Glencore PLC 2020 AR2
The report outlines Glencore's strategic and financial performance for the fiscal year 2020, highlighting its commitment to responsibly sourcing commodities that enable the transition to a low-carbon economy. The company announced its ambition to achieve a net-zero total emissions footprint (Scope 1, 2, and 3) by 2050, with an intermediate target of a 40% reduction by 2035 on 2019 levels. Despite the challenges of the COVID-19 pandemic, Glencore maintained a flat Adjusted EBITDA of $11.6 billion and successfully reduced its net debt to $15.8 billion, bringing it back within its target range. Additionally, the company joined the Fair Cobalt Alliance to support responsible artisanal mining in the Democratic Republic of the Congo and relaunched its SafeWork program to improve workplace safety.
Company: Glencore PLC
Sector: Mining & quarrying
Country: Switzerland
Year: 2020
Type: AR2
Pages: 250
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Glencore PLC
Annual Report
The report outlines Glencore's strategic and financial performance for the fiscal year 2020, highlighting its commitment to responsibly sourcing commodities that enable the transition to a low-carbon economy. The company announced its ambition to achieve a net-zero total emissions footprint (Scope 1, 2, and 3) by 2050, with an intermediate target of a 40% reduction by 2035 on 2019 levels. Despite the challenges of the COVID-19 pandemic, Glencore maintained a flat Adjusted EBITDA of $11.6 billion and successfully reduced its net debt to $15.8 billion, bringing it back within its target range. Additionally, the company joined the Fair Cobalt Alliance to support responsible artisanal mining in the Democratic Republic of the Congo and relaunched its SafeWork program to improve workplace safety.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees