Our priority is to identify and manage significant risks relating to sustainability. Our operated assets and functions approach risk management across our business activities and processes by applying our global Risk Framework. BHP believes effective risk management requires a single, consolidated view of risks across the business to understand the Group’s full risk exposure and to prioritise risk management and governance activity. As such, we apply a single framework (known as the Risk Framework) for all risks, including those relating to sustainability.
Embedding risk management into work processes and critical business systems helps us to develop a risk-informed approach to sustainability.
Our Internal Audit and Advisory (IAA) team evaluates the design and effectiveness of our sustainability processes and we create detailed management plans to address any identified gaps.
We set workplace health, safety, environment and community standards for our operated assets and work to enforce their application. Contractors working at our operated assets must comply with our standards and requirements and we seek to ensure our suppliers, agents and service providers maintain business practices and workplace standards comparable to our own.
Third party assurance providers visit selected operated assets and evaluate our sustainability approach to ensure we accurately represent our commitments and actions.
We provide a broader discussion of our approach to risk management in our Annual Report.