Operational Value chain Climate policy Physical risk Equitable change Enabling Additional BHP Contents Introduction GHG emissions GHG
emissions Portfolio advocacy and adaptation and transition delivery information Climate Transition Action Plan 2024 Our Transition Plan Taskforce alignment When developing this CTAP, The disclosure framework has three guiding principles: –
Targets associated with governance – Impacts and dependencies that have engagement, business activity, operational beenidentifiedwithrespecttonature:We we considered the voluntary 1. Ambition 2. Action mattersandfinancialmetrics:The disclosure
acknowledge the interdependencies between Uk Transition Plan Taskforce framework requires publicly disclosed targets in climate and nature. Although not contained within 3. Accountability each of these areas. We actively monitor a range this CTAP,
we do disclose information on our Disclosure Framework that was of climate-related metrics in these areas and strategies to manage land, water and biodiversity published in October 2023. As shown in Table 8.1, we have mapped where adjust our
strategy and actions where necessary. in the BHP Annual Report and on our website. our disclosures in this CTAP seek to align with the – Absolute gross Scope 3 emissions reduction For more information on our land, water and biodiversity The
disclosure framework disclosure framework. target: We are not currently in a position to commit strategies, refer to the latest BHP Annual Report, available aims to support companies to to a new absolute gross target for any part of our at available
bhp.com/investors/annual-reporting at bhp.com/sustainability and our website, The Framework Transition is available Plan Taskforce at transitiontaskforce. Disclosure net value chain GHG emissions, given achievement of develop high-quality,
consistent our value chain GHG emissions long-term net zero and comparable transition We acknowledge there are areas of the disclosure goal is uncertain, particularly given the challenges of framework that this CTAP does not address or a net zero
pathway for our customers in steelmaking, plan disclosures. substantially align with, the most significant of which are: and we cannot ensure the outcome alone. Table 8.1: Transition Plan
TaskforceDisclosureFrameworkandouraligneddisclosuresinthisCTAP(unlessotherwisespecified) Accountability: Metrics and targets, and Ambition: Foundations Action: Implementation and engagement strategy governance Operational GHG emissions Portfolio
Introduction Portfolio continued Introduction – Our target and net zero goal for operational – Resilience in our 1.5°C scenario, on page 34 – Our climate change strategy and this CTAP at a glance, on – Spotlight: Our
1.5°C scenario – what it is and how we use – Our portfolio changes and highlights of our climate GHG emissions (Scopes 1 and 2 emissions), – Copper, nickel, uranium and potash in our pages 8 and 9 it, on page 33 change strategy
delivery so far, on page 7 on pages 11 to 13 1.5°C scenario, on pages 35 and 36 – Spotlight: Influences on our operational GHG – Steelmaking, iron ore and steelmaking coal Operational GHG emissions Policy advocacy Enabling delivery
emissions target- and goal-setting, on page 18 in our 1.5°C scenario, on pages 37 and 38 – Spotlight: How we plan operational GHG emission – Our approach to policy advocacy, on page 40 – Our governance, on page 50 reductions in a
dynamic environment, on page 14 – Our recent and planned policy engagements, on page 41 – Our management, remuneration and organisational Value chain GHG emissions Physical risk and adaptation – Our areas of focus to reduce
operational GHG emissions, capability, on page 51 – Our net zero goal for value chain GHG – Our approach to physical climate-related risk, on pages 15 to 17 Physical risk and adaptation – How we manage carbon credits, on page 54
emissions (Scope 3 emissions), on pages 20 on pages 43 and 44 – Our management of physical climate-related risk, on and 21 Value chain GHG emissions pages 45 Additional information – Steelmaking: Our Scope 3 emissions goal to Equitable
change and transition – Our net zero goal for value chain GHG emissions (Scope 3 – Definitions and key details for our GHG emissions support capability for GHG emissions intensity, – Our approach to equitable change and emissions), on
pages 20 and 21 Equitable change and transition targets and goals, on pages 57 to 60 on pages 24 and 25 transition, on page 47 – Steelmaking: Longer-term industry pathways, on pages – Spotlight: Our equitable change and transition
principles, – Direct suppliers: Our Scope 3 emissions net 22 and 23 on page 47 BHP Annual Report zero target for direct suppliers’ operational Enabling delivery – Steelmaking: Our Scope 3 emissions goal to support – Case study:
Equitable change and transition at Mt Arthur – We publish our climate-related metric, targets GHG emissions, on page 28 – How we manage capital, on page 53 capability for GHG emissions intensity, on pages 24 and Coal, on page 48 and goals
as part of our annual climate change – Shipping: Our Scope 3 emissions goal to 25 disclosures in the BHP Annual Report, available at support GHG emissions intensity reduction – Case studies: Steelmaking GHG emissions intensity Enabling
delivery bhp.com/investors/annual-reporting and net zero target, on pages 29 and 30 reduction projects, on pages 26 and 27 – How we manage climate-related risk (threats and – Direct suppliers: Our Scope 3 emissions net zero target for
opportunities), on page 52 direct suppliers’ operational GHG emissions, on page 28 – How we manage capital, on page 53 – Shipping: Our Scope 3 emissions goal to support GHG emissions intensity reduction and net zero target, on
Additional information pages 29 and 30 – Our 1.5°C scenario assumptions and the signposts we monitor, on page 61 Portfolio – Our 1.5°C scenario compared to benchmarks, on page 62 – Our portfolio strategy, on page 32 –
Spotlight: Our planning range – what it is and how we use it, on page 32 56
