Since the 1990s, we have set and achieved targets for Scopes 1 and 2 emissions from our operated assets.¹ We call these operational greenhouse gas (GHG) emissions and we are working to extend our track record of delivery through our Climate Transition Action Plan 2024. We remain on track to meet our operational GHG emissions target of at least a 30 per cent reduction by FY2030 against an FY2020 baseline. The next wave of our operational decarbonisation will be harder. We are developing pathways for our long-term goal to achieve net zero operational GHG emissions by CY2050.

While we work to decarbonise our operations, we also seek to support our suppliers and customers to do the same. As Scope 3 emissions relate to their businesses, we cannot directly control them, however, we can seek to influence better outcomes through our procurement decisions and the investments and partnerships we choose to pursue. 

By supporting and investing in various potential pathways, we want to help accelerate the development of technology that could not just benefit our value chain, but that of our broader industry. 

The road from ambition to abatement is hard. No business can navigate it alone. In fact, we need industry and government to walk it together to achieve the world’s net zero ambitions. This is why we continue to support government policies aligned with the goals of the Paris Agreement and conduct our advocacy efforts consistent with our Climate Policy Principles. 

Our CTAP 2024 reaffirms our intent to play our part in this global effort – producing more of the essential commodities the world needs to develop and decarbonise; investing to reduce our operational GHG emissions; and collaborating to support lower GHG emissions in our value chain. In doing this, we continue to reflect our purpose of bringing people and resources together to build a better world.

1. Includes achievement of the following targets set by BHP: Reduction in the GHG emissions intensity of our operations by 10 per cent between FY1995 and FY2000; reduction in the GHG emissions intensity of our operations by 5 per cent between FY2002 and FY2007; maintaining operational GHG emissions below our FY2006 baseline by FY2017, while growing our business; and maintaining operational GHG emissions (Scopes 1 and 2 emissions from our operated assets) at or below FY2017 levels by FY2022 while we continue to grow our business.