BHP GROUP | Approval of the Climate Transition Action Plan

Status
92.19% votes in favour
AGM date
Previous AGM date
Proposal number
13
Resolution details
Company ticker
BHP
Submitted by
Momentum Metropolitan Life Ltd
Resolution ask
Adopt or amend a policy
ESG theme
  • Environment
ESG sub-theme
  • Climate change
Type of vote
Accounts/reports, auditor appointment or ratification
Filer type
Management
Company sector
Materials
Company HQ country
Australia
Supporting materials
Supporting statement
Momentum Metropolitan Life Ltd: "While we acknowledge several positive steps BHP has taken, including its net zero commitment by 2050 that covers emissions across the entire value chain (Scope 1, 2, and 3), linking executive compensation to climate performance, and actions to address physical climate risks, some concerns remain. Notably, BHP's current investments in decarbonizing steel production appear insufficient given that Scope 3 emissions make up 97% of its total emissions. A more detailed roadmap for these emissions reductions would help clarify its strategy. Additionally, BHP’s continued involvement in metallurgical coal projects raises questions about the consistency of its long-term climate objectives with its ongoing coal expansion efforts."

DISCLAIMER: By including a shareholder resolution or management proposal in this database, neither the PRI nor the sponsor of the resolution or proposal is seeking authority to act as proxy for any shareholder; shareholders should vote their proxies in accordance with their own policies and requirements.

Any voting recommendations set forth in the descriptions of the resolutions and management proposals included in this database are made by the sponsors of those resolutions and proposals, and do not represent the views of the PRI.

Information on the shareholder resolutions, management proposals and votes in this database have been obtained from sources that are believed to be reliable, but the PRI does not represent that it is accurate, complete, or up-to-date, including information relating to resolutions and management proposals, other signatories’ vote pre-declarations (including voting rationales), or the current status of a resolution or proposal. You should consult companies’ proxy statements for complete information on all matters to be voted on at a meeting.