TIDMBHP

RNS Number : 5955Y

BHP Group PLC

10 September 2020

 
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 2degC above pre-industrial levels, and pursue efforts to limit warming to 1.5degC.

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 1.5degC 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

 
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      Tel: +61 3 9609 2222 Mobile: 
 411 071 715                           + 61 499 249 005 
 
 Europe, Middle East and Africa        Europe, Middle East and Africa 
 
 Neil Burrows                          Elisa Morniroli 
 Tel: +44 20 7802 7484 Mobile:         Tel: +44 20 7802 7611 Mobile: 
 +44 7786 661 683                      +44 7825 926 646 
 
 Americas                              Americas 
 
 Judy Dane                             Brian Massey 
 Tel: +1 713 961 8283 Mobile: +1       Tel: +1 713 296 7919 Mobile: 
 713 299 5342                          +1 832 870 7677 
BHP Group Limited ABN 49 004 028      BHP Group plc Registration 
 077                                   number 3196209 
 LEI WZE1WSENV6JSZFK0JC28              LEI 549300C116EOWV835768 
 Registered in Australia               Registered in England and Wales 
 Registered Office: Level 18, 171      Registered Office: Nova South, 
 Collins Street                        160 Victoria Street 
 Melbourne Victoria 3000 Australia     London SW1E 5LB United Kingdom 
 Tel +61 1300 55 4757 Fax +61 3        Tel +44 20 7802 4000 Fax +44 
 9609 3015                             20 7802 4111 
 
Members of the BHP Group which is 
 headquartered in Australia 
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September 10, 2020 02:10 ET (06:10 GMT)

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