Wind farm and hills

Our future

The future is clear. And it's happening now.

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

We believe the future is increasingly clear. Our strategy, portfolio, capabilities and approach to social value position us to play an important role in meeting the demands of the energy transition, sustainable economic development, and an improvement in living standards.

Our long-term 2050 climate goals are to achieve net zero operational GHG emissions (Scope 1 and 2 from our operated assets), and we are pursuing the goal of net zero value chain GHG emissions (Scope 3 emissions from our suppliers and customers). Achievement of this Scope 3 goal is uncertain, particularly given the challenges of a net zero pathway for our customers in steelmaking, and we cannot ensure the outcome alone.
water next to rockbank

Targets and goals

We have also set a short term 2030 target and goals, including a target to reduce operational GHG emissions by at least 30% from FY2020 levels, and a goal to support industry to develop technologies and pathways capable of 30% emissions intensity reduction in integrated steelmaking, with widespread adoption expected post 2030.

We also have a goal to support 40% emissions intensity reduction of BHP-chartered shipping of BHP products. To help us achieve these goals, we are working with our partners in the steel and maritime industries, backed by US$400 million of investment under our Climate Investment Program in areas such as low carbon steelmaking and low emissions technologies.1

1 See bhp.com/climate for more information.

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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, nickel 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.

Read our most recent episodes on the path to decarbonisation.

Hong Kong skyline

BHP's economic and commodity outlook

Full year 2023