Page 2 - Annual Report 2020

Our Charter

We are BHP,
a leading global resources company.

Our Purpose Our Values
To bring people and resources Sustainability
together to build a better world. Putting health and safety first, being environmentally responsible
and supporting our communities.
Our Strategy
Our strategy is to have the best Integrity
capabilities, best commodities Doing what is right and doing what we say we will do.
and best assets, to create
long-term value and high returns. Respect
Embracing openness, trust, teamwork, diversity and relationships
that are mutually beneficial.
Performance
Achieving superior business results by stretching our capabilities.
Simplicity
Focusing our eff orts on the things that matter most.
Accountability
Defining and accepting responsibility and delivering on our commitments.
We are successful when:
Our people start each day with a sense of purpose and end the day with
a sense of accomplishment.
Our teams are inclusive and diverse.
Our communities, customers and suppliers value their relationships with us.
Our asset portfolio is world-class and sustainably developed.
Our operational discipline and financial strength enables our future growth.
Our shareholders receive a superior return on their investment.

Mike Henry
Chief Executive Off icer February 2020

The Annual Report 2020 is
available online at bhp.com.

BHP Group Limited. ABN 49 004 028 077. Registered in Australia. This Annual Report covers BHP’s assets (including those under exploration,
Registered office: 171 Collins Street, Melbourne, Victoria 3000, Australia. projects in development or execution phases, sites and closed operations)
BHP Group Plc. Registration number 3196209. Registered in England and that have been wholly owned and/or operated by BHP and that have been
Wales. Registered office: Nova South, 160 Victoria Street London SW1E 5LB owned as a joint venture operated by BHP (referred to in this Report as
(1)
United Kingdom. Each of BHP Group Limited and BHP Group Plc is a ‘operated assets’ or ‘operations’) during the period from 1 July 2019 to
member of the Group, which has its headquarters in Australia. BHP is a 30 June 2020. Our functions are also included.
Dual Listed Company structure comprising BHP Group Limited and BHP
Group Plc. The two entities continue to exist as separate companies but BHP also holds interests in assets that are owned as a joint venture but not
operate as a combined group known as BHP. operated by BHP (referred to in this Annual Report as ‘non-operated joint
ventures’ or ‘non-operated assets’). Notwithstanding that this Annual
The headquarters of BHP Group Limited and the global headquarters of the Report may include production, financial and other information from
combined Group are located in Melbourne, Australia. The headquarters of non-operated assets, non-operated assets are not included in the BHP
BHP Group Plc are located in London, United Kingdom. Both companies Group and, as a result, statements regarding our operations, assets and
have identical Boards of Directors and are run by a unified management values apply only to our operated assets unless stated otherwise.
team. Throughout this publication, the Boards are referred to collectively
as the Board. Shareholders in each company have equivalent economic
and voting rights in the Group as a whole.
In this Annual Report, the terms ‘BHP’, the ‘Company’, the ‘Group’, ‘our (1) References in this Annual Report to a ‘joint venture’ are used for convenience
business’, ‘organisation’, ‘we’, ‘us’, ‘our’ and ‘ourselves’ refer to BHP Group to collectively describe assets that are not wholly owned by BHP. Such
Limited, BHP Group Plc and, except where the context otherwise requires, references are not intended to characterise the legal relationship between
their respective subsidiaries as defined in note 13 ‘Related undertakings the owners of the asset.
of the Group’ in section 5.2 of this Report. Those terms do not include
non-operated assets.