REG - BHP Group Limited - Resolutions under section 249N

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15/08/2024 10:45

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RNS Number : 6176A  BHP Group Limited  15 August 2024

Exchange release

15 August 2024

 

Resolutions under section 249N of the Corporations Act for consideration at BHP's 2024 AGM

In accordance with ASX Listing Rule 3.17A, BHP Group Limited (BHP) advises
that it has received the attached resolutions for consideration at BHP's 2024
Annual General Meeting under s 249N of the Corporations Act from shareholders
representing less than 0.17% of BHP's shares on issue.

These resolutions have been received ahead of the intended release of BHP's
second Climate Transition Action Plan. BHP has engaged with investors,
including the requisitioning group, in the lead up to releasing this Plan.

BHP's Notice of Annual General Meeting will include the requisitioned
resolutions, the requisitioners' statements of support, and the Board's voting
recommendations and response.

 

 

Authorised for release by Stefanie Wilkinson, Group General Counsel and Group
Company Secretary.

ATTACHMENT

 

Resolution 1

 

To insert into our Company's constitution the following new clause 60A:

 

Member resolutions at general meeting

 

The members in general meeting may by ordinary resolution express an opinion,
or request information about the way in which a power of the Company partially
or exclusively vested in the directors has been or should be exercised.
However, such a resolution must relate to an issue of material relevance to
the Company or the Company's business, and cannot either advocate action which
would violate any law or relate to any personal claim or grievance. Such a
resolution is advisory only and does not bind the directors or the Company.

 

Resolution 2

 

In light of the commercial imperative to be well-positioned as global demand
shifts towards green steel, shareholders request the Company provide
additional disclosures about its plans for Scope 3 emissions reductions from
processing iron ore. In order to enhance market confidence, these disclosures
should address:

 

·      planned expenditure for steel decarbonisation investment over the
forward three years, along with the estimated emissions reduction impact of
each investment

·      the Company's plans for delivering net zero emissions from iron ore
processing by 2050, including timelines, investment priorities, and governance
oversight

·      optimal policy settings that would promote emissions reductions
across the steel value chain.

 

These disclosures should initially be published before the Company's 2025 AGM.
Thereafter, they should be updated alongside company reporting in each year
that material changes are made. This should be undertaken at reasonable cost
and omit commercial-in-confidence information.

 

Nothing in this resolution should be read as limiting the Board's discretion
to take decisions in the best interests of the Company.

 

 Contacts
 Media                                        Investor Relations

 media.relations@bhp.com                      investor.relations@bhp.com
 Australia and Asia                           Australia and Asia

 Gabrielle Notley                             John-Paul Santamaria

 +61 411 071 715                               +61 499 006 018
 Europe, Middle East and Africa               Europe, Middle East and Africa

 Neil Burrows                                 James Bell

 +44 7786 661 683                             +44 7961 636 432
 Americas                                     Americas

 Renata Fernandez                             Monica Nettleton

 +56 9 8229 5357                              +1 (416) 518-6293
 BHP Group Limited

 ABN 49 004 028 077

 LEI WZE1WSENV6JSZFK0JC28

 Registered in Australia

 Level 18, 171 Collins Street

 Melbourne

 Victoria 3000 Australia

 Tel: +61 1300 55 4757 Fax: +61 3 9609 3015

 BHP Group is headquartered in Australia

 bhp.com

 

 

 

 

 

 

 

 

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