Futureye Real solutions to real dilemmas

BHP Billiton

Robust scenarios for proactive climate change strategy development

2008 

The brief:

BHP Billiton (BHPB), in developing a whole-of-company long-term climate change strategy, required a set of robust scenarios that would broaden staff perceptions of the issue and, thus, effectively frame a two-day climate change strategy workshop themed “Managing risks and seizing opportunities in a carbon constrained world.”

Our solution:

Futureye worked with BHPB’s global practice leader on climate change to develop background and presentation materials for the workshop. The materials communicated the key trends and uncertainties that ‘interact’ to create four 2030 scenarios. In order to deliver this in the short time-frame, Futureye truncated its scenario development process into a five-step process and assembled an expert project team consisting of leading Australian experts of minerals economics, climate change, climate change law, emissions trading markets, and social license issues.

During this process, Futureye developed and implemented a unique methodological innovation that integrated stakeholder and actor analysis and scenario development in one accelerated process. Major current and emerging stakeholder and actor perspectives were researched to inform the scenario team’s understanding of the current global context and key pathways to different plausible 2030 scenarios. 

The result:

BHPB had a set of provocative and equally plausible, 2030 scenarios with which to stimulate more strategic thinking about the significant financial and regulatory implications for climate change. The insights from this process will help to create a whole-of-company long-term climate change strategy.

 

“The scenario planning exercise stretched our thinking and provided new insights into the interrelationships of climate change, energy security and carbon pricing. An exceptional result: 5/5.”


Ed Mongan Global Practice Leader – Climate Change, BHP Billiton