By | October 24, 2017
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BHP Billiton Company

About Us

BHP is a world-leading resources company. We extract and process minerals, oil and gas, with more than 60,000 employees and contractors, primarily in Australia and the Americas. Our products are sold worldwide, with sales and marketing led through Singapore and Houston, United States. Our global headquarters are in Melbourne, Australia.

We operate under a Dual Listed Company structure with two parent companies (BHP Billiton Limited and BHP Billiton Plc) operated as if we were a single economic entity, which we refer to as BHP. We are run by a unified Board and management.

How our DLC works

Our corporate purpose is to create long-term shareholder value through the discovery, acquisition, development and marketing of natural resources. We do this through our strategy: to own and operate large, long-life, low-cost, expandable, upstream assets diversified by commodity, geography and market.

We are among the world’s top producers of major commodities, including iron ore, metallurgical coal and copper. We also have substantial interests in oil, gas and energy coal.

Read more about our structure and strategy, meet our leadership team and learn about the corporate governance that underpins the way we conduct business.

Structure and strategy

We operate under a Dual Listed Company structure with two parent companies (BHP Billiton Limited and BHP Billiton Plc) operated as if we were a single economic entity, which we refer to as BHP. We are run by a unified Board and management.

How our DLC works

Our strategy is to own and operate large, long-life, low-cost, expandable, upstream assets diversified by commodity, geography and market.

We have a simple and diverse portfolio of tier one assets around the world, with low-cost options for future growth and value creation. This allows us to apply our values and culture, emphasise safety and productivity, deploy technology and exert capital discipline to extract the most value and the highest returns from our assets.

Our Operating Model allows us to leverage our expertise across our business, with multifunctional teams that connect across the organisation to share best practice, make us safer and solve problems together.

We are among the world’s top producers of major commodities, including iron ore, metallurgical coal and copper. We also have substantial interests in oil, gas and energy coal.

Our plan to grow value

Consistent with our strategy, we have a plan to grow the value of BHP. This plan is focused on six key areas:

  • Cost efficiencies – focused on further gains
  • Latent capacity – attractive returns, limited risk
  • Major projects – timed for value and returns
  • Exploration – positive results reduce risk for future wells
  • Technology – improves safety, lowers cost and unlocks resource
  • Onshore US – value and flexibility

More on our Plan To Grow Value

Capital management

Our Capital Allocation Framework aims to maximise the potential value of every dollar we earn for our shareholders.

More on our Capital Allocation Framework

Read more about us, meet our leadership team and learn about the corporate governance that underpins the way we conduct business.

Leadership Team

Our leaders are required to hold themselves accountable for living our Company values as outlined in Our Charter; to put safety first; to make people a priority; to be functionally excellent; and to work with integrity.

Skills and experience:

Ken has extensive global and executive experience, and a deeply strategic approach. From 2005 until 2015, he served as the Managing Director and Chief Executive Officer of Amcor Limited, a global packaging company with operations in over 40 countries. During his 23 year career with Amcor, Ken gained extensive experience across all of Amcor’s major business segments in developed and emerging markets in the Americas, Australia, Asia and Europe.

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Other directorships and offices (current and recent):

  • Former Managing Director and Chief Executive Officer of Amcor Limited (from July 2005 to April 2015).
  • Advisory Board member of American Securities Capital Partners LLC (since January 2016).
  • Advisory Board member of Adamantem Capital (since September 2016).
  • Former Senior Adviser to McKinsey & Company (from January 2016 to June 2017).

Board Committee memberships:

  • Chairman of the Nomination and Governance Committee.
  • Member of the Sustainability Committee.

Our Charter

The BHP Charter describes our purpose and values and how we measure our success. Our Charter is the single most important means by which we communicate who we are, what we do, and what we stand for as an organisation, and is the basis for our decision-making.

We are BHP,
a leading global resources company.

Our purpose is to create long-term shareholder value through the discovery, acquisition, development and marketing of natural resources.

Our strategy is to own and operate large, long-life, low-cost, expandable, upstream assets diversified by commodity, geography and market.

Our Values

  • Sustainability
    Putting health and safety first, being environmentally responsible and supporting our communities.
  • Integrity
    Doing what is right and doing what we say we will do.
  • Respect
    Embracing openness, trust, teamwork, diversity and relationships that are mutually beneficial.
  • Performance
    Achieving superior business results by stretching our capabilities.
  • Simplicity
    Focusing our efforts on the things that matter most.
  • Accountability
    Defining and accepting responsibility and delivering on our commitments.

We are successful when:

  • Our people start each day with a sense of purpose and end the day with a sense of accomplishment.
  • Our teams are inclusive and diverse.
  • Our communities, customers and suppliers value their relationships with us.
  • Our asset portfolio is world-class and sustainably developed.
  • Our operational discipline and financial strength enables our future growth.
  • Our shareholders receive a superior return on their investment.

Code of Business Conduct

Working with integrity

* Please note: You need to be connected to the BHP network to access the tools and resources links within the Code of Business Conduct, or you will receive an error message.

Wherever we operate we do so with integrity – doing what is right and doing what we say we will do. The BHP Code of Business Conduct sets the standard for our commitment to working with integrity and respect and provides guidance for everyone who works for, or on behalf of, BHP.

The Code guides us in our daily work, demonstrates how to practically apply the commitments and values set out in Our Charter and reflects the standards and procedures applicable across BHP.

In 2014, the Code was revised to simplify the language and provide links to further tools and resources if our employees and contractors require further guidance. The links to our GLDs are only accessible if you are connected to the BHP network.

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Raising a business conduct concern

We encourage a workplace where people speak up and ask if they are unsure how to respond to a situation or don’t understand any elements of the Code. We place additional responsibility on our supervisors and managers to ensure their employees and contractors understand and apply the Code in everything they do. Likewise, we urge those outside the company to raise queries and concerns about the business conduct framework that underpins how we do business.

EthicsPoint is the BHP global business conduct advisory service which is available to help resolve business conduct queries and issues. You can contact EthicsPoint by telephone or online, and can choose to remain anonymous. Queries and concerns can also be raised through our business conduct team, in person or by phone, email or post. For further details please refer to page five of the Code of Business Conduct.

 

Governance

Corporate governance underpins the way we conduct business

We are committed to the highest level of governance and strive to foster a culture that values and rewards exemplary ethical standards, personal and corporate integrity and respect for others.

Our corporate governance practices are defined in:

The Board Committees (PDF 26 kb) also operate under specific Terms of Reference including:

Our business operates in accordance with our Core Policies. These include:

Our long-term incentive arrangements for the Executive Leadership Team are governed by the following documents:

Each of our Global Functions and Marketing have clear accountabilities approved by the Company’s Executive Leadership Team. Our Requirements (previously Group Level Documents (GLDs)) give effect to these accountabilities and outline the minimum requirements for all of the organisation. Although these documents are for internal use we have made the HSEC-related elements of several of Our Requirements publically available where we believe they clarify our management approach; and/or where there is a broader community or industry benefit.