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Company Response

21 Feb 2020


BHP's response

...BHP is a Founding Member of the Extractives Industry Transparency Initiative (EITI) and is committed to the EITI Principles. BHP has disclosed details of our tax and royalty payments for nearly 20 years. Since Fiscal Year 2015, we also annually release an Economic Contribution Report (ECR) to stakeholders...

PWYP Question 1:...BHP supports the EITI Standard's definition of project-level reporting. We use that definition in developing our annual ECR disclosure, as we both support the Standard and are required to meet it under the European Union Accounting Directive and implementing regulations from the United Kingdom.

PWYP Question 2:...BHP supports use of the EITI Standard's definition of project level reporting in all mandatory and voluntary disclosure regimes; this ensures globally consistent and harmonized financial reporting. BHP had publicly supported the use of the EITI Standard's definition in US disclosure regulations and we will be submitting comments to that effect with the SEC in response to its most recent 1504 rule proposal...