Expert Corporate Governance Service (ECGS)
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BHP Group Plc - 17 October 2019

The Company operates as a Dual Listed Company (DLC). BHP Group plc is incorporated
and listed in the UK while BHP Group Ltd is incorporated and listed in Australia.
There are two external shareholder resolutions led by the Australasian Centre for
Corporate Responsibility (ACCR). Co-filers of the resolutions are Australia’s Vision
Super, the Netherlands’ ACTIAM, Denmark’s MP Pension and the Church of England
Pensions. This proposal calls the BHP Group to suspend its membership of industry
associations whose lobbying activities are not in line with the goals of the Paris Climate
and, thus, with the BHP commitments.
The remuneration policy is proposed to a binding vote. While the proposed changes
improve the executive remuneration, we recommend contesting the resolution. The vote
against will force the company to take into consideration the excessive level of the CEO’s
pay and reconsider the link between pay and performance. Despite the poor
performance of the financial target, the CEO’s total remuneration highly exceeds both UK
FTSE 100 and the sector median.

BHP Group Plc

BHP Billiton is a resources company. Co. extracts and processes minerals, oil and gas, primarily in Australia and the Americas. Co. operates four reportable segments: Petroleum, which is engaged in the exploration, development and production of oil and gas; Copper, which is engaged in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron Ore, which is engaged in the mining of iron ore; and Coal, which is engaged in the mining of metallurgical coal and energy coal. Co.'s Petroleum unit comprises conventional and unconventional oil and gas assets, and includes exploration, development and production activities.


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