focus on what we can control inside our business,
and work with others to help them reduce emissions from the things that they
control. To create long-term value and returns over generations, we must
continue to generate value and returns within the strong portfolio we have
today, while shaping our portfolio over time to benefit from the megatrends
playing out in the world including decarbonisation and electrification.
“Our portfolio is well positioned to support the transition to a lower carbon world
aligned with the Paris Agreement. It includes commodities that are essential for
global economic growth and the world’s ability to transition to, and thrive in, a
low carbon future. Climate change action makes good economic sense for
BHP and enables us to create further value.”
Further information on BHP can be found at: bhp.com
Sponsor: UBS South Africa (Pty) Limited
Authorised for lodgement by:
Caroline Cox
Group General Counsel & Company Secretary
Media Relations Investor Relations
Email: media.relations@bhp.com Email: investor.relations@bhp.com
Australia and Asia Australia and Asia
Gabrielle Notley Tara Dines
Tel: +61 3 9609 3830 Mobile: +61 411 071 715 Tel: +61 3 9609 2222 Mobile: + 61 499 249 005
Europe, Middle East and Africa Europe, Middle East and Africa
Neil Burrows Elisa Morniroli
Tel: +44 20 7802 7484 Mobile: +44 7786 661 683 Tel: +44 20 7802 7611 Mobile: +44 7825 926 646
Americas Americas
Judy Dane Brian Massey
Tel: +1 713 961 8283 Mobile: +1 713 299 5342 Tel: +1 713 296 7919 Mobile: +1 832 870 7677
BHP Group Limited ABN 49 004 028 077 BHP Group plc Registration number 3196209
LEI WZE1WSENV6JSZFK0JC28 LEI 549300C116EOWV835768
Registered in Australia Registered in England and Wales
Registered Office: Level 18, 171 Collins Street Registered Office: Nova South, 160 Victoria Street
Melbourne Victoria 3000 Australia London SW1E 5LB United Kingdom
Tel +61 1300 55 4757 Fax +61 3 9609 3015 Tel +44 20 7802 4000 Fax +44 20 7802 4111
Members of the BHP Group which is
headquartered in Australia
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Date: 10-09-2020 08:17:00
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