ACCR Company Engagement BHP Group Ltd

Mining and metals giant BHP Group Ltd (BHP, formerly BHP Billiton Limited) is a diversified natural resources company.

BHP sits among the world’s top producers of major commodities, including iron ore, metallurgical coal and copper. It also has substantial interests in oil, gas and energy coal. A multinational and dual-listed company, BHP is headquartered in Melbourne, Australia and is one of the largest listed companies on the ASX. BHP has made considerable contributions to the accumulation of greenhouse gases in the atmosphere over the last century. In 2020, the Climate Accountability Institute found that between 1965 and 2018, BHP was the 19th largest carbon emitter in the world.

ACCR has engaged regularly with BHP Group on its decarbonisation commitments and lobbying related to climate and energy policy for more than four years. Despite cosmetic improvements to policies, there is little evidence of BHP’s industry associations advocating for ambitious and effective climate and energy policy.

Updates

  1. Media release

    BHP climate plan a greenwash

    This vote suggests institutional investors are easily cowed by big companies like BHP and they’re unwilling to force them to adhere to the Paris Agreement.

  2. Media release

    BHP offloads coal assets to a climate laggard

    ACCR is commenting on BHP’s divestment of 80% interest in BHP Mitsui Coal (BMC) to Stanmore SMC Holdings Pty Ltd.

  3. Media release

    BHP shareholders support coal mining beyond 2050

    Despite its claims of climate leadership, BHP’s climate plan isn’t even close to what is required to prevent runaway climate change.

  4. Media release

    BHP must end support for fossil fuel expansion

    ACCR welcomes BHP’s support for the shareholder resolution on climate-related lobbying. BHP must use its unique position of leadership to push for more ambitious emissions reductions before 2030.

  5. Briefing note

    Investor briefing: Shareholder Resolution to BHP Group Ltd/Plc on climate-related lobbying

    Supporting brief to our Shareholder Resolution to BHP Group Ltd/Plc on lobbying related to climate and energy policy.

  6. Media release

    BHP-Woodside merger a disaster for shareholders and climate

    Commenting on the sale of BHP’s Petroleum division (ASX:BHP) to Woodside Petroleum (ASX:WPL).

  7. Media release

    BHP must cease lobbying efforts which are inconsistent with Paris targets

    Concerned shareholders will persist in holding BHP to account for the obstructive lobbying of its industry associations.

  8. Shareholder Resolution

    ACCR Shareholder Resolution to BHP Group Ltd on climate-related lobbying.

    ACCR has filed a Shareholder Resolution to BHP Group Ltd (ASX: BHP) on industry association memberships and climate-related lobbying.

  9. Media release

    Woodside and BHP Scarborough project conflicts with a net zero future

    The Woodside and BHP Scarborough project is at odds with the expectations of investors for companies to align their capital expenditure and decarbonisation strategies with the Paris Agreement.

  10. Media release

    BHP investors remain focused on lobby groups

    “With this vote, investors have demonstrated to BHP that they remain focused on the impact of its industry associations on both Australian democracy and on climate action.”

  11. Media release

    BHP resolution withdrawn: First Nations Alliance reaches outcome with BHP

    “The measures the First Nations Alliance have secured with BHP could not have happened without the interest of the investment sector and the communication of their expectations about companies’ cultural heritage management.”

  12. Media release

    BHP dumps QRC; Origin and Santos should do the same

    “BHP has proven the value of ACCR’s shareholder resolution—some industry associations simply won’t change unless there are financial consequences”.

  13. Briefing note

    Investor briefing: Shareholder Resolutions to BHP Group on cultural heritage and lobbying

    Read the background and reasoning behind upcoming shareholder resolutions to BHP Group on cultural heritage protection and on lobbying relating to COVID-19 Recovery, and ACCR's recommendation that shareholders vote against the re-election of BHP board member Malcolm Broomhead.

  14. Media release

    Gas lobby secures taxpayer funding from Federal government for a failing industry

    “The Federal government may have finally given up on thermal coal but the carbon lobby won’t be deterred, by pushing gas, another dirty fossil fuel - which is proven to have the same, if not worse emissions than coal once fugitive methane emissions are factored in.”

  15. Media release

    BHP must commit to cutting fossil fuel production

  16. Shareholder Resolution

    ACCR Shareholder Resolutions to BHP on cultural heritage and lobbying

    ACCR has filed Shareholder Resolutions to BHP Group Ltd (ASX:BHP) requesting the a moratorium on the damage, removal or destruction of cultural heritage sites until laws are strengthened, remove gag orders on traditional owners and cease lobbying efforts on COVID-19 recovery which are inconsistent with Paris targets.