BHP to Set New Carbon Goals, Including for Customers, Says CEO
July 23 2019 - 5:41AM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--BHP Group Ltd. (BHP.AU) will next year set new goals for
cutting carbon emissions from its operations, and those of its
customers, which will include stronger links to executive pay, its
chief executive said.
BHP will also establish a five-year, $400 million climate
investment program for low-emissions technologies aimed at
eliminating emissions through the resources supply chain, said
Andrew Mackenzie.
"We must take a product stewardship role for emissions across
our value chain and commit to work with shippers, processors and
users of our products to reduce Scope 3 emissions," Mr. Mackenzie
said in a statement Tuesday. "These emissions are generated as
customers transport, transform and use our products to serve the
needs of billions of people and they are almost forty times higher
than the emissions from our own operation," he said.
BHP will set a new medium-term target for emissions from its own
operations, on top of an existing short-term goal to cap 2022
emissions at 2017 levels and a long-term one for net-zero emissions
by the middle of the century. The company will also strengthen
links between emissions performance and executive pay, Mr.
Mackenzie said.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
July 23, 2019 05:26 ET (09:26 GMT)
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