BHP Billiton’s annual reporting suite

BHP Billiton has released its 2014 Annual Reporting suite, reflecting the company’s strong financial, operating and safety performance.

BHP Billiton Chairman, Jac Nasser, commended employees for their commitment to the company’s Charter values, productivity and operating excellence.

Sustainability

Nasser stated: “Our first Charter value is sustainability and we maintain a relentless focus on the health and safety of our people and the communities in which we operate.

“A strong management team and over 123,000 talented employees and contractors in 21 countries have improved safety, increased production and delivered more value for shareholders and all our stakeholders.”

Employee contributions

BHP Billiton CEO, Andrew Mackenzie, said employees had maintained their commitment to sustainability and helped achieve annual production records at 12 operations and across four commodities.

“In a year of record production we had no fatalities at our operated assets and improved our total recordable injury frequency performance by 9 per cent to 4.2 injuries per million hours worked,” Mackenzie said.

“While we are encouraged to have recorded a year without fatalities, we must never rest on past performance. We will continue to relentlessly identify and manage material health and safety risks to protect our people and communities.”

Highlights

• Total recordable injury frequency reduced by 9% with no fatalities at operated assets.
• Revenue up by 2% to US$ 67.2 billion.
• Net operating cash flow increased by 26% to US$ 25.4 billion.
• An increase of 4% in the total dividend per share.
• Sustainable productivity-led gains of US$ 2.9 billion delivered during FY2014.
• Greenhouse gas emissions (CO2-equivalent) reduced by 1.7 million tones.
• US$ 241.7 million invested in community programs, including US$ 100 million to the BHP Billiton Foundation.

Environment, social and governance briefing

Supporting the release of the Sustainability Report, BHP Billiton is also holding an Environment, Social and Governance (ESG) briefing, providing information on the company’s approach to the management of climate change risk, governance, health, safety, environment and community.

Mackenzie said BHP Billiton supported global economic growth and development through the supply of critical natural resources and community investment.

“We support local economies through employment, infrastructure development, taxes and royalties, as well as purchasing local goods and services. We are part of these communities and we strive to be a positive and active participant in community life.”

Climate change?

He said sustainable growth also required an effective response to climate change.

“We accept the Intergovernmental Panel on Climate Change’s assessment that warming of the climate is unequivocal, the human influence is clear, and physical impacts are unavoidable.

“We are taking action by focusing 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.”

Strategic direction

Mackenzie added that the achievements of the last financial year should give shareholders, employees and communities confidence in the company’s strategic direction and risk management.

“Our focus on productivity within the spirit of Our Charter, is delivering ongoing returns for our shareholders, directly benefitting broader society, and supporting our work to respect and protect the environment.

“To our talented and hardworking employees and contractors, it is because of your commitment that we are delivering on our productivity agenda, sustainably and ethically, becoming more competitive and delivering to resource our future,” he concluded.

Adapted from press release by Katie Woodward

Read the article online at: https://www.worldcoal.com/coal/25092014/bhp-billiton-reporting-suite-2014-1354/