Positive and Negative Impacts of BHP Billions Business Strategies BHP is a worlds number one mining industry that

operates in almost all countries. In order to compliance with the Global Compact, BHP became member of Global Compact so that all principles can be maintained. Proposed Recommendations Businesses Practices or Approaches from BHP that may be used to achieve compliance to the two principles of the Global Compact. 1. Positive Contribution in terms of education, health and community development to the societies and the working employees in the firm. 2. Building good community relationships 3. Protecting safe and sound environment 4. Creating Sustainable business environment in the mining industries through high end technology and safe working place 5. Enhancement of biodiversity and land management 6. Protecting health issues of employees 7. Engagement in Climate Change 8. Management of material risks in the mines under the ground 9. Use of unconventional resources for power and working activities to retain the natural resources 10. Building Zero Harm culture at each operation activity centre through values, leadership commitment, organizational structures, policies, rules and procedures, behavioral programs, and Interaction Skills. 11. Giving full rights to the employees and members of the firm to discuss propose and take leadership activities in the firm. 12. Working under the legal principles to ensure that none of employees should feel discrimination in the firm.

With BHP, Vale and Rio Tinto also approached these practices to ensure to follow Human Rights and Environment principles to achieve compliance to the two principles of the Global Compact.

Positive Lessons Theses business practices by the BHP, Vale and Rio Tinto learnt that every new approach for the right of the humans (employees and neighbors) and for safe & sustainable environment were proved as beneficial in terms of brand recognition, customer satisfaction, safe and healthy environment, higher turnover, happy life of the employees, and increase in productivity. The motivation and encouragement to the employees of the firm increased many folds, the skilled and trained employees joined because of Zero Harm culture. The relationship among the

employees and the other people became easier and they started to work like team. It became very meaningful lessons to these firms to increase more productivity and team skills in the firm. Negative Lessons The societies did not recognize the importance of the approaches for their own economic, education and health development. There happened wastage of fund allocated for the biodiversity and land management because of enormous resources for the development. The community relationship was limited for the firm and employees worked only for getting all benefits not for the firm. Giving all human rights and importance in the decisions for the firm, employees started to think for them as boss and the work performance got reduce. So these were some lessons that were learnt by these firms from these business principles and approaches. Business Practice Recommendations BHP need to determine business rights based on the organizational structures and the rights of each people based on its position so that in decision making process they can use their power but can not make problems, this will help in retaining the human rights as well as organizational culture. Contribution to the societies in terms of education and health should be done in accordance to the local authorities or should form new independent authority so that there should not be misuse and proper help can be given to the societies. While developing these approaches, the firm must be ensuring that these approaches should not hinder the environmental issues. Benefits for key stakeholders The brand recognition and increase in revenue will be beneficial for the key stakeholders of the business. The relationship with employees and stakeholder gets strong which help in growth of the firm. Employee satisfaction and engagement with the customers will improve the brand of the firm and the growth of the firm. Every key stakeholder to the firm will be benefited in terms of healthy, education and economic development. The decision in the firm will be based on the all suggestion from employees so it will be easier to decide the strategies and everyone will be satisfied will result in more productivity. Challenges The main challenges for the key stakeholders will be to use the resources to develop sustainable environment because for that there will be significant changes to the firm and nearby regions. The implementation of the safety and high end technology in the firm in the mining processes will also be difficult and expensive those need to be bear by the key stakeholders. Control of the business decisions will be critical for the stakeholders as every employees involvement in the decision process of the firm. Implications These new business approaches for the improvement of the Global Compact principles as Human Rights and Environment will result in positive and also improve the firms performance,

employee relations, and increase in productivity, higher revenue generation and brand recognition. The environment will also be safe and sustainable. These recommendations will improve the compliance of two Global Compact Principles and also these will help for Rio Tinto and Vale firm. References BHP Official Website <http://www.bhpbilliton.com/> RIO TINTO Official Website <http://www.riotinto.com/> Vale Official website <www.vale.com/> John Southalan (2011), What are the implications of human rights for minerals taxation? , Resources Policy, Volume 36, Issue 3, Pages 214-226 C. Carlarne, M.H. Depledge (2011), Climate Change, Environmental Health, and Human Rights, Encyclopedia of Environmental Health, Pages 699-707 Bruno Dujardin (1994), Health and human rights: The challenge for developing countries, Social Science & Medicine, Volume 39, Issue 9, Pages 1261-1274 Annabelle Mooney (2012), Human rights: Law, language and the bare human being, Language & Communication, Volume 32, Issue 3, Pages 169-181