GLENCORE PUBLISHES SUSTAINABILITY REPORT 2011

BAAR, Switzerland, 26-11-2012 — /europawire.eu/ —  Glencore International plc today published its second sustainability report. The report evaluates Glencore’s performance in 2011, its progress in contributing to sustainable development and the level of commitment it has shown towards all of its stakeholders. Where appropriate, the report also provides an insight into selected activities carried out in 2012, based on decisions taken in 2011.

Information and data in the report were compiled in line with internationally recognised standards including the Global Reporting Initiative application level A+. Furthermore, key indicators were for the first time subject to limited assurance by Deloitte.

The report discloses, for the first time, Glencore’s Global Corporate Practice (GCP) programme, which includes a complete programme of Group-wide sustainability objectives and targets by which the company intends to drive its performance and measure its progress. This new programme sets out Glencore’s approach to implementing our GCP framework and defines a clear path to fulfilling the Company’s GCP commitments.

Glencore’s highest priority is the health and safety of its workers. As stated at Glencore’s AGM, regrettably 2011 saw 18 fatalities, the same as in 2010. Amongst other activities, the decision to commission DuPont to assess and advise on the health, safety and environmental management at Glencore’s operations underlines the Company’s on-going commitment and determination to improve the health and safety standards for all our employees and contractors.

In 2011, Glencore continued to show its strong commitment to the communities around its operations. For example, in the Democratic Republic of Congo (DRC) the Company invested $8.5 million into community projects focused on infrastructure, health and education. Furthermore, in early 2012 a joint programme was signed with DRC’s national electricity utility, Société Nationale d’Électricité (SNEL), with Glencore contributing $283.5 million to the major
infrastructure refurbishment programme of transmission and distribution systems.

In Zambia, work done at Mopani to upgrade the smelter will result in Glencore’s SO2 capture programme completing 18 months ahead of the target initially agreed with the Zambian government. On completion, the $2 billion project will capture c. 97% of all SO2. On a smaller scale, Mopani completed the construction of 2,667 sanitation units in a residential area, helping to dramatically improve living conditions. Mopani also commenced a $10.5 million project to repair two key roads crucial for economic growth in the region.

Ivan Glasenberg, Chief Executive Officer of Glencore International plc, said:

“Sustainability is a core focus across the Group and this report demonstrates our commitment to the people working for Glencore, our customers, the environment and to the communities in which we operate. As we expand our footprint, we will work hard to put in place the right structure and programmes so that we continuously improve at all our operations.”

The sustainability report can be found at:
http://www.glencore.com/documents/Sustainability_Report_2011.pdf

For further information, please contact:

Paul Smith (Investors)
t: +41 (0)41 709 2487
m: +41 (0)79 947 1348
e: paul.smith@glencore.com

Charles Watenphul (Media)
t: +41 (0) 41 709 2462
m: +41 (0) 79 904 33 20
charles.watenphul@glencore.com

Finsbury (Media)
Guy Lamming
Dorothy Burwell
t: +44 (0)20 7251 3801

Elisa Morniroli (Investors)
t: +41 (0) 41 709 2818
m: +41 (0) 79 833 05 08
elisa.morniroli@glencore.com

EDITOR'S PICK:

Comments are closed.