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Glencore PLC (GLEN)

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Thursday 30 June, 2022

Glencore PLC

Glencore publishes 2021 Modern Slavery Statement

RNS Number : 8735Q
Glencore PLC
30 June 2022
 

 

 

Glencore plc

Baar, Switzerland

30 June 2022

 

Glencore publishes 2021 Modern Slavery Statement

 

Today, Glencore published on its website its annual Modern Slavery Statement. We are committed to preventing the occurrence of modern slavery and human trafficking in our operations and supply chains.

The Statement serves as a voluntary Statement under the UK Modern Slavery Act (2015) and a joint Statement under the Australian Modern Slavery Act 2018 (Cth). It sets out our approach, the steps we have taken and are taking, and our commitment to address risks of modern slavery in our organisation and supply chains.

We set out our zero tolerance for modern slavery in our Code of Conduct, Supplier Code of Conduct and Group Human Rights Policy. We are signatories to the United Nations' Global Compact, a set of principles covering human rights, labour, environment and anti-corruption. We operate in accordance with local laws and relevant international frameworks, including the Core Conventions of the International Labour Organization.

During 2021 we took steps to strengthen our approach to responsible sourcing:

· We initiated the development of a Group Responsible Sourcing Policy and Standard, Supplier Code of Conduct and a Supply Chain Due Diligence Procedure for metals and minerals.

· We reviewed and updated our tool that identifies conflict and high-risk areas based on risks relating to human rights, conflict, and good governance.

· We rolled out our Group Human Rights and Social Performance Policies, supported by technical webinars to communicate the expectations and requirements.

· We implemented our Group Social Performance Standard, which requires industrial assets to develop a system to receive, investigate, respond to and provide remedy for social performance issues.

· We undertook supply chain due diligence risk assessments, aligned with the OECD Due Diligence Guidance Annex II risks across our zinc, copper, cobalt and nickel operations and supply chains.

· And we implemented our Group Contracting Standard, which requires the inclusion of clauses in our contracts with our metals and minerals suppliers regarding compliance with our relevant supplier standards and provides guidance on how to negotiate such clauses.

We recognise our responsibility to work collaboratively with our business partners, workforce, and external stakeholders to reduce the risks of modern slavery in our operations and supply chains. In addition, consumers are increasingly scrutinising the supply chains of the products they purchase, and we continue to strengthen the measures that we take to provide our customers with assurance that the materials they buy are produced sustainably and ethically.

By taking action to identify and mitigate modern slavery risks, we are also mitigating the risk of related operational disruption that our business could face from the identification of modern slavery.

At Glencore, our Purpose is to responsibly source the commodities that advance everyday life. We are committed to delivering our Purpose in a manner that respects the rights of our workforce, communities, those involved in our supply chains and stakeholders affected by our business.

 

For further information please contact:

Investors

Martin Fewings

t: +41 41 709 28 80

m: +41 79 737 56 42

[email protected]

Media

Charles Watenphul

t: +41 41 709 24 62

m: +41 79 904 33 20

[email protected]

 

www.glencore.com

Glencore LEI: 2138002658CPO9NBH955

Notes for Editors

Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 60 responsibly-sourced commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that enable decarbonisation while meeting the energy needs of today.

Glencore companies employ around 135,000 people, including contractors. With a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 40 offices.

Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities.

Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.

Glencore recognises our responsibility to contribute to the global effort to achieve the goals of the Paris Agreement. Our ambition is to be a net zero total emissions company by 2050. In August 2021, we increased our medium-term emission reduction target to a 50% reduction by 2035 on 2019 levels and introduced a new short-term target of a 15% reduction by 2026 on 2019 levels.

 

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Disclaimer
The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, "Glencore", "Glencore group" and "Group" are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. Likewise, the words "we", "us" and "our" are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

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