Statement of support
Engagement with the EITI
BHP is a member of the International Council on Mining and Metals (ICMM). The ICMM makes its contribution to the EITI International Secretariat on behalf of all its members.
BHP was a member of the multi-stakeholder group guiding the Australian EITI Pilot. The company was also a member of the multi-stakeholder group in the United States when it implemented the EITI Standard.
The company is committed to supporting and cooperating in the implementation of the country-level EITI work plans as its host countries progress in the implementation of the EITI Standard. James Ensor, Chief Executive Officer, is a member of the international EITI Board 2019 -2021.
BHP has a long-standing commitment to transparency as a means to enhance understanding, build trust and drive accountability. It has disclosed details of its tax and royalty payments for more than 18 years and during that time has continually updated and expanded its disclosures.
The company believes it is critical that the public has confidence in the integrity and administration of tax systems. The 2020 BHP Economic Contribution Report includes disclosure of all BHP payments of taxes and royalties to host governments on a country-by-country and project-by-project basis, together with the disclosure of BHP companies in ‘low-tax’ jurisdictions. This report complies with the European Union Transparency Directive and the Australian Voluntary Tax Transparency Code.
BHP is proud to have received recognition for its corporate transparency from the Building Public Trust in Corporate Reporting Awards 2016. The company also supports measures such as the Organisation for Economic Co-operation and Development’s Base Erosion and Profit Shifting action plan (OECD BEPS), which assist to curb aggressive tax planning.
To learn more about BHP's annual reporting 2020, please visit BHP's website.
The BHP Foundation
The BHP Foundation works with leading civil society organisations and international institutions to promote responsible governance of natural resource wealth. Good governance supports the broader sharing of benefits from sustainable and inclusive development funded by taxes and royalty payments from the resources sector.
Through its Natural Resource Governance Program, the Foundation is investing in projects that aim to reduce the potential for corruption and bribery across the entire resource value chain – from initial exploration, development and extraction, to the sale and delivery of commodities to customers. These projects will work to provide citizens with access to information that shows the flow of funds related to natural resources in their country.
BHP Foundation believes that while transparency underpins good governance, citizens must also be able to understand the data in the public domain as it empowers them to hold institutions to account. Providing more data alone is not enough, so the work of the Foundation supports purposeful transparency as a powerful tool to drive positive social change.