Our future
The future is clear. And it's happening now.
We have continued to create a simpler, more efficient BHP, that we believe is better able to capitalise on the megatrends shaping our world.
The future is clear
The future is clear and it’s happening now. With a strong foundation of safety and performance, the core resources we produce are critical to the future and can help global challenges, such as decarbonisation and responsible development.
We are committed to playing our role in building a better world. We seek to do so responsibly and sustainably while continuing to create value. for our shareholders and the broader community.
We believe the future is increasingly clear. Our strategy, portfolio, capabilities and approach to social value position us to play an important role in meeting the demands of the energy transition, sustainable economic development, and an improvement in living standards.
Our long-term net zero GHG emission goals are to achieve net zero operational GHG emissions (Scopes 1 and 2 emissions from our operated assets), and we have a goal of net zero value chain GHG emissions (Scope 3 emissions). Achievement of this Scope 3 goal is uncertain, particularly given the challenges of a net zero pathway for our customers in steelmaking, and we cannot ensure the outcome alone.
Targets and goals
We have also set a medium-term GHG emissions target and goals, including a target to reduce operational GHG emissions by at least 30% from FY2020 levels, a goal to support industry to develop steel production technology capable of 30 per cent lower GHG emissions intensity relative to conventional blast furnace steelmaking, with widespread adoption expected post-CY2030, and a goal to support 40 per cent GHG emissions intensity reduction of BHP-chartered shipping of BHP products by CY2030, from a CY2008 baseline.
Taking action on climate change
We’re optimistic for the future. As the world seeks to reduce carbon emissions and as the population grows, continues to urbanise and seeks higher living standards, we expect more steel, copper and potash will be required. The world cannot meet these aspirations without the core commodities we produce. Our portfolio is well-positioned. We produce commodities essential to everyday life and critical to the future. There is tension between the world’s need for more resources and the need to make the world more sustainable. It is essential both aims are achieved.
Read our most recent episodes on the path to decarbonisation.
The "brown-to-green transition"
The electric smelting furnace
The many, many roads to Paris
