Mining giant BHP has committed to invest $400m as part of its Climate Investment Programme over the next five years to reduce greenhouse gas emissions.

The company’s Climate Investment Programme is aimed at developing technologies to reduce emissions generated from its own operations and through the use of its resources.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

BHP CEO Andrew Mackenzie said: “Over the next five years this programme will scale up low-carbon technologies critical to the decarbonisation of our operations. It will drive investment in nature-based solutions and encourage further collective action on scope three emissions.

“Commercial success of these investments will breed ambition and create more innovative partnerships to respond collectively to the climate challenge.

“We must take a product stewardship role for emissions across our value chain and commit to work with shippers, processors and users of our products to reduce scope three emissions.”

Key measures under the BHP Climate Investment Programme include plans to set up a medium-term, science-based target for scope one and two emissions. This will be in line with the Paris Agreement.

The company plans to develop a new climate portfolio analysis report next year to evaluate the potential impacts.

BHP intends to strengthen the link between emissions performance and executive remuneration, which will be made clear from 2021.

Mackenzie concluded: “We require a considered and orderly transition to a lower-carbon world, in which resource companies like BHP have both critical expertise and a key role to play.”

BHP has a short-term goal to cap 2022 emissions at 2017 levels, aiming to have net-zero emissions by mid-century as its long-term goal.