The BHP Billiton Foundation works with leading civil society organisations and international institutions to promote responsible governance of natural resource wealth. Good governance supports broader sharing of benefits from sustainable and inclusive development which is funded by taxes and royalty payments from the resources sector.
Through the Natural Resource Governance program, the BHP Billiton Foundation is investing in projects that aim to reduce the potential for corruption and bribery across the entire resource value chain – from initial exploration, development and extraction, to the sale and delivery of commodities to customers. These projects will work to provide citizens with access to information that shows the flow of funds related to natural resources in their country.
While transparency underpins good governance, citizens must also be able to understand the data in the public domain as it empowers them to hold institutions to account. Providing more data alone is not sufficient, so the work of the Foundation supports purposeful transparency as a powerful tool to drive positive social change.
The Natural Resource Governance program is aligned to the following UNSDGs: