Publication of Ethics and Compliance Report 2023

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Glencore - Magareng Chrome Mine - South-Africa
Glencore - Magareng Chrome Mine - South-Africa

Glencore today published its third annual Ethics and Compliance Report in line with our commitment to being a responsible and ethical operator.

Similar to the previous editions, this year’s report provides a detailed overview of our Ethics and Compliance Programme (Programme), including a summary of our approach, our compliance governance and structure and the various systems and processes that we implement to support our Programme.

The 2023 report further includes an update on the work undertaken by the compliance monitors mandated under our resolutions with the United States Department of Justice, which commenced in June 2023.

Kalidas Madhavpeddi, Chairman, said: “The Board and management of Glencore are clear – acting in accordance with our Values, our Code of Conduct, and the law is non-negotiable. When we do so, day-in and day-out, we are able to protect and enhance our reputation as a business partner of choice.”

Gary Nagle, Chief Executive Officer, said: “In the past year, we have continued to enhance our Programme and are working hard to further embed ethics and compliance in each facet of our business, no matter where in the world we operate. We continue to invest significant resources in systems and people towards building, implementing and maintaining a ‘best-in-class’ Programme.”

We are committed to utilising the lessons learned from prior misconduct not only to drive our own focus on ethical business practices, but also to help address the challenge of corruption in the extractive industry.

>> Ethics and Compliance Report 2023 (pdf)


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