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GLN - 2014 Sustainability Report Published
GLENCORE PLC
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
HKSE Share Code: 805HK
ISIN: JE00B4T3BW64
Baar, Switzerland
28 April 2015
2014 Sustainability Report Published
Today, Glencore published its 2014 Sustainability Report
(http://www.glencore.com/sustainability/sustainability-publications/). The report is available as
both a full report, providing detailed content on our performance during the year and our
approach to sustainability, and as a highlights booklet, which provides a succinct overview of
our progress during 2014.
Our 2014 Sustainability Report focuses on the areas of sustainability that have been assessed
to be material to the Group:
- Safety remains our top priority: our immediate goal is to eliminate fatalities and serious
injuries at all of our operations. It is with deep sadness that we report the death of 16
employee and contractors at our operations in 2014. While we recognise that any fatality
is unacceptable, we are encouraged that we have achieved a 40% reduction in the
number of fatalities compared to 2013, and a 42% reduction in our lost-time injury
frequency rate. We are determined to eliminate loss of life completely from our business.
- Engaging with our communities: our business generates significant socio-economic
benefits for the countries in which we operate and for the communities living near to our
assets. During the year, we continued to progress our commitment to deliver positive
benefits to our local communities. We invested around $114 million in initiatives delivering
programmes designed to meet fundamental needs, such as education, health and
infrastructure. In 2014, we launched a project to better understand and manage our total
contribution to social value through employment, procurement, investment in
infrastructure and other activities.
- Protecting human rights: Respect for human rights is core to our how we do business and
we are committed to operating workplaces that are free of discrimination and
harassment. We work with our host communities to improve their knowledge and
understanding of human rights. In 2013, we aligned our security management practices
with the Voluntary Principles on Security and Human Rights. We strengthened our
processes further in 2014 with the publication of detailed guidance on the Voluntary
Principles and implemented the Voluntary Principles in our four operating countries that
we consider to be most at risk. We are proud that during the year Glencore achieved
membership of the Voluntary Principles Initiative, a forum that brings together
representatives from extractive companies, governments and civil society to specifically
address security-related human rights risks.
- Managing environmental impacts: we are aware that our global operations can have both
a direct and indirect impact on the environment. All our operations monitor their
environmental performance, and make continuous efforts to avoid or minimise any
impact. All of our sites work hard to improve operational efficiencies through reducing
energy consumption and implementing measures to mitigate our direct greenhouse gas
emissions.
Commenting on the report, Ivan Glasenberg, Chief Executive Officer, said ‘We take our
responsibilities to our people, to society and to the environment very seriously; these
responsibilities are core to our approach to doing business. Our 2014 sustainability report
demonstrates the progress we have made in developing and rolling out an enhanced
sustainability strategy that is integrated with our business ambitions and reflects our
commitment to value creation. We are pleased that this progress has been recognised by
Glencore gaining membership during 2014 of the International Council of Minerals and Metals,
the United Nations Global Compact and the Voluntary Principles Initiative.’
For further information please contact:
Sustainability:
Michael Fahrbach Pam Bell
t: +41 (0) 41 709 2571 t: +44 20 7412 3471
m: +41 (0) 79 908 9460 m: +44 7799 626 715
e: michael.fahrbach@glencore.com e: pam.bell@glencore.co.uk
Investor:
Paul Smith Martin Fewings Elisa Morniroli
t: +41 (0) 41 709 2487 t: +41 (0) 41 709 2880 t: +41 (0) 41 709 2818
m: +41 (0) 79 947 1348 m: +41 (0) 79 737 5642 m: +41 (0) 79 833 0508
e: paul.smith@glencore.com e: martin.fewings@glencore.com e: elisa.morniroli@glencore.com
Media:
Charles Watenphul Pam Bell
t: +41 (0) 41 709 2462 t: +44 20 7412 3471
m: +41 (0) 79 904 3320 m: +44 7799 626 715
e: charles.watenphul@glencore.com e: pam.bell@glencore.co.uk
www.glencore.com
www.youtube.com/glencorevideos
Glencore is one of the world’s largest global diversified natural resource companies and a major producer
and marketer of more than 90 commodities. The Group's operations comprise of over 150 mining and
metallurgical sites, oil production assets and agricultural facilities.
With a strong footprint in both established and emerging regions for natural resources, Glencore's
industrial and marketing activities are supported by a global network of more than 90 offices located in
over 50 countries.
Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation,
oil and food processing. We also provide financing, logistics and other services to producers and
consumers of commodities. Glencore's companies employ around 181,000 people, including contractors.
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.
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