Modern Slavery Statement 2022
Energising Advancing
today tomorrow
Our approach | Identifying and addressing risks | Additional information | |
Our commitment to addressing modern slavery
Progress during 2022
• Following a review of our responsible |
sourcing programme, we revised and |
rebranded our Supplier Standards as the |
Supplier Code of Conduct. |
• We launched the Supplier Code of |
Conduct, which defines our requirements |
and expectations for our suppliers and |
how they work with us. The Code |
strengthens our commitments in relation |
to modern slavery and child labour and |
• We are meeting emerging customer |
expectations and retaining market access |
by meeting the London Metal Exchange's |
and London Bullion Market Association's |
deadlines for re-registration of our brands, |
both of which require compliance with the |
OECD DDG. |
• We conducted an annual review of our |
responsible sourcing risk assessment tool, |
which identifies relevant conflict-affected |
and high-risk areas (CAHRAs) based on |
risks relating to human rights, conflict, and |
Introduction
Glencore plc is committed to preventing the occurrence of modern slavery and human trafficking in our operations and supply chains. Our 2022 Modern Slavery Statement (Statement) serves as a voluntary Statement under the UK Modern Slavery Act 2015 (UK Act) and a joint Statement under the Australian Modern Slavery Act 2018 (Cth) (Australian Act).
For the purposes of this Statement, we have considered the definitions of modern slavery in both the UK and Australian Acts, which cover various forms of exploitation including:
- slavery, servitude and forced or compulsory labour;
- human trafficking;
- sexual exploitation and forced marriage;
- child labour;
- deceptive recruiting practices; and
- debt bondage.
Board approval
This Statement has been approved by the Board of Glencore plc and is signed on its behalf by Kalidas Madhavpeddi, Chair of the Board, on behalf of all Glencore Group (Group) reporting entities under the Australian Act1 and of all Group entities, which carry on business in the UK for the purposes of the UK Act.
Kalidas Madhavpeddi
Chairman
30 June 2023
1 Glencore's reporting entities under the Australian Act are listed in the 'Additional Information' section below.
This document has not been prepared as financial or investment advice or to provide any guidance in relation to our future performance. Refer to the Important notice concerning this Statement, including in relation to forward looking statements, on page 31.
• | includes a new section on climate change. |
We launched a new Responsible Sourcing | |
Policy, which sets out our commitments | |
to responsible sourcing for goods, services, | |
metals, and minerals. Our refreshed | |
responsible sourcing programme, | |
launched in mid-2022, will support the | |
• | practical implementation of the Policy. |
The Responsible Sourcing Policy is | |
implemented through our Responsible | |
Sourcing Standard which defines the | |
mandatory minimum requirements for | |
identification, assessment and | |
management of key responsible sourcing | |
risks associated with our suppliers of | |
• | goods, services, metals, and minerals. |
We continued to conduct our existing | |
supply chain due diligence of our goods | |
• and services providers. |
governance. |
Find out more: glencore.com
Our approach
Introduction | 2 |
Board approval | 2 |
Progress during 2022 | 2 |
CEO introduction | 3 |
UK and Australian Modern Slavery | 4 |
Act Statement | |
Our business | 5 |
Our supply chains | 8 |
Identifying and addressing risks
Identifying and assessing risks | 10 |
Addressing risks | 18 |
Measuring our effectiveness | 24 |
Consultation | 25 |
Planned actions for 2023 | 25 |
Additional information
Australian reporting entities | 26 |
Glossary | 29 |
Important notice | 31 |
Contact us | 32 |
Glencore Modern Slavery Statement 2022 | 2 |
Our approach | Identifying and addressing risks | Additional information | |
Chief Executive Officer's introduction
Committed to preventing modern slavery
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.
At Glencore, we recognise the global nature of modern slavery and its long-lasting impacts on affected individuals and communities. We are committed to preventing the occurrence of modern slavery and human trafficking in our operations and supply chains. We do not tolerate child labour, forced, compulsory or bonded labour, human trafficking or any other form of slavery and actively seek to identify and eliminate these practices from our supply chains.
During 2022, in response to an evolving regulatory environment and growing stakeholder expectations, we also launched our new Responsible Sourcing Policy, which is underpinned by our Responsible Sourcing Standard. The Policy and Standard are key elements of our updated responsible sourcing programme, which was launched Group-wide in mid-2022. We are establishing centralised, regional hubs for supply chain due diligence which reflects the elevated risk profile of our responsible sourcing obligations.
We are committed to meeting regulatory requirements for responsible sourcing and supply chain due diligence. In 2022, we met the LME's and LBMA's deadlines for reregistering brands that meet their responsible sourcing requirements.
Gary Nagle
Chief Executive Officer
I am pleased to introduce our 2022 Modern Slavery Statement. We are committed to addressing risks of modern slavery in our organisation and supply chains and our annual Statement sets out our approach, the steps that we have taken and our ongoing efforts in this regard.
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 fundamental Conventions of the International Labour Organization. We set out our position of zero tolerance for modern slavery in our Code of Conduct, Responsible Sourcing Policy and Supplier Code of Conduct.
Our Supplier Code of Conduct sets our requirement for our suppliers to have zero tolerance for any form of modern slavery, forced labour or child labour in their operations or supply chains. Building on our 2019 Supplier Standards, our Supplier Code of Conduct, which was launched in June 2022, sets out our expectation that our suppliers share our commitment to ethical, safe and responsible business practices and support our Values.
We will continue our efforts to responsibly source and supply our products in a manner that identifies and addresses human rights risks, including modern slavery.
Gary Nagle,
Chief Executive Officer
30 June 2023
Glencore Modern Slavery Statement 2022 | 3 |
Our approach | Identifying and addressing risks | Additional information | |
UK and Australian Modern Slavery Act Statement
This is our sixth statement under the UK Act and our third under the Australian Act. It describes the activities we have undertaken to strengthen our processes and better understand and address the risks of modern slavery and human trafficking in our operations and supply chains during both Acts' reporting periods (financial year 1 January to 31 December 2022).
The table below maps the recommended reporting criteria for UK Modern Slavery Act (2015) statements to the mandatory criteria required by the Australian Modern Slavery Act 2018 (Cth). A full list of our Australian entities reporting for the purposes of the Australian Act are set out in the 'Additional Information' section of this Statement.
UK Modern Slavery Act recommended reporting criteria | Australian Modern Slavery Act mandatory reporting criteria | Section | Page |
Identify the reporting entities | Additional Information | 27 | |
The organisation's structure, its business and its supply | Describe the structure, operations and supply chains of the | Structure and operations of our business | 5 |
chains | reporting entity | Our supply chains | |
Describe the risks of modern slavery practices in the | Identifying and assessing risks of modern slavery in our | 8 | |
operations and supply chains of the reporting entity, and | operations and supply chains | ||
any entities that the reporting entity owns or controls | |||
The organisation's policies in relation to slavery | Describe the actions taken by the reporting entity and any | Addressing risks of modern slavery in our industrial assets | 10 |
and human trafficking. | entity that the reporting entity owns or controls, to assess | and supply chains | |
The organisation's due diligence processes in | and address those risks, including due diligence and | ||
remediation processes | |||
relation to slavery and human trafficking in its | |||
business and supply chains | |||
The organisation's training and capacity building | |||
about slavery and human trafficking available to | |||
its staff | |||
The organisation's effectiveness in ensuring that | Describe how the reporting entity assesses the effectiveness | Measuring our effectiveness and performance | 24 |
slavery and human trafficking is not taking place | of such actions | ||
in its business or supply chains, measured against | |||
such performance indicators as it considers | |||
appropriate | |||
Describe the process of consultation with: (i) any entities | Consultation | 25 | |
that the reporting entity owns or controls; and (ii) in the case | |||
of a reporting entity covered by a statement under section | |||
14 of the Australian Act - the entity giving the statement | |||
Include any other information that the reporting entity, or | Next steps | 25 | |
the entity giving the statement, considers relevant | |||
Glencore Modern Slavery Statement 2022 | 4 |
Our approach | Identifying and addressing risks | Additional information | |
Our business
Our global operations
Head office
Marketing office/other
Industrial asset
One of the world's largest natural resource companies | |||
6 | 35 | c140k | >40 |
continents | countries | employees and contractors | offices |
We are one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 60 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 commodities that support decarbonisation while meeting the energy needs of today.
At the end of the reporting period, Glencore had around 140,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources. Our marketing and industrial activities were supported by a global network of more than 40 offices.
Glencore Modern Slavery Statement 2022 | 5 |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Glencore plc published this content on 30 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2023 07:20:05 UTC.