Page 53 - Annual Report 2020

1.7 Sustainability 1

1.7.1 Sustainability guided by our purpose

Our commitment to sustainability starts with our purpose – to bring people and resources together to build
a better world. Our purpose reflects why we exist and underpins everything we do. Strategic Report
Our products support global economic development and many planning process – through which we deliver on our strategy –
aspects of modern life, helping maintain and raise living standards and the assessment of our businesses and people through the
for people around the world. They have been doing this for more scorecard used to reward employees, from the front line to the CEO.
than 100 years and will continue to do so into the future. We realise Our management of sustainability lies at the core of our efforts
the production and use of our products has other impacts and to generate social value. That includes:
we are committed to understanding these impacts and minimising
and mitigating where they may have adverse effects. • putting the health and safety of our people first
• being environmentally responsible
Delivering our purpose requires us to make decisions based not • respecting human rights Governance at BHP
only on financial value, but social value, value that cannot be
measured in simple monetary terms. Without it, the economic • supporting the communities in which we operate
contributions we deliver will not be sustainable. Our commitment When our efforts to create social value are successful, they
to social value will enable our ability to attract and retain the best are a source of sustained competitive advantage. Ultimately,
talent, attract the best commercial partners and achieve the widest our management of sustainability enables our commercial
access to resources, markets and capital. performance and underpins it.
The importance of social value to delivering sustainable financial That is why this year for the first time we have integrated reporting
returns is especially relevant in the production of resources. on our sustainability commitments and our performance against
Our business is characterised by large-scale investments in them into this Annual Report. This reflects our belief that sustainability
long-term assets and supply chains that often operate for decades. performance is an integral driver of long-term shareholder and social Remuneration Report
We choose to do more than meet the terms of our contracts, value and is something our stakeholders value.
permits and licences. The currency of social value is not We recognise the delivery of sustainable outcomes is never
compliance, but trust. We are committed to making a positive complete and the challenges aren’t static; it will always require
contribution to the environment and society and seek to build our focus. Our approach, however, will be informed by our
deep and authentic relationships with our local, regional and global purpose, our commitment to social value creation, and the
stakeholders. Our aim is to ensure that our business benefits our knowledge that the commodities we produce enable global
stakeholders – financially, environmentally and socially. growth and improve the lives of people around the world.
Social value is a BHP priority and is considered at every level of our We welcome your feedback.
decision-making. It is embedded into our whole-of-business five-year Directors’ Report

Our material sustainability issues How we report
We use international frameworks to We focus on the most material issues, which we disclose in this Annual Report.
track our performance, such as the
Global Reporting Initiative (GRI) More information on sustainability and the full suite of our FY2020 sustainability content,
including topic-specific detail and case studies, is available at bhp.com/sustainability.
Standards and the International
Council on Mining and Metals (ICMM) For mapping against frameworks and standards, including the GRI Standards, ICMM Mining
Mining Principles. Principles, Task Force on Climate-related Financial Disclosures (TCFD), United Nations Global
Compact (UNGC) Ten Principles and the United Nations Sustainable Development Goals
We conduct an annual materiality (UNSDGs), refer to our mapping navigator at bhp.com/sustainability.
assessment to identify key sustainability For key sustainability performance data, refer to section 6.6 and our online databook. Financial Statements
issues for BHP. The issues identified in
FY2020 are in the table below. More We have obtained external limited assurance over our disclosures in sections 1.6.1 Our people,
information about our materiality 1.6.2 Employees and contractors, 1.7 Sustainability and 6.6 Sustainability – performance data.
assessment is available at bhp.com. Refer to EY’s assurance report in section 1.7.11 for the full assurance statement.

Our sustainability approach Society
• Board competency, succession and accountability Section 2 • Community relationships Section 1.7.9
• Product stewardship and value chain sustainability Section 1.7.7 • Respecting human rights
• Governance and management of our non-operated Section 1.9.3 • Indigenous peoples
joint ventures • Economic support for communities and Additional information
Health and safety social investment
• Elimination of fatalities Section 1.7.3 Tailings dams
• Safety, health and wellbeing of our people and Section 1.7.4 • Dams and tailings management Section 1.7.10
the community • Response to Samarco Section 1.8
Ethics and business conduct People
• Anti-corruption and bribery Section 1.7.5 • Inclusion and diversity Section 1.6.1
• Transparency and disclosure • Training and development of our people Section 1.6.1
Environment • Technology Section 1.6.3
• Biodiversity and land management Section 1.7.6 Economic contribution Shareholder information
• Environmental impacts of our operations • Tax and royalty payments Economic
• Managing air emissions Contribution
• Water management and access Report 2020
Climate change
• Portfolio resilience Section 1.7.8 and
• Physical impacts of climate change Climate Change
• Minimising greenhouse gas emissions (GHG) from Report 2020
our operations and from the use of our products
• Global response to climate change
BHP Annual Report 2020 51