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Our future

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

At BHP, we're focused on the resources the world needs to develop and decarbonise. Copper for renewable energy. Nickel for electric vehicles. Potash for sustainable farming. Iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition. A resources mix for today and for the future.

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

Our 2050 goals are to achieve net zero operational GHG emissions (Scope 1 and 2 from our operated assets) and net zero value chain GHG emissions (Scope 3). We have also set value chain goals for 2030 to help tackle Scope 3 emissions by working with our partners in the steel and maritime industries, backed by US$400M of investment under our Climate Investment Program in areas like low carbon steelmaking and low emissions technologies.1

1 See for more information.

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Taking real action on climate

We're optimistic for the future. As the world accelerates toward a lower carbon future, we expect it will require more copper, nickel, potash and steel. The world cannot meet its decarbonisation and higher living standards aspirations without the essential commodities like many of those we produce. Our portfolio is well-positioned. We produce commodities essential to everyday life, global economic growth and the energy transition. There is an obvious tension between the world’s need for more resources and the need to make the world more sustainable: both for people and for the environment. It is essential that both are achieved.

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Note: There are inherent limitations with scenario analysis and it is difficult to predict which, if any, of the scenarios might eventuate. Scenarios do not constitute definitive outcomes for us. Scenario analysis relies on assumptions that may or may not be, or prove to be, correct and may or may not eventuate, and scenarios may be impacted by additional factors to the assumptions disclosed. Refer to our Climate Change Report for information about the assumptions and outputs of our 1.5°C scenario.

Read our five episodes on the path to decarbonisation.

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BHP's economic and commodity outlook

Full year 2023