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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END
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September 10, 2020 02:10 ET (06:10 GMT)
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