BHP links bonuses to climate plan, sets medium-term targets

Diversified major BHP has set medium-term targets for reducing greenhouse emissions, announcing on Thursday that it would reduce emissions by at least 30% from adjusted 2020 levels by the end of this decade.

The group has already established its long-term goal of achieving net zero operational (Scope 1 and 2) emissions by 2050 and its short-term target of maintaining operational emissions at, or blow, 2017 levels by 2022, using carbon offsets.

The major also announced that CEO Mike Henry and other senior executives’ remuneration would be linked to the delivery of its climate plan.

“Our actions must be of substance. They must be real, tangible actions to drive emissions down. We must focus on what we can control inside our business, and work with others to help them reduce emissions from the things that they control,” Henry said in the BHP 2020 climate change plan update, published on Thursday.