Our future

We have continued to create a simpler, more efficient BHP, that we believe is better able to capitalise on the megatrends shaping our world.

Taking action on climate change

We’re optimistic for the future. As the world seeks to reduce carbon emissions and as the population grows, continues to urbanise and seeks higher living standards, we expect more steel, copper and potash will be required. The world cannot meet these aspirations without the core commodities we produce. Our portfolio is well-positioned. We produce commodities essential to everyday life and critical to the future. There is tension between the world’s need for more resources and the need to make the world more sustainable. It is essential both aims are achieved.

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Targets and goals

We have also set a medium-term GHG emissions target and goals, including a target to reduce operational GHG emissions by at least 30% from FY2020 levels, a goal to support industry to develop steel production technology capable of 30 per cent lower GHG emissions intensity relative to conventional blast furnace steelmaking, with widespread adoption expected post-CY2030, and a goal to support 40 per cent GHG emissions intensity reduction of BHP-chartered shipping of BHP products by CY2030, from a CY2008 baseline.

Our strategy

We will responsibly manage the most resilient long-term portfolio of assets, in highly attractive commodities, and continue to grow value.

Read our most recent episodes on the path to decarbonisation.

The "brown-to-green transition"

At the simplest level, the brown-to-green (B2G) transition involves moving from an energy system that is fossil fuel and carbon-emission intensive to one that is not, and whose critical inputs include more sustainably produced metals and materials.

The electric smelting furnace

The global iron and steel supply chain is immense, producing nearly 2 billion tonnes of steel products annually1, which are used in our buildings, cars, whitegoods, wind turbines and numerous other steel-containing goods and infrastructure.

The many, many roads to Paris

In the seven years since the Paris Agreement was adopted, thousands of scientists and economists have set out to model how the world might go about containing the global temperature increase.

The energy transition dilemma

Metals are essential for the energy transition to succeed, but providing those metals can be energy intensive. How best to proceed?

BHP Commodity Outlook Our market outlook

These are some of the global trends that we think will bring opportunities and risks to our portfolio in the short, medium and long term.

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