BHP Billiton: Ethics and Corporate Social Responsibility

Running Head: Ethics and CSR
BHP billiton
Ethics and Corporate Social Responsibility

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Table of Contents
1. Introduction.........................................................................................................................................2
2. Corporate Social Responsibility...........................................................................................................2
Carroll’s Model of CSR.............................................................................................................................3
3. Key stakeholders..................................................................................................................................5
4. Environment........................................................................................................................................5
5. Human Rights......................................................................................................................................6
6. Governance.........................................................................................................................................6
7. Philanthropy........................................................................................................................................6
8. References...........................................................................................................................................8

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1. Introduction
BHP is a multinational metal, petroleum and mining company. It was formerly known as BHP Billiton
Limited and BHP Billiton Plc. It is an Anglo-Australian listed public company headquartered in
Melbourne, Victoria, Australia. The company was founded in 1985 and till 2017; company acquired the
leading position as the largest mining company in terms of market capitalisation. Along with this,
organization known as the third largest company in Australia in terms of revenues as their revenues
have been almost tripled in recent years. BHP Billiton was formed with the merger of Broken Hill
Proprietary Company Limited (BHP) and Anglo-Dutch Billiton plc in 2001. Every company irrelevance to
its nature, size and revenue requires adopting appropriate corporate social responsibility so that the
desired goals and objectives could be attained along with the sustainable growth in the competitive and
dynamic business environment. Apart from this, corporate social responsibilities are known as set of
strategies which falls under international private business self-regulation (BHP, 2018).
BHP’s corporate social responsibilities are effective enough in terms of developing and maintaining an
effective position and positive image amongst the target audience. The report will focus over the CSR
strategies of BHP Billiton for developing better image in the business environment along with attaining
sustainable growth objectives. Apart from this, the report will also focus over the key stakeholders of
the organization which will be affected by the organizational actions, strategies adopted by the
organization in relevance with the protecting the environment and initiative taken by the organization
along with collaborating with government and NGOs. Further, the report will focus over the strategies
adopted by BHP Billiton for securing the human rights. Various stakeholders are linked with the
operations of organization and in relevance with enhancing organizational image in the target market;
measures taken by the organization will be discussed in this report. Along with this, the report will also
focus over the appropriate strategies in relevance with the ethical management of people within
workplace. The last part of the report will discuss governance structure along with the company’s record
on philanthropy. These measures are majorly known for giving back to the society and these measures
help the organization to develop a positive image amongst the business environment.
2. Corporate Social Responsibility
Every company needs to understand their corporate social responsibilities and BHP Billiton has
described their corporate social responsibilities as fundamental subservice policy. Company states that
there is only one responsibility for every business which is utilisation of resources so that the
organizational activities could be performed in an appropriate manner along with gaining positive
results. BHP is a mining based company and CSR is increasing due to increasing awareness for the
unethical business behaviour. BHP’ response towards society and community is with a combination of
policies such as code of conduct, sustainable development policy and various other policies which are
designed as per the standards for performing the organizational operations (Schwartz, 2017).
BHP Billiton’ CSR policy covers following aspects: