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Glencore publishes 2018 sustainability report

Glencore has published its 2018 sustainability report in alignment with the reporting requirements of the Global Reporting Index.

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The mining company said that its 2018 sustainability report focuses on the material topics that have the potential to have the greatest impact on its business activities.

 

“We have also included sections on the efforts each of our commodity businesses are undertaking to drive the integration of sustainability at an operational level,” explained Glencore.

 

This year’s report has a statement from Peter Coates, the chairman of the Board’s HSEC committee, which gives an overview of the committee’s work during the year.

 

The company has also expanded its disclosure on the external organisations in which it participates. The firm said it was proud of the progress in its sustainability performance that its assets and business made during the year.

 

Some of the highlights include:

  • The publication of a climate change position statement, to further its commitment to the transition to a low-carbon economy.
  • A 9% reduction in Scope 1 and Scope 2 emissions.
  • Year-on-year decrease in occupational diseases.
  • The finalisation and group-wide rollout of Glencore’s new water management guideline.
  • Continued work through the company’s dam safety assurance programme to maintain the structural integrity of our tailing storage facilities.
  • The ongoing monitoring and identification of reduction opportunities for emissions.
  • A formalised approach to supply chain management through the finalisation of its Supplier Standards, which will be implemented during 2019.
  • Zero major or catastrophic environmental incidents.
  • Participation in a Swiss government-led advisory group to develop guidance for commodity trading companies on implementing the United Nation’s Guiding Principles on Business and Human Rights.
  • US$95M spent on community investments.
  • Participation in the development of various external responsible sourcing frameworks.

“We recognise that we still face a number of challenges and we are focusing our efforts to continue to advance our performance,” stated Glencore.

 

“Our safety performance was particularly challenging during 2018 and into the first quarter of 2019. We are committed to establishing a sustainable culture of safety in our workplaces and continue to believe that all fatalities, injuries and occupational diseases are preventable.

 

“Over the coming weeks we will also be publishing standalone reports on human rights and water as well as our annual payments to government report and modern slavery statement.”

 

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