TIDMGLEN
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 martin.fewings@glencore.com
Media
Charles Watenphul t: +41 41 709 24 62 m: +41 79 904 33 20 charles.watenphul@glencore.com
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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