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Glencore

Glencore is an Anglo-Swiss natural resources company, operating primarily in the mining and commodity trading industries. The publicly listed company has six metals, mining and oil production sites where it produces copper, cobalt, zinc, nickel and also markets aluminium and iron ore. Glencore has a presence in 35 countries across five continents. In 2022, the company's revenue was USD 296 billion, and it employed around 140,000 people globally.

Summary

Glencore ranks 29th overall and 19th in the Extractives sector. It performs best on governance and policy commitments and remedies and grievance mechanisms. It has an opportunity to improve its disclosure on human rights practices (38th).

Glencore is one of just four companies who disclose their board level process for reviewing their business model for inherent human rights risks. The company discloses the initial steps of its global due diligence system to identify, assess and mitigate its salient human rights risks. It also discloses its approach to providing remedy for adverse human rights impacts which it has caused or contributed to.

The company has an opportunity to disclose how it evaluates the effectiveness of the actions it takes to mitigate human rights risks. It could also be more transparent about the process and outcomes of its grievance mechanism, including timeframes, escalation strategies, and the number and type of grievances filed and resolved.

Ranking position: #29 /110
Total score: 31.6 /100

Measurement theme	Score	Rank (0-110)
Governance and policy commitments	#1 4.5 /10	#15
Embedding respect and human rights due diligence	#1 8.2 /25	#34
Remedies and grievance mechanisms	#1 7.5 /20	#15
Performance: Practices	#1 6.2 /25	#38
Performance: Responses	#1 5.2 /20	#23

Sector
Extractives	#19

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2020
2022

This company is part of the SDG2000, the 2,000 most influential companies

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