BHP to spend $4B on emissions reduction, biodiversity loss to 2030, exec says (NYSE:BHP)

BHP to spend $4B on emissions reduction, biodiversity loss to 2030, exec says (NYSE:BHP)

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BHP (NYSE:BHP) said on Tuesday it expects to spend ~$4B on cutting its greenhouse gas emissions through 2030, at the top end of earlier estimates by the miner that it could spend $2B-$4B on operational decarbonization projects during the period.

BHP’s (BHP) chief legal, governance and external affairs officer, Caroline Cox, used the figure in an investor presentation as she unveiled the company’s new “social value” framework, including a pledge to conserve or rehabilitate 30% of the 6M hectares of land it owns or manages around the world by 2030 and gain greater feedback from indigenous groups.

The company’s new “nature positive” push comes as global miners face increasing pressure from shareholders and wider society to do more to mitigate their impact on climate change and natural landscapes.

BHP (BHP) is “one of the better performing mining companies, although it does not come cheap,” Fahim Ali writes in a newly published analysis on Seeking Alpha.

Originally Posted on: https://seekingalpha.com/news/3852488-bhp-to-spend-4b-on-emissions-reduction-biodiversity-loss-to-2030-exec-says?source=feed_tag_commodities
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