Building for the Future Report Sustainability
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Sustainability Report the future Building for Building for Performance in brief Material topics Additional Information Contact us Where we Performance Chair’s Purpose and Sustainability Stakeholder About this Contents At a glance CEO review operate dashboard introduction sustainability governance engagement report Building for the future Performance in brief Contents page 1 2020 has been a year of change for all of us. Among the At a glance 2 Performance dashboard 3 disruption and the challenges, we have worked to build Chair’s introduction 4 CEO review 6 a strong foundation for the future, launching our new Purpose and strategy 8 net-zero ambition to help us to further drive long-term Sustainability governance 9 ICMM Performance Expectations 12 value and make a positive contribution to society. Stakeholder engagement 13 About this report 16 Material topics Quick links Catastrophic Hazard Management 19 Workplace Health and Safety 24 Climate Change 30 Water 36 Land Stewardship 42 Human Rights 49 Responsible Citizenship 58 Responsible Sourcing and Supply 67 Our people 72 Additional information Commodity department overviews 78 ESG Data 84 Safety Net Zero Human Rights Responsible Citizenship Glossary 144 Our top priority is We have a role to play in We uphold the dignity, We aim to build Assurance Statement 149 to protect the health enabling the transition to fundamental freedoms partnerships to support Important notice 152 and wellbeing of all a low-carbon economy. and human rights of our sustainable development Contact us 153 of our people. people and communities. and growth. Go to page 24 Go to page 30 Go to page 49 Go to page 58 Glencore Sustainability Report 2020 1 Performance in brief Material topics Additional Information Contact us Where we Performance Chair’s Purpose and Sustainability Stakeholder About this Contents At a glance CEO review operate dashboard introduction sustainability governance engagement report At a glance Where we operate We are one of the world’s largest natural resource companies, sourcing the commodities for today’s needs and the low-carbon future. Our values Our Values reflect our purpose, our priorities and the beliefs by which we seek to conduct ourselves and carry out our business activities. They define what it means to work at Glencore, regardless of location or role. Key: Head office Industrial assets Marketing office/other Safety Integrity Responsibility Performance review We never compromise on We have the courage to do We take responsibility for our safety. We look out for one what’s right, even when it’s actions. We talk and listen to Adjusted EBITDA 2020 Revenue1 by region Non-current assets another and stop work if it’s hard. We do what we say others to understand what and segment 2020 by region not safe. and treat each other fairly they expect from us. and with respect. Openness Simplicity Entrepreneurialism We’re honest and We work efficiently and We encourage new ideas straightforward when we focus on what’s important. and quickly adapt to change. communicate. We push We avoid unnecessary We’re always looking for new Business segments The Americas 1 Marketing revenue stated after ourselves to improve by complexity and look for opportunities to create value inter-segment eliminations Marketing Europe sharing information and simple, pragmatic solutions. and find better and safer Industrial Asia encouraging dialogue ways of working. Africa and feedback. Oceania Glencore Sustainability Report 2020 2 Performance in brief Material topics Additional Information Contact us Where we Performance Chair’s Purpose and Sustainability Stakeholder About this Contents At a glance CEO review operate dashboard introduction sustainability governance engagement report Performance Fatalities at New occupational Lost time injury Total recordable injury managed operations disease cases frequency rate (LTIFR) frequency rate (TRIFR) Dashboard (per million hours worked) (per million hours worked) We are saddened to report We recorded a slight increase the loss of eight lives at our in the number of new cases During the year, our lost time During the year, our total operations during 2020, of occupational disease, injury frequency rate was recordable injury frequency We take our responsibilities compared to seventeen 111 cases (2019: 106). slightly lower than the rate was down on the during 2019. All loss of life previous year at 0.94 previous year at 2.6 to our people, to society and is unacceptable and we are (2019: 0.99). (2019: 2.9). to the environment seriously, determined to eliminate fatalities across our business. and align our activities with the relevant international 20 120 1.5 4.5 15 90 1.2 3.6 standards. 0.9 2.7 10 60 0.6 1.8 5 30 0.3 0.9 0 0 0 0 Sustainable Development Goals 20162017 2018 2019 2020 20162017 2018 2019 2020 20162017 2018 2019 2020 20162017 2018 2019 2020 Our business is aligned with Read more on page 25 Read more on page 25 Read more on page 25 Read more on page 25 the United Nations Sustainable Development Goals (SDGs) agenda. Elements of our work 1 impact each of the SDGs, but Water withdrawn Total energy Carbon emissions Community 3 we also focus our efforts on (million m ) (petajoules) intensity investment spend those which we believe align (tGHG/tCu) (US$ million) In 2020, we withdrew 1,027 Our total energy use at our most closely with our strategic 3 million m of water (2019: 1,017 operated assets was 180Pj We have exceeded our 2020 In 2020, we spent $95 million priorities. Within this document, 3 million m ). The small increase (2019: 210Pj). Renewable target of reducing Scope 1 on community development we have also indicated where we in withdrawn water is primarily energy sources delivered and 2 emissions intensity by programmes, of which $19 believe specific SDGs align with due to improving the 13.3% of our total energy 5% compared to the 2016 million was spent on Covid-19 the data supplied, although this calculation methodology at a needs (2019: 12.5%). baseline, with a 13.2% related initiatives smelter that utilises seawater reduction achieved. (2019: $90 million). is not exhaustive. for cooling purposes. 1200 300 4.5 100 900 225 3.6 80 2.7 60 600 150 1.8 40 300 75 0.9 20 0 0 0 0 20162017 2018 2019 2020 20162017 2018 2019 2020 20162017 2018 2019 2020 20162017 2018 2019 2020 Read more on page 37 Read more on page 33 Read more on page 33 Read more on page 59 2016 data includes Viterra, formerly known as Glencore Agriculture; 2017–2020 data excludes Viterra. 1 Water withdrawn includes precipitation directly or indirectly captured in our water dams and ponds, as well as precipitation that requires treatment ahead of discharge to meet applicable discharge limits. Glencore Sustainability Report 2020 3 Performance in brief Material topics Additional Information Contact us Where we Performance Chair’s Purpose and Sustainability Stakeholder About this Contents At a glance CEO review operate dashboard introduction sustainability governance engagement report I am pleased to introduce Glencore’s The Fund initially prioritised assistance to “The majority of our earnings Chairman’s 2020 Sustainability Report, which covers local health authorities and community our performance and activities for a year organisations to help with the immediate comes from the metals and introduction during which we saw significant changes impacts of the crisis, such as access minerals that enable the around the world due to the global to clean water, hygiene products and transition to a low-carbon pandemic. medical equipment. Going forward we will identify and support initiatives that economy” The rapid spread of the Covid-19 virus support the recovery from the short and and the changes it brought to our daily long-term impacts of the pandemic. lives significantly impacted governments, I am pleased to report that both corporates and individuals. The safety of Safety departments began to show our people and our host communities Despite improvements to our safety an improvement in their safety is always our top priority. I am proud of performance, I am saddened by the loss performance during 2020. the rapid response we have put in place of eight lives at our operations during the at Glencore, to adapt our business and year. It is unacceptable that any person Announcing our longer-term Paris- protect and support our people and loses their life in a Glencore workplace aligned target and ambition communities. Our comprehensive and and we continue our efforts to eliminate The majority of our earnings comes from flexible approach enabled our operations fatalities across our business. the metals and minerals that enable to respond appropriately to local needs the transition to a low-carbon economy. As we reported in our 2019 Sustainability “I am proud of the rapid and expectations. We are also identifying opportunities to Report, we have identified assets response we have put in contribute to the global effort to achieve In April, we announced a US$25 million within our zinc and copper commodity the goals of the Paris Agreement by place at Glencore, to adapt Glencore Community Support Fund. We departments that present the greatest decarbonising our own operational our business and protect designed the Fund to be flexible and safety challenges in the Group. During footprint. and support our people and responsive to short-term immediate the year, these two departments communities.” needs, while recognising that there may presented ‘safety cases’ to the Board In 2017, we set a target of reducing our be longer-term social impacts. The Fund HSEC Committee, on which I sit. The Scope 1 and 2 emissions intensity by complements existing efforts by our safety cases describe the actions they 5% by 2020 against a 2016 baseline.