BHP Billiton's Sustainability Framework

Many firms are learning that being environmentally friendly and sustainable has numerous benefits. (O.C Ferrell, Fraedrich, Ferrell, 2015). This could enable them to increase goodwill from various stakeholders and also save money in the long term. This will mean that they are being more efficient and less wasteful of resources, which will enable them to be more competitive by satisfying stakeholders. The CEO of

In 2013, the Obama Administration issued the Climate Action Plan to focus on reducing greenhouse gas emissions by 17 % reduction below 2005 levels by 2020. This plan’s three objectives were carbon reduction, strengthening capacity for climate change response, and leading international cooperation for climate change crisis (White House, 2013). To reduce the

The carmaker, which employs 15,000 people, including 3,500 engineers at two product development centres in the Midlands, is part of the EU ETS scheme and has signed up to a Climate Change Agreement. Head of sustainability Frances Leedham says One of my objectives is to make environment and sustainability part of doing business. It was unheard of a few years ago, but there is a clear incentive to decarbonise our economy and focus on renewable energy. Across our UK facilities we have set ambitious targets, and by 2012 we aim to reduce operating carbon emissions by 25 per cent, waste to landfill by 25 per cent and water consumption by 10 per cent. So crucial is the companys sustainability agenda to long-term business growth that a 9m fund has been set aside for investment in efficiency measures across the business, targeting areas where the biggest savings can be made. Jaguar Land Rovers paint shops, for example, have been identified as the largest consumer of energy in the whole manufacturing process. By sharing best practice between production sites, the company has implemented more than 50 initiatives-from optimising use of air compressors to closing parts of the paint shops when they are not being used. These measures have saved 13,200 tonnes of carbon emissions and more than 1.5m in energy costs over the past two years. But Leedham insists smaller schemes have a significant effect, too Things such as lighting, heating

Ontario has its own creative and effective strategies to combat climate change. One of Ontario’s goal is a low-carbon future. To accomplish this the province started making carbon reductions in 1990 and are on track to reduce carbon emissions by 15% in 2020, 37 per cent in 2030 and 80 per cent in 2050 (Climate Change Action Plan, 2017). Ontario’s target of reducing emissions by 6% was met on schedule in 2014 (Climate Change Action Plan, 2017). One of the reasons this has been made possible is because of Ontario’s investment in carbon reduction. For example, in 2015 Ontario committed $325-million payment to Ontario’s Green Investment Fund to support programs that help households and businesses implement

According to Mindy S. Lubber president of Ceres, “many U.S. companies today are still downplaying the possible risks of climate change and its far-reaching business impacts.” Still using fossil fuels and releasing carbon dioxide in large amounts will have large effects on the Earth, if companies aren’t careful. The idea of global warming has been around in the United States for many years. In fact, climate change has had effects on people and the environment for a while, and it may continue. The companies use fossil fuels for energy to receive the positive business effects that they give. However, companies are already starting to see consequences for releasing too much carbon dioxide. Companies

Follow the Clause 17 and Clause 19, BHP Billiton follows the policy obligation not to discharge pollutants into water or onto certain land

Global warming has been a controversial topic for years and some have even denied its existence; however, as more studies are being published every day in regards to our changing climate, it is hard to ignore this growing issue and how humans contribute to it. The term greenhouse gases refers to the group of gases that are primarily responsible for global warming and chief among these gases is carbon dioxide. Rising carbon dioxide levels can be attributed to a combination of burning fossil fuels such as coal, natural gas, and petroleum as well as deforestation in general ( Source A). To slow the effects of global warming, it is important for leaders in our society to consider their greenhouse gas emissions, especially carbon dioxide, and make

According to the 2014 BHP Strategic Report, BHP is focused on “reducing our emissions, increasing our preparedness for physical climate impacts and working with others, including industry and governments, to support effective responses to climate change.” (BHP Billiton, 2015) The stability of BHP is crucial to meeting future objectives, as the company needs to be able to be financially stable in order to be accountable for both current and future monetary agreements. Company resources are also crucial to BHP’s future objectives as the business cannot grow or reach goals without these. As BHP produces necessary commodities for many parts of the world, the economy and its growth are an important factor in the external environment of the company.

They looked at two scenarios, inaction, where business’ continue finding and using carbon as they see fit, and action, where business’ use a low-carbon energy mix. They found that not only would the investment cost of the action scenario be no more than inaction, but it would even cost a bit less- 190.2 trillion dollars for action and 192 trillion dollars for inaction. This is before even considering the amount of money saved by the effects of the action scenario itself. The report found that, “the difference in climate damage costs between low (1.5°C) warming and high (4.5°C) warming scenarios could be as high as $50 trillion” (Business Insider). The effect of such a large economic company reporting this data is the perfect example of how using economics for the sake of reversing global warming can be really beneficial. The argument often used by economists is that becoming more sustainable would hurt the economy, but the data in this report proves just the opposite, and how terrible it would be if we did nothing. For the sake of investment in industry’s like coal and gas, this information is often denied. But this is not anywhere near the first time industry’s have had to adapt due to uncontrollable events. This report emphasizes the importance of recognizing

The strength of KiwiRail’s sustainability report lies on Context and defining sustainability, Reporting structure, Business model and telling your story. KiwiRail in the first part of their report define sustainability and describe their values and how those values are created using easy diagrams throughout the process. The report is then divided to four parts each representing the key activities displayed in the business

Rio Tinto’s sustainable goal includes abolition of employee injuries or losses, reduction in noise pollution, reduction in greenhouse gases and reduction in freshwater use. Subsequently, progress towards these goals have also been measured and include achieving a lower employee injury rate, 76 per cent reduction in employee illness rate, decrease in noise pollution by 3.2 percent and reduction in our greenhouse gas emissions by 5.1 per cent. Through the release of forward and backward looking statements, Rio tinto has an accommodative approach to their social responsibility which indicates that they care about meeting the ethical requirements and are less likely to hide information about their sustainable decisions from the general public. Additionally, the RDAP criteria below (see appendix 2) supports the notion that Rio Tinto is successful in disclosing their sustainability in an accommodative approach because for both years 2012 and 2013 there was a carbon disclosure project, sustainability board committee, employee sustainability training was less concentrated for the

Even with the introduction of Abbott’s product, we do not expect this to change the environment as a whole at all. One of the main things that Abbott stresses in their code of conduct is that when they bring themselves to a different community, they will treat it with respect. This includes making sure that they do not let out any emissions that would harm the community and the environment. In fact, they had just introduced a new environmental program. The goal of this program is to reduce energy costs, waste, and recycle more. Through this program, Abbott will ensure that they are keeping the community that they enter safe and the environment safe as well.

Over the past few decades, sustainable business practices have become more prevalent and required in corporations. Australian organisations are required to be responsible for being sustainable socially, economically and environmentally, here we focus on the environmental factors. Australia’s government is constantly coming up

The system is supposed to enhance its internal practices to reducing greenhouse gas, and they will be increasing recycling processes. More importantly, it will also create strict guidelines for JPMorgan Chase's lending decisions when it comes to The mining, forestry, oil, and gas industries it will no longer finance projects that pose a danger to the environment It has also decided to encourage clients to design plans to try and reduce the large amounts of greenhouse gasses to help the environment. The modifications come from years of the hard word by the Stakeholders as well as some other groups that included nongovernmental organizations (NGOs), investors, and activists. Stakeholders, including NGOs, investors, and activists, as well as communities, labor, and consumers all, played a significant role in improving corporate behavior. Some NGOs are willing to put themselves in danger by using strategies of conflict. Others have been working to create partnerships with companies to help them green their production, often in ways that save them money. As well, the investor community is taking a progressively active role in work with the companies in the hopes of creating a partnerships with businesses in order to help them green their production, which often save them money on the long term outlook. Some of the investor community is taking an active role as well encouraging corporations to consider the long-term financial risks of social and environmental issues rather than the next quarter's

BHP Billiton Company is formed together with two companies; BHP limited and Billiton. BHP is an Australian silver and mine proprietary company. Billiton is an Indonesian mining company. BHP Billiton central headquarters situated in Melbourne, Australia and London, United Kingdom. BHP Billiton is a multinational mining company that yields natural resources from earths center. (BHP Billiton 2015) The company major resources are coal, copper, iron ore, petroleum and potash. BHP Billiton is reportedly the world biggest asset and were included not only in the production of energy and coal, but also natural resources dug from below the ground. (Baer, 2014) Over the years, the companies have slowly become more aware of its environment. The attention of responses was reliable with an all around hailed crest in ecological mindfulness inside Australia that the company could not able to