Page 5 - Annual Report 2020

Section 1

Strategic Report

About this Strategic Report In this section
The FY2020 Strategic Report provides insight into BHP’s strategy,
operating and business model, and objectives. It describes the 1.1 Chair's Review
principal risks BHP faces and how these risks might affect our 1.2 Chief Executive Officer’s Report
1.3 BHP at a glance: FY2020
future prospects. It also gives our perspective on our recent 1.4 Performance
operational, financial and non-financial performance. 1.4.1 Our strategy
BHP performed strongly in FY2020 with zero fatalities and 1.4.2 Social value
1.4.3 Stakeholder engagement
record production performance in a number of operations. 1.4.4 Our Operating Model
A summary of our performance covering financial, operational 1.4.5 Managing performance
1.4.6 COVID-19: Our global response
and social value is set out in section 1.3. We also set out why 1.4.7 Our performance: Financial KPIs
what we do is integral to modern life in sections 1.4 and 1.5. 1.4.8 Our performance: Non-financial KPIs
1.4.9 Our contribution in FY2020
This year, we have further integrated our sustainability 1.5 Our operating environment
reporting into the Annual Report to help stakeholders 1.5.1 Market factors and trends
understand the most material topics, for example climate 1.5.2 Commodity performance overview
change (section 1.7.8), tailings dams (section 1.7.10), Indigenous 1.5.3 Exploration
1.5.4 Risk management
peoples (section 1.7.9) and Samarco (section 1.8). Non-operated 1.6 Capability and culture
joint ventures and their performance are covered in section 1.6.1 Our people
1.9.3 (Cerrejón and Antamina). 1.6.2 Employees and contractors
1.6.3 Technology
More information is also available at bhp.com. This includes 1.7 Sustainability
case studies, our new Climate Change Report 2020, and our 1.7.1 Sustainability guided by our purpose
Environmental, Social and Governance (ESG) databook, which 1.7.2 Our approach
provides sustainability performance data and is targeted at 1.7.3 Safety
both investors and ESG data providers. 1.7.4 Health
1.7.5 Ethics and business conduct
Finally, the Strategic Report is intended to assist shareholders 1.7.6 Environment
and other stakeholders to understand and interpret the 1.7.7 Value chain sustainability
Consolidated Financial Statements prepared in accordance 1.7.8 Climate change
1.7.9 Community
with the International Financial Reporting Standards (IFRS) 1.7.10 Tailings storage facilities
included in this Annual Report. Shareholders may obtain a hard 1.7.11 Independent limited assurance report
copy of the Annual Report free of charge by contacting our 1.8 Samarco
Share Registrars, whose details are set out in our Corporate 1.9 Portfolio: Our business

1.9.1 Locations
directory at the end of this Annual Report. 1.9.2 Minerals Australia
1.9.3 Minerals Americas
1.9.4 Petroleum
1.9.5 Commercial
1.10 Summary of financial performance
1.10.1 Group overview
1.10.2 Financial results
1.10.3 Debt and sources of liquidity
1.10.4 Alternative Performance Measures
1.11 Performance by commodity
1.11.1 Petroleum
1.11.2 Copper
1.11.3 Iron Ore
1.11.4 Coal
1.11.5 Other assets
1.12 Other information

BHP Annual Report 2020 3