Our Commitment to Addressing Modern Slavery Statement Slavery Modern Our Approach Addressing Risk Additional Information Contact Us
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Modern Slavery Statement modern slavery to addressing to Our commitment Our commitment Our approach Addressing risk Additional Information Contact us Legal Our Our supply Introduction Our business requirements commitment chains Introduction Our approach Introduction 1 Glencore plc is committed to preventing the occurrence of Legal requirements 2 Our commitment 3 modern slavery and human trafficking in our operations and Our business 3 Our supply chains 5 supply chains. This Statement serves as a voluntary Statement Addressing risk under the UK Modern Slavery Act 2015 (UK Act) and a joint Business risks 8 Statement under the Australian Modern Slavery Act 2018 (Cth) Supply chain risks 14 1 Operational risks 19 (Australian Act). Effectiveness 23 Consultation 26 For the purposes of this Statement, we have considered We set out our commitment to zero tolerance for modern Next steps 27 the definitions of modern slavery in both the UK and slavery in our workplaces and supply chains in our Code Board approval 28 Australian Acts, which cover various forms of exploitation of Conduct, Supplier Standards and in our Group Human including: Rights Policy: Additional information • slavery, servitude and forced or compulsory labour; • We do not tolerate child labour, any form of forced, Australian entities 30 compulsory or bonded labour, human trafficking or any Important notice 31 • human trafficking; other form of slavery and actively seek to identify and Contact us 32 • sexual exploitation and forced marriage; eliminate them from our supply chains. • child labour; • We promote fair recruitment and employment practices • deceptive recruiting practices; and so that all work is voluntary and fairly compensated. • debt bondage. This annual statement sets out our approach to modern slavery, the steps we have taken and are taking, and our These terms are also defined and recognised under commitment to address risks of modern slavery in our international law. organisation and supply chains. Modern slavery is a global concern with long-lasting impacts on affected individuals and communities. We recognise our responsibility to work collaboratively with our suppliers, customers, workforce and external stakeholders to increase our understanding of modern slavery risks and the role we can play in seeking to address them where they exist. 1 As discussed in the Board Approval section, Glencore plc approves this Statement on behalf of its Australian reporting entities. Glencore Modern Slavery Statement 2020 1 Our approach Addressing risk Additional Information Contact us Legal Our Our supply Introduction Our business requirements commitment chains The table below maps the recommended reporting criteria for UK Modern Slavery Act (2015) statements to the mandatory UK and criteria required by the Australian Modern Slavery Act (2018). Australian UK Modern Slavery Act Australian Modern Slavery Act mandatory Glencore’s response recommended reporting criteria reporting criteria Modern Slavery Section Act Statement Identify the reporting entities Appendix A The organisation’s structure, its Describe the structure, operations and supply chains of Structure and operations of our business business and its supply chains the reporting entity Our supply chains This is our fifth Statement under the UK Act and our first under the Australian Describe the risks of modern slavery practices in the Identifying and assessing risks of modern slavery in our Act. It describes the activities we have operations and supply chains of the reporting entity, and business undertaken to strengthen our processes any entities that the reporting entity owns or controls and better understand and address The organisation’s policies in relation to Describe the actions taken by the reporting entity and Governance the risks of modern slavery and human slavery and human trafficking any entity that the reporting entity owns or controls, to trafficking in our operations and supply assess and address those risks, including due diligence Supply chain due diligence The organisation’s due diligence and remediation processes chains during both Acts’ reporting processes in relation to slavery and Addressing geographic risk periods (1 April 2020 to 31 March 2021 for human trafficking in its business and Strengthening workforce capacity supply chains the UK Act and 1 January to 31 December The organisation’s training and 2020 for the Australian Act) and sets out capacity building about slavery and the relevant section of this Statement human trafficking available to its staff where the criteria are addressed. The organisation’s effectiveness in Describe how the reporting entity assesses the Effectiveness ensuring that slavery and human effectiveness of such actions trafficking is not taking place 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 that the reporting entity owns or controls; and (ii) in the case of a reporting entity covered by a statement under section 14—the entity giving the statement Include any other information that the reporting entity, or Next steps the entity giving the statement, considers relevant Glencore Modern Slavery Statement 2020 2 Our approach Addressing risk Additional Information Contact us Legal Our Our supply Introduction Our business requirements commitment chains Our commitment to addressing Structure and operations modern slavery of our business Acknowledging that modern slavery While our geographic and product Glencore is one of the world’s largest natural resource companies. We is a real and global concern with long- diversity provides challenges in ensuring employ around 135,000 people across over 35 countries, and produce and lasting impacts on affected individuals the absence of modern slavery within our market more than 60 commodities. and communities, we recognise our supply chains, we do not tolerate child responsibility to work collaboratively labour, any form of forced, compulsory with our suppliers, customers, workforce or bonded labour, human trafficking or and external stakeholders to reduce any other form of slavery and actively the risks of modern slavery in our seek to identify and eliminate them from operations and supply chains. Further, our supply chains. In the event that we consumers are increasingly scrutinising identify either a high-risk supplier or the supply chains of the products they the presence of modern slavery in our consume, and so our customers are supply chains, we would first work with increasingly seeking reassurance that the affected suppliers to improve their the materials they buy are produced practices and safeguards. If these actions sustainably and ethically. By taking action do not bring about sufficient change, we to mitigate modern slavery risks, we are will end the relationship. also mitigating the risk of operational We are signatories to the United Key: disruption that our business could face Nations’ Global Compact, a set of Head office from the identification of modern slavery. principles covering human rights, labour, Industrial assets Marketing office/other We produce and market resources that environment and anti-corruption. We play an essential role in modern life. As operate in accordance with local laws a global company, we are conscious of and relevant international frameworks, the leverage we may have to influence including the Core Conventions of the others, and the important role we can International Labour Organization. play in reducing the exploitation of workers through increasing transparency and accountability in our supply chains. Glencore Modern Slavery Statement 2020 3 Our approach Addressing risk Additional Information Contact us Legal Our Our supply Introduction Our business requirements commitment chains Structure and operations of As a global producer and marketer of commodities, we are uniquely diversified by geography, our business products and activities. The integration of our marketing and industrial businesses sets us apart continued from most of our competitors in creating an enhanced entrepreneurial focus on value generation. Inputs and resources on which our busi- ness model depends ASSETS AND NATURAL RESOURCES • Our resources and reserves feature many long-life and high quality assets • We are a disciplined producer, seeking to align supply with demand and value over Our industrial business Our marketing business volume Our industrial business spans the We move commodities • Our established marketing operations metals and energy markets, from where they are plentiful have global reach and deep understand- producing multiple to where they are needed ing of their respective markets commodities from over 65 assets OUR PEOPLE AND PARTNERS • We have established long-term relation- ships with a broad range of suppliers and customers across diverse industries and Exploration, acquisition and development Logistics and delivery geographies • c.135,000 employees and contractors Our focus on brownfield sites and exploration close Our logistics assets and capabilities allow us to handle spread across over 35 countries in both to existing assets lowers our risk profile and lets us large volumes of commodities, both to fulfil our use existing infrastructure, realise synergies and established and emerging regions for obligations and to take advantage of demand and control costs. supply imbalances. These value added services make natural resources us a preferred counterparty