Page 54 - Annual Report 2020

1.7.2 Our approach

We must consider the wellbeing of our people, the communities in which we operate and the environment
in everything we do. Our approach to sustainability and social value reflects this. We look to integrate social
value into our decision-making and actions by considering the needs of our many stakeholders and finding
new and innovative solutions that create mutual benefit.
Our approach to sustainability is defined by Our Charter and We voluntarily commit to several sustainability frameworks,
realised through Our Requirements standards. These standards standards and initiatives and transparently disclose data according
describe our mandatory minimum performance requirements and to their requirements. The sustainability disclosures within this
provide the foundation to develop and implement management Strategic Report align with the ICMM Sustainable Development
systems at our operated assets. Framework and are prepared in accordance with the GRI Standards
We set clear targets to improve our sustainability performance. comprehensive-level reporting. As BHP is a UNGC signatory,
We embed sustainability performance measures throughout the this serves as our UNGC Communication on Progress on
Group through our public five-year sustainability targets. Achieving implementation of the UNGC Ten Principles and support for
these targets and working towards our goals aligns with our its broader development objectives.
commitments to the objectives of the Paris Agreement and the
UNSDGs. For more information about our FY2020 performance
against our targets, refer to section 1.4.8.

Keeping ourselves accountable

Results Through reporting, we are accountable to our stakeholders for results.

Identifying metrics and indicators to track performance and setting clear targets
Targets challenge us, drive improvement and allow stakeholders to assess our
performance in the areas that matter most.
Metrics/indicators

Systems Our Requirements standards are the foundation for developing and
implementing e ective management solutions.
Our Requirements standards

Our Code of Conduct supports Our Charter and reflects many of the standards
Our Code of Conduct and procedures applied throughout BHP.

Our Charter articulates our purpose, our values, how we measure success and
Our Charter forms the basis for decision-making.

52 BHP Annual Report 2020