Glencore discloses against the Global Industry Standard on Tailings Management

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Glencore Baar Head Office
Glencore Baar Head Office

In 2020, the Global Tailings Review, made up of the International Council on Mining and Metals (ICMM), United Nations Environment Programme (UNEP) and Principles for Responsible Investment (PRI), published the new Global Industry Standard on Tailings Management (GISTM). Glencore participated in the development of the GISTM through its membership of the ICMM. 

On 5 August 2020, all ICMM members, including Glencore, committed to implementing the GISTM. In line with the ICMM timetable, today we report on the conformance to GISTM for our tailing storage facilities (TSFs) with ‘Very High’ or ‘Extreme’ Consequence Classifications. 

We have taken a rigorous and technically robust approach to applying the GISTM, which goes beyond self-assessments and includes independent third-party assurance. We welcome the greater transparency it has brought around the management of these important facilities. 

We are pleased with the progress we have made over the last three years. This includes the development of a Tailings Manager Academy, entering into a global agreement for Satellite (InSAR) monitoring, undertaking major engineering works at a number of TSFs, the development of action plans to address identified gaps, establishing detailed roadmaps to conformance and independent assessments by Klohn Crippen Berger (KCB), an engineering, geosciences, and environmental consulting firm with widely recognised expertise in assessing the integrity and safety of TSFs. Third party assurance has also included an independent assessment by Acorn International, an Environment, Social, Governance assurance consulting firm on the social and human rights aspects of the GISTM. 

Based on our ongoing TSF management systems and independent third-party assessments we have in place for our TSFs with ‘Very High’ and ‘Extreme” Consequence Classifications we believe that any gaps in conformance are identified and managed appropriately.  


About Glencore

Glencore is 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 the commodities that support decarbonisation while meeting the energy needs of today.With 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 are supported by a global network of more than 40 offices. Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities.Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.

We recognise our responsibility to contribute to the global effort to achieve the goals of the Paris Agreement by decarbonising our own operational footprint. We believe that we should take a holistic approach and have considered our commitment through the lens of our global industrial emissions. Against a 2019 baseline, we are committed to reducing our Scope 1, 2 and 3 industrial emissions by 15% by the end of 2026, 50% by the end of 2035 and we have an ambition to achieve net zero industrial emissions by the end of 2050.

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