BHP Billiton's Corporate Responsibility in Controlling Climate Change

Climate Change
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TABLE OF CONTENTS
Introduction:....................................................................................................................................4
Research objective:......................................................................................................................4
Research question:.......................................................................................................................4
Literature review:.............................................................................................................................4
Carbon business accounting:...................................................................................................4
Role of the carbon accounting in business:.............................................................................5
BHP and its role in controlling climate change:......................................................................5
Research methods:...........................................................................................................................7
Findings and discussions:................................................................................................................7
Conclusion:......................................................................................................................................9
Analysis:........................................................................................................................................10
References......................................................................................................................................11
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Abstract:
BHP Billiton is an Anglo-Australian multinational mining organisation having vivid interest in
mining and production activities of mineral resources. The aspect of carbon accounting shows
responsibility of the organisation in emitting of two-thirds of the global greenhouse gases. So the
organisation taking due note of its corporate responsibility has attempted to undertake reduction
of carbon emission measures. There are disclosures made by BHP to have zero-emission
materials and zero-emission electricity in its business operations along with the usage of
alternative means of energy to reduce the extent of greenhouse emission substantially. There are
projects like Lakeland Solar and Storage Project in Queensland and Olympic Dam sites in South
Australia undertaken by BHP to reduce its energy usage by 2022.
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INTRODUCTION:
The research report would strive to focus on the aspect of corporate responsibility of the business
organisations in response to the environmental issues leading to climate change due to changes in
weather patterns, floods and droughts amongst others. The paper would focus on the corporate
responsibility delivered by the Anglo-Australian mining organisation, BHP Billiton and its effort
in containing the adverse impact of climate changes. BHP has been listed as one of the 90
business organisations extracting fossil fuels leading to emission of two-thirds of the greenhouse
gases. It is estimated that 10% of the emissions are due to direct operations of BHP, say mining
and 90% due to its product. The passage of time made BHP a responsible business organisation
investing worth $77 million for the communities across the world (BHP, 2018).
Research objective:
To find out the disclosures made by BHP Billiton in encountering the issues due to climate
changes and its effort in preventing the same.
Research question:
What are the disclosures made by BHP Billiton in addressing the issue of climate change from
2016 to 2018?
LITERATURE REVIEW:
Carbon business accounting:
According to McMullan (2017), carbon accounting takes into consideration various business
practices to varied segment of people to quantify the physical level of greenhouse emission to the
atmosphere as physical carbon accounting. It also comes up with financial market worth of the
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