08 October 2019
BHP will be holding an investor and analyst briefing today in London on Social Value.
The purpose of the briefing is to provide detail on how social value underpins BHP’s strategy, how it plays an important role in decision making and how it can drive better outcomes for all BHP stakeholders. This briefing follows, and builds on, our Capital Allocation briefing in November 2018 and Strategy briefing in May 2019.
BHP Chief External Affairs Officer, Geoff Healy, says: “We are moving from a position of maintaining ‘a social licence’ to creating ‘social value’.
“For us, it is – plain and simple – good business. We are part of a society that expects more of us. We recognise that our success depends on our ability to earn their trust and confidence. And we know that this means changing the way we do business at all levels, from local to global.
“When we make business decisions, both financial value and social value considerations come into play – each depends on the other for the decision to be effective.
“If we get this right, we firmly believe we will win access to the best talent, resources and markets, and set ourselves up to deliver a sustained competitive advantage.”
The presentation is available here.