Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health and safety
• Environment
• Communities
• Compliance
• Human rights

Environmental Achievements

• Completion of a four-year, USD 875 million project to upgrade smelters in Kazakhstan, contributing to a further 30% reduction in SO2 emissions.
• Mopani smelter upgrade in Zambia expected to be completed 18 months ahead of schedule, capturing around 97% of SO2 emissions.

Social Achievements

• Continued focus on contributing to the economic development and well-being of communities surrounding operations.
• Significant investments in schools and key infrastructure in Zambia, including sanitation units and road repairs.
• Mopani Copper Mines' contributions to health in Zambia, including two major ISO 9001-compliant hospitals and a malaria reduction program.

Governance Achievements

• Glencore Corporate Practice (GCP) framework played a significant role in the IPO process.
• Establishment of a full GCP programme with objectives and targets for sustainability performance.

Climate Goals & Targets

Environmental Challenges

• 18 fatalities in 2011, the same as in 2010, highlighting the need for improvement in health and safety.
• Legacy issues from brownfield sites presenting significant challenges and obligations.
• Negative media and NGO attention regarding legacy issues.

Mitigation Strategies

• Commissioned DuPont to assess safety processes and provide expertise and advice.
• Implemented a standardized root-cause analysis for accident investigations.
• Accelerated the upgrading of the Mopani smelter in Zambia.
• Developed a full GCP programme with objectives and targets.

Supply Chain Management

Responsible Procurement

• Preference for local suppliers; procurement value of circa USD 2 billion from 4,220 local suppliers in 2011.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G3.0

Third-party Assurance: Deloitte LLP (limited assurance)

Environmental Metrics

ESG Focus Areas

• Safety
• Environment
• Human rights
• License to operate
• Compliance

Environmental Achievements

• No serious environmental incidents (Glencore and Xstrata)
• Mopani smelter upgrade to achieve 97% SO2 capture rate (planned for significant impact on emissions)

Social Achievements

• $200 million contributed to community investment programs (Glencore and Xstrata)
• Launched "Mujeres a la Carga" initiative to increase female heavy equipment operators at Lomas Bayas mine

Governance Achievements

• Updated statement of values and Code of Conduct rolled out across the combined group
• Glencore Xstrata awarded membership of the Dow Jones Sustainability Index

Climate Goals & Targets

Environmental Challenges

• 27 fatalities at combined operations in 2012
• Environmental incidents (583 at Glencore, 3918 at Xstrata)
• Community complaints (1284 at Glencore, 1530 at Xstrata)
• Artisanal and small-scale mining (ASM) activities near several operations
• Security incidents in the Philippines and Peru

Mitigation Strategies

• Developed SAFEWORK program to improve safety culture
• Implemented risk-based approach to health and safety
• Improved incident investigation processes
• Implemented water management plans in water-scarce regions
• Engaged with communities to address complaints and concerns
• Provided alternative economic opportunities to reduce ASM attraction
• Engaged with local and national governments to address security concerns

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Preference for local suppliers
• Assessment of supplier health, safety, environmental, and community practices

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI G3

Certifications: Null

Third-party Assurance: Deloitte LLP (Glencore); Ernst & Young LLP (Xstrata)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Dow Jones Sustainability Index membership

Environmental Metrics

ESG Focus Areas

• Health & safety
• Waste & effluents
• Local communities
• Our people
• Water
• Air quality
• Climate change
• Indigenous people
• Security & Human rights
• Payments to governments
• Product stewardship

Environmental Achievements

• Completed a $500 million, three-stage upgrade of the Mopani copper smelter in Zambia, capturing 95% of SO2 emissions.
• Zero major or catastrophic environmental incidents.

Social Achievements

• $114 million spent on community investments.
• Mopani was Zambia’s “Company of the Year” for transparency and EITI’s “Best Performer” in Zambia.
• Completed the resettlement of Plan Bonito near our Calenturitas coal mine in Colombia.

Governance Achievements

• Joined the International Council of Mining & Metals (ICMM) and the United Nations Global Compact.
• Updated Code of Conduct and published Group Anti-Corruption Policy.
• Achieved corporate membership of plenary group for Voluntary Principles on Security and Human Rights.

Climate Goals & Targets

Environmental Challenges

• 16 fatalities at Glencore operations in 2014.
• Legacy issues at a small proportion of assets (focus assets) with poor safety cultures.
• Concerns about fossil fuel reserves becoming stranded assets.
• Critical NGO reports published.
• Water scarcity at several assets.
• Managing water surplus from storms and ensuring water quality.
• Illegal intrusion by artisanal miners into concessions in DRC.

Mitigation Strategies

• Launched SafeWork initiative, training 118,000 workers.
• Focused implementation of best practice in safety.
• Addressing legacy safety issues at focus assets.
• Updated Code of Conduct and internal reporting mechanisms.
• Engaging transparently and constructively with critics.
• Developing a Group water strategy.
• Implementing water management plans at high-risk assets.
• Engaging with artisanal miners to offer alternative livelihoods.
• Aligning security practices with the Voluntary Principles on Security and Human Rights.

Supply Chain Management

Responsible Procurement

• Local procurement initiatives, supplier sustainability requirements, due diligence checks on suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products and low-emission technologies

Reporting Standards

Frameworks Used: GRI G3 (A+), ICMM Sustainable Development Framework, UN Global Compact

Certifications: ISO 14001 (at some sites)

Third-party Assurance: Deloitte LLP (limited assurance on selected information)

Awards & Recognition

• Mopani: Zambia’s “Company of the Year”, EITI’s “Best Performer” in Zambia
• Kidd Operations: Tom Peters Memorial Award for environmental reclamation

Environmental Metrics

ESG Focus Areas

• Safety
• Water
• GHG emissions
• Community investment spend
• Human rights
• Product stewardship
• Governance

Environmental Achievements

• No major or catastrophic environmental incidents
• 18% of total energy use from renewables
• Strategic water management framework developed
• 1.4 million tonnes CO2e of fugitive emissions abated from Australian coal operations (39% reduction compared to 2014)
• 749 hectares of land rehabilitated in Australia

Social Achievements

• 52% improvement in lost time injury frequency rate (LTIFR) since 2010
• $94 million spent on community investment
• Reviewed approach to grievance handling against the principles of the United Nations Global Compact
• Over 8 million hours of training for workforce
• Developed a formal Group health management strategy
• 161 local entrepreneurs in South Africa supported with loans, business parks and mentoring
• 47,000+ people helped by healthcare and education programmes in South Africa
• 2,231 people participated in DRC cooperatives, supporting over 22,000 dependents

Governance Achievements

• Revised Code of Conduct rolled out
• ICMM action plan completed
• Substantial implementation of Group HSEC policies and internal assurance programme
• 523 employees dismissed for breaching the Code of Conduct

Climate Goals & Targets

Environmental Challenges

• Falling commodity prices leading to asset closures and job losses
• Supply chain disruptions
• Fatal incidents at operations
• Water scarcity in several operating regions
• Climate change impacts
• Artisanal mining in DRC
• High levels of occupational diseases at Kazzinc

Mitigation Strategies

• Cost control and supply discipline
• Strengthening the safety culture at all assets
• Implementing SafeWork initiative
• Developing a Group water management strategy
• Integrating climate change into business planning
• Promoting alternative livelihoods for artisanal miners in DRC
• Strengthening systems for assessing and monitoring blood lead levels at Kazzinc

Supply Chain Management

Responsible Procurement

• Prioritising local suppliers
• Encouraging partnerships between international and local businesses
• Capacity-building activities for local businesses

Climate-Related Risks & Opportunities

Physical Risks

• Impacts on operations and infrastructure due to climate change

Transition Risks

• Changes to regulatory, technological, economic, and physical environments

Opportunities

• Demand for products used in the transition to a lower-emission economy

Reporting Standards

Frameworks Used: GRI G4 Core Option, ICMM Sustainable Development Framework, UNGC

Certifications: ISO 14001 (at 39% of industrial metals & mineral assets)

Third-party Assurance: Deloitte LLP (limited assurance)

Awards & Recognition

• OEFA awards for good environmental practice (Antapaccay)

Environmental Metrics

ESG Focus Areas

• Health
• Safety
• Environment
• Community and human rights
• Product stewardship
• Climate Change

Environmental Achievements

• 2.2 million tonnes reduction in Scope 1 and 2 CO2 emissions
• 19% of energy needs met through renewable sources
• Strategic water management framework rolled out
• 50% reduction in noise complaints compared to 2014
• No major or catastrophic environmental incidents

Social Achievements

• Nearly 30,000 employees and contractors took part in e-learning on the Code of Conduct
• $84 million spent on initiatives benefitting our communities
• Guidance on the design and implementation of grievance mechanism programmes rolled out
• Community leadership programme and toolkit developed and rolled out
• 17% of our workforce is female

Governance Achievements

• Published our first payments to government report, detailing payments on a project-by-project basis
• Substantial implementation of Group HSEC policies and internal audit programme
• Revised Group HSEC catastrophic hazard audit programme established

Climate Goals & Targets

Environmental Challenges

• 16 fatalities (Safety)
• Not achieved year on year reduction in the number of new cases of occupational disease (Health)
• An environmental incident at the Talovsky Dam, Kazzinc, was classified as a moderate environmental incident with a major reputational impact

Mitigation Strategies

• 50% reduction of Group LTIFR by the end of 2020, against 2015 figure of 1.34
• 50% reduction in TRIFR by 2020 using 2014 figures as baseline
• Continue to implement the corporate HSEC audit programme, focusing on catastrophic hazards and material risks
• Implement the water management framework across the Group and assess assets identified as high-risk for water
• High water risk assets to implement five-year water targets for 2017-2021
• Continue internal and external audit programme for high-risk tailings storage facilities

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Governance
• Safety
• Health
• Catastrophic Hazard Management
• Climate Change
• Water and Effluents
• Waste and Air Emissions
• Human Rights and Grievance Mechanisms
• Community Engagement and Social Commitment Compliance
• Product Stewardship
• Our People
• Compliance

Environmental Achievements

• Zero major or catastrophic environmental incidents
• Reduced Scope 3 GHG emissions from the use of products sold (fossil fuels) from 284 million tonnes CO2e in 2016 to 273 million tonnes CO2e in 2017.
• Implemented energy and carbon reduction project at Boshoek Smelter, potentially reducing Scope 2 emissions by 8% or 60,000 tonnes of GHG annually.
• Raglan Mine's wind turbine delivered savings of over 2.2 million liters of diesel, reducing GHG emissions by 6,250 tonnes.
• Nordenham zinc plant reduced energy consumption, delivering annual carbon savings of 1,400 tonnes of GHG.

Social Achievements

• 27% year-on-year decrease in Lost Time Injury Frequency Rate (LTIFR)
• 24% year-on-year decrease in Total Recordable Injury Frequency Rate (TRIFR)
• 48% decrease in new occupational disease cases (from 89 in 2016 to 46 in 2017)
• Continued rollout of the Community Leadership Programme
• Mopani operation invested over $20 million to establish a training centre in Zambia
• Raglan Mine ran the Tamatumani Program, a recruitment and skills development initiative for local Inuit people in Canada
• Antapaccay copper operation collaborated with local farmers to improve agricultural practices in Peru
• Prodeco coal operations supported educational programs in Colombia
• South African coal business offered training linked to industry needs and non-mining skills
• McArthur River Mine provided on-the-job training and developed a training program with Borroloola school in Australia
• Chad socio-economic analysis led to the construction of a new school in Badila oil block

Governance Achievements

• Published first Modern Slavery Statement
• Implemented group-wide Tailings Management Protocol
• 31,737 employees and contractors completed e-Learning training on Code of Conduct
• 22,872 employees completed anti-corruption training
• Active members of the Partnering Against Corruption Initiative and the Maritime Anti-Corruption Network

Climate Goals & Targets

Environmental Challenges

• Nine fatalities occurred at Glencore assets in 2017
• Contractors were disproportionately involved in fatalities (67% in 2017)
• Ineffective first-level supervision contributed to incidents
• Increased total waste produced in 2017 due to reopening of an Australian coal operation and increased stripping ratios
• Community complaints relating to emissions in Argentina and the Philippines
• Increasing interest in responsible cobalt supply and artisanal mining in the DRC
• Increasing pressure for transparency in the supply chain
• Labor dispute at CEZinc refinery in Canada
• Extended labor dispute at Oaky North mine in Australia

Mitigation Strategies

• Continued implementation of SafeWork program
• Reviewing and reinforcing approach to contractor management
• Establishing internal working group to support supervisors
• Rollout of group-wide Tailings Management Protocol
• Implemented measures to prevent similar incidents and find solutions to situations contributing to high potential risk incidents (HPRIs)
• Implemented extensive air quality control system and alert process at Mount Isa Mines
• Robust due diligence processes to ensure material from artisanal mining does not enter supply chain
• Developing supply chain due diligence policy and management system
• Engaging with European customers, government, and NGOs
• Negotiated new collective agreement at CEZinc
• Employees at Oaky North voted in favor of a new enterprise agreement

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of Conduct
• Group Human Rights Policy
• Developing due diligence process to address human rights risks

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding
• Water scarcity

Transition Risks

• Regulatory changes
• Carbon taxes
• Rising energy prices

Opportunities

• Development of energy-efficient products
• Investment in low-emission technologies

Reporting Standards

Frameworks Used: GRI, UNGC, ICMM

Certifications: Null

Third-party Assurance: Deloitte LLP

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Transition Pathways Initiative Level 4 score
• TSM Leadership Award (Raglan Mine, Kidd Operations)
• John T. Ryan Regional Safety Award (Fraser Mine)
• Agdering Competence Award (Nikkelverk)
• Zambia Chamber of Mines’ Mining Woman of the Year award (Mopani’s Mirriam Mapyapya)
• Zambia’s Mining Company of the Year award (Mopani)

Environmental Metrics

ESG Focus Areas

• Catastrophic hazard management
• Workplace safety and health
• Climate change
• Water and effluents
• Waste and air emissions
• Human rights and grievance mechanisms
• Community engagement and social commitment compliance
• Product stewardship
• Our people

Environmental Achievements

• Reduced Scope 1 and 2 emissions by 9% following the closure and sale of underground coal assets in Australia
• Raglan Mine completed a second high wind turbine, saving around 12,000 tonnes of GHG per annum
• Prodeco coal operations achieved a reduction of 1,500 tonnes of GHG per year through efficiency improvements
• Murrin Murrin nickel operations saved 6,000 tonnes of GHG per annum and reduced energy intensity of the ore leach process by 40%

Social Achievements

• Continued delivery of our Community Leadership Programme
• Spent $95 million on community development programmes
• South African coal business implemented free WiFi in local communities
• Various initiatives supporting local wellbeing, education, and health in different regions

Governance Achievements

• Established a permanent Ethics, Compliance and Culture committee
• Implemented enhanced human rights monitoring and reporting
• Finalised Supplier Standards for enhanced supply chain due diligence

Climate Goals & Targets

Environmental Challenges

• 13 fatalities at managed operations in 2018 (increase from 2017)
• Rise in lost time and total recordable injury frequency rates
• Specific challenges for Glencore and DRC operations (sanctions, new mining code, uranium in cobalt hydroxide)
• Increased Scope 3 emissions due to coal asset acquisition

Mitigation Strategies

• Strengthening efforts to establish a robust safety culture
• Strengthening safety leadership, risk management, and SafeWork program implementation
• Implementing collision avoidance and fatigue monitoring technologies
• Developing longer-term targets for reducing greenhouse gas emissions intensity
• Developing and implementing a self-assessment risk analysis tool for climate change risks
• Addressing DRC challenges through negotiation and legal action
• Implementing a new supply chain due diligence program

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Standards
• Due diligence processes

Climate-Related Risks & Opportunities

Physical Risks

• Extreme flooding
• Droughts
• Changes in rainfall patterns
• Gradually rising temperatures

Transition Risks

• Regulatory changes
• Carbon taxes
• Changes to energy mix

Opportunities

• Development of energy-efficient products and processes
• Investment in assets resilient to climate change

Reporting Standards

Frameworks Used: GRI, ICMM, UNGC

Certifications: Null

Third-party Assurance: Deloitte LLP

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Catastrophic hazard management
• Workplace safety and health
• Climate change and energy
• Water
• Land stewardship
• Responsible sourcing
• Human rights
• Responsible citizenship
• Our people

Environmental Achievements

• Reduced Scope 1 and 2 emissions intensity by 9.7% compared to 2016 baseline
• Zero major or catastrophic environmental incidents
• 80% of sites implemented Water Management Guideline

Social Achievements

• US$90 million spent on community development programmes
• Improved water-related community complaints by 30%
• Launched Vivo Seguro (I live safe) safety culture program at Prodeco

Governance Achievements

• Established a new Board committee, the Ethics, Compliance and Culture (ECC) Committee
• Published a Review of our industry organisations’ positions on climate change
• Published first human rights report

Climate Goals & Targets

Environmental Challenges

• 17 fatalities at managed operations
• Increased number of new occupational disease cases (106)
• Unacceptable safety performance
• Tragic incident at Kamoto Copper Company (KCC) operation in DRC resulting in 30 fatalities
• Security incident at Antapaccay copper mine in Peru
• US Department of Justice investigation

Mitigation Strategies

• Fatality reduction interventions at Mopani and Kazzinc
• Deep dive review of SafeWork at challenging assets
• Group-wide fatality reduction programme
• Updated protocols for TSF management, ground/strata failure, energy isolation, working at height and electrical safety
• Launched publicly available TSF microsite
• Independent human rights review at Antapaccay
• Continued cooperation with relevant authorities

Supply Chain Management

Supplier Audits: 5,579 suppliers screened against environmental criteria and 5,680 suppliers on social criteria

Responsible Procurement

• Supplier Standards
• Risk-based due diligence
• OECD Due Diligence Guidance

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards, core option, UNGC, ICMM

Third-party Assurance: Deloitte LLP

Environmental Metrics

ESG Focus Areas

• Climate Change
• Safety
• Community Engagement
• Responsible Sourcing
• Human Rights
• Diversity & Inclusion

Environmental Achievements

• Reduced Scope 1, 2, and 3 emissions; 13.2% reduction in Scope 1 and 2 emissions intensity compared to 2016 baseline. 40% reduction target by 2035.
• Reduced total Scope 3 emissions from 343 million tonnes CO2e in 2019 to 271 million tonnes CO2e in 2020.
• Increased renewable energy share to 13.3% of total energy use (2019: 12.5%).
• Established a global working group to develop internal targets for biodiversity and land rehabilitation.

Social Achievements

• Spent $95 million on community development programs and Covid-19 support (2019: $90 million).
• Joined the Fair Cobalt Alliance to improve artisanal mining practices in the DRC.
• Reduced total recordable injury frequency rate (TRIFR) to 2.65 (2019: 2.86) and lost time injury frequency rate (LTIFR) to 0.94 (2019: 0.99).
• Launched a Group-wide internal communications campaign on Purpose and Values.

Governance Achievements

• Strengthened internal due diligence management system for supply chain.
• Rolled out risk-based supply chain due diligence program to cobalt and nickel marketing teams.
• Reviewed and updated Group Human Rights Policy and developed a human rights risk rating tool.
• Revised Group Human Resources policies to ensure alignment with strategy.

Climate Goals & Targets

Environmental Challenges

• Eight fatalities at managed operations in 2020.
• Covid-19 pandemic impacting operations and supply chains.
• Lower demand and prices for coal and oil.
• Geopolitical risks and regulatory changes.
• Supply chain disruptions.
• Climate change related risks (physical and transition).

Mitigation Strategies

• Implemented enhanced fatality reduction program and overhauled SafeWork program.
• Developed a Global Infectious Disease Response Plan and Community Support Fund.
• Implemented cost efficiencies and production adjustments.
• Active engagement with governments and stakeholders.
• Developed alternative sourcing strategies.
• Set ambitious emission reduction targets (40% by 2035, net-zero by 2050).

Supply Chain Management

Responsible Procurement

• Group Supplier Standards
• OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Water scarcity

Transition Risks

• Regulatory changes
• Carbon pricing
• Decreased demand for fossil fuels
• Litigation

Opportunities

• Increased demand for transition metals

Reporting Standards

Frameworks Used: GRI

Environmental Metrics

ESG Focus Areas

• Catastrophic hazard management
• Health and safety
• Climate change
• Water
• Land stewardship
• Human rights
• Responsible citizenship
• Responsible sourcing and supply
• Our people

Environmental Achievements

• Reduced total emissions (Scope 1, 2, and 3) by 5% versus 2020.
• Reduced Scope 3 emissions by 6% versus 2020.
• Renewable energy sources delivered 13.4% of total energy needs (up from 13.3% in 2020).
• Recovered around 40,000 tonnes of copper, 77,000 ounces of gold, 1.4 million ounces of silver, 15,000 ounces of palladium, and 6,000 ounces of platinum from electronic scrap and other recycling feeds.
• Rehabilitated 1,720 hectares of land (2020: 3,118 hectares).

Social Achievements

• Launched updated Group Health and Safety Policy and new Health Standard.
• Relaunched and implemented a strengthened SafeWork framework.
• Spent US$68 million on community investment programmes (2020: $95 million).
• Lowered Lost Time Injury Frequency Rate (LTIFR) to 0.83 (2020: 0.94) and Total Recordable Injury Frequency Rate (TRIFR) to 2.4 (2020: 2.7).
• Reduced new cases of occupational disease to 109 (2020: 124).

Governance Achievements

• Revised internal climate change governance framework.
• Rolled out Group-wide new and revised Group policies.
• Implemented the new Global Tailings Standard.
• Completed succession of senior business management team.
• Renewed the Board with new Independent Non-Executive Directors.

Climate Goals & Targets

Environmental Challenges

• Four fatalities at operations in 2021.
• Supply chain disruptions due to the global pandemic.
• Geopolitical challenges, including Russia's invasion of Ukraine.
• Scope 3 emissions representing over 90% of total carbon footprint.
• High water-related risks at 33% of industrial sites.

Mitigation Strategies

• Relaunched SafeWork framework to eliminate fatalities.
• Developed and implemented a more streamlined and consistent approach to Group policy architecture.
• Implemented additional satellite monitoring services across industrial assets.
• Increased engagement with key equipment manufacturing suppliers and customers to improve understanding of emissions within the value chain.
• Developed water management strategies to maximize efficient and sustainable use of water resources.

Supply Chain Management

Supplier Audits: 5,814 suppliers screened against environmental criteria, 5,767 against social criteria.

Responsible Procurement

• Risk-based due diligence on supply chain, Supplier Standards (to be renamed Supplier Code of Conduct), Responsible Sourcing Policy.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products, carbon solutions, green metals supply.

Reporting Standards

Frameworks Used: GRI, ICMM

Certifications: Null

Third-party Assurance: Deloitte LLP

UN Sustainable Development Goals

• Not disclosed

Glencore’s business activities support the delivery of the United Nations Sustainable Development Goals agenda.

Sustainable Products & Innovation

• Natur-AlTM aluminium, green cobalt

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate change
• Water
• Land stewardship
• Biodiversity
• Human rights
• Responsible citizenship
• Responsible sourcing and supply
• Health and safety
• Ethics and compliance
• Our people
• Just Transition

Environmental Achievements

• Recorded zero major or catastrophic environmental incidents
• Scope 1, 2 and 3 emissions were 370 million tonnes CO2e during 2022 (2021: 392 mt CO2e, (restated)).
• 1,863 hectares of land rehabilitated (2021: 1,459)

Social Achievements

• Spent $90 million on community investment programmes (2021: $67 million)
• Recorded a decrease in the number of new cases of occupational disease, 97 cases (2021: 109).

Governance Achievements

• Reached resolutions with the US, UK, DRC and Brazilian authorities regarding investigations.
• 76.28% of shareholders voted in favour of the 2021 Climate Progress Report.

Climate Goals & Targets

Environmental Challenges

• Russia's invasion of Ukraine generated dislocations in global energy markets.
• Supply challenges in coal due to underinvestment, mine disruptions, weather, logistics, high energy costs, project delays, and community protests.
• Growing interest and scrutiny in responsible sourcing.
• Contractor safety performance.

Mitigation Strategies

• Directing capital expenditure to transition metals portfolio.
• Responsibly managing down energy production portfolio.
• Risk-based supply chain due diligence.
• Implementing SafeWork 2.0 framework.
• Developing and implementing improvement plans for contractor management.

Supply Chain Management

Responsible Procurement

• Risk-based due diligence across metals and minerals supply chain.
• Supplier Code of Conduct.
• Responsible Sourcing Policy and Standards.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding
• Water scarcity

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards, ICMM

Certifications: ISO 14001, ISO 45001

Third-party Assurance: Deloitte LLP

Awards & Recognition

• BIBO 2022 award for Cerrejón's nursery network.
• Peru's National Society of Mining, Petroleum and Energy 2022 Sustainable Development Awards for Antapaccay's human rights program.

Environmental Metrics

ESG Focus Areas

• Climate change
• Safety
• Responsible sourcing
• Human rights
• Community relations
• Diversity, Equity and Inclusion
• Ethics and Compliance
• Transparency
• Tailings Dam Management
• Water Management
• Land Management
• Biodiversity
• Just Transition

Environmental Achievements

• Reduced Scope 1 and 2 market-based industrial emissions by 7% to 27.0 million tonnes CO2e in 2023 (compared to 29.2 million tonnes in 2022). Overall Scope 1, 2 and 3 emissions are down 22% compared to the restated 2019 baseline.
• Met the ICMM’s 5 August 2023 deadline for GISTM disclosures on TSFs with a ‘Very High’ and ‘Extreme’ Consequence Classification.
• Finalised the assessment of material water-related risks and set local water targets for industrial assets located in water-stressed areas.

Social Achievements

• Reduced Total Recordable Injury Frequency Rate (TRIFR) by 3% and Lost Time Injury Frequency Rate (LTIFR) by 10% compared to 2022.
• Increased percentage of female employees to 18% in 2023.
• No strikes lasting longer than a week.

Governance Achievements

• Launched a refreshed responsible sourcing programme for procurement of goods and services.
• Successfully passed LME and LBMA responsible sourcing assessments for various refineries.
• Independent compliance monitors commenced work in mid-2023.

Climate Goals & Targets

Environmental Challenges

• Four occupational fatalities in 2023.
• Lower commodity prices (coal, cobalt, nickel, zinc).
• Oversupply in cobalt and nickel markets.
• Ongoing investigations by Swiss and Dutch authorities.
• Increased number of new occupational disease cases (162 in 2023 vs 101 in 2022).

Mitigation Strategies

• Continued implementation of SafeWork framework.
• Investment in transition-enabling commodities.
• Cooperation with compliance monitors.
• Strengthened definitions for occupational disease indicators for better reporting.
• Implementation of Glencore Exposure Action Levels (GEALs) for prioritised health hazards.

Supply Chain Management

Responsible Procurement

• Responsible Sourcing Policy
• Supplier Code of Conduct
• Risk-based supply chain due diligence programme aligned with OECD Due Diligence Guidance

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (floods, hurricanes, droughts)
• Changes in rainfall patterns, temperature, and storm frequency
• Water availability
• Flooding of tailings storage facilities

Transition Risks

• Regulatory and policy developments (carbon taxes, emissions caps, energy regulation)
• Carbon import taxes
• Climate-related litigation
• Increased regulatory scrutiny
• Market changes due to decarbonisation
• Energy costs
• Substitution of products
• Reputational risks

Opportunities

• Increased demand for transition metals
• Development of low-emission technologies
• Carbon marketing opportunities

Reporting Standards

Frameworks Used: GRI, TCFD

Third-party Assurance: Deloitte LLP