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Company Directory - Glencore

Company Details - Glencore

Glencore Logo

Glencore

Website

Zug, Switzerland

LON: GLEN 

ISIN: GB00B0YJ5Z00

150 Locations

Glencore is one of the world's largest commodity trading and mining companies. It operates worldwide, focusing on metals, energy and agricultural commodities, and is involved in every aspect of the supply chain.

CCI Score

CCI Score: Glencore

-38.24

0.07%

Latest Event

Glencore Listed Among Top 100 Conflictive Corporations

A recent study published by researchers at Universitat Autònoma de Barcelona highlights Glencore as one of the 100 most conflictive corporations responsible for 20% of global environmental conflicts. The study links the company's activities to severe social and ecological harms in the Global South, including land dispossession, forced displacement, and adverse impacts on vulnerable communities.

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TOADIE

Glencore is currently rated as a Toadie.

-30 to -44 CCI Score
Companies scoring in this range actively seek to please authoritarian regimes. They offer proactive support and assistance in exchange for preferential treatment, compromising ethical standards for business gains and political favor.

Latest Events

  • Glencore Listed Among Top 100 Conflictive Corporations Logo
    MAY
    22
    2025

    A recent study published by researchers at Universitat Autònoma de Barcelona highlights Glencore as one of the 100 most conflictive corporations responsible for 20% of global environmental conflicts. The study links the company's activities to severe social and ecological harms in the Global South, including land dispossession, forced displacement, and adverse impacts on vulnerable communities.

  • Alleged Environmental and Human Rights Abuses in Latin America Logo
    DEC
    27
    2023

    Multiple reports have alleged that Glencore's mining operations in Peru and Colombia are responsible for significant environmental damage and human rights abuses, including forced displacement of indigenous communities, lack of prior consultation, and contamination of water sources. The financing of these operations by major European banks further complicates their ethical credentials.

  • -60

    Labor Relations and Human Rights Practices

    May 22

    Glencore has been implicated in severe human rights abuses, including forced displacement and violation of indigenous rights in its operations in Peru and Colombia. The reports highlight extensive negative impacts on local communities and environmentally unsound practices, reflecting a disregard for labor relations and human rights.

    Reports allege abuses by Glencore in Peru and Colombia, and the banks funding them

  • -50

    Supply Chain Ethics

    May 22

    The reports also document significant environmental damage and contamination linked to Glencore's operations. The company's failure to engage in responsible sourcing and environmental stewardship, coupled with a disregard for proper consultation with affected communities, raises serious concerns about its supply chain ethics.

    Reports allege abuses by Glencore in Peru and Colombia, and the banks funding them

  • Glencore lobbies for law change to shield controversial CCS project Logo
    FEB
    21
    2023

    Glencore is lobbying the Queensland government to amend environmental legislation in order to preempt legal challenges to its carbon capture and storage project. The proposal includes measures that could force landholders to host infrastructure such as pipelines, raising concerns about regulatory capture and undermining judicial oversight.

  • -50

    Political Contributions and Lobbying Efforts

    May 22

    Glencore's active lobbying to amend laws that govern environmental protections and legal review processes is an attempt to reduce oversight and secure a favorable regulatory environment for its controversial carbon capture project. Such actions can be seen as promoting an authoritarian policy approach, undermining environmental and community safeguards.

    Coal giant Glencore pushes for law change to prevent 'legal challenges' to carbon project

  • -30

    Regulatory Capture

    May 22

    The proposal to amend environmental regulations to allow forced hosting of pipelines and infrastructure amounts to an effort at regulatory capture. Such measures can erode checks and balances in regulatory oversight, favoring corporate interests over community and environmental well-being.

    Coal giant Glencore pushes for law change to prevent 'legal challenges' to carbon project

  • Glencore Publishes Responsible Lobbying Policy Logo
    JAN
    01
    2023

    Glencore's official web page on Lobbying outlines its commitment to responsible political engagement by maintaining transparency, clear disclosure, and adherence to ethical guidelines in its interactions with government representatives and industry organizations.

  • +70

    Political Contributions and Lobbying Efforts

    May 22

    Glencore's Lobbying policy emphasizes transparent and ethical political engagement, requiring lobbyists to disclose their affiliation and adhere strictly to non-misleading practices. This proactive stance on accountability aligns with anti-authoritarian and democratic values, contributing positively on the Public and Political Behavior front.

    Lobbying - Glencore

  • Glencore Pleads Guilty to Bribery and Market Manipulation Logo
    MAY
    25
    2022

    Glencore pleaded guilty to multiple bribery charges and market manipulation across several jurisdictions, including the US, UK, and Brazil, and has agreed to pay penalties totaling $1.5 billion. The case highlights extensive unethical business practices involving bribes to secure preferential access to oil in countries such as Cameroon, Ivory Coast, Nigeria, and others.

  • -80

    Business Practices and Ethical Responsibility

    May 22

    Glencore's guilty plea to bribery and market manipulation underscores a pattern of unethical business practices. By engaging in bribery to secure preferential oil deals, the company not only compromised fair market practices but also contributed to corruption that can erode democratic accountability and support authoritarian economic mechanisms.

    Glencore to plead guilty to bribery charges and pay $1.5bn penalty

  • CFTC Orders Glencore to Pay $1.186 Billion for Market Manipulation Logo
    MAY
    24
    2022

    The CFTC issued an order against Glencore for engaging in manipulative and deceptive conduct over a period spanning from at least 2007 to 2018, including market manipulation, fraud, bribery, and corruption in oil benchmarks, resulting in a penalty of $1.186 billion.

  • -80

    Business Practices and Ethical Responsibility

    May 22

    Glencore's actions, as detailed in the CFTC order, reveal a pattern of unethical business practices including market manipulation, fraud, bribery, and corrupt payments, which severely undermine market integrity and raise serious ethical concerns regarding corporate behavior.

    CFTC Orders Glencore to Pay $1.186 Billion for Manipulation and Corruption

  • Glencore Guilty Pleas for Corrupt Business Practices Logo
    MAY
    24
    2022

    Glencore pleaded guilty to engaging in a longstanding scheme of foreign bribery and market manipulation, resulting in over $1.1 billion in penalties. The resolution of FCPA and market manipulation cases underscores deep-seated issues of corporate corruption and compromised executive decision‐making.

  • -75

    Business Practices and Ethical Responsibility

    May 22

    Glencore's guilty plea for engaging in prolonged bribery and price manipulation demonstrates a systemic failure in ethical business practices. These actions undermine market integrity and public trust, highlighting corporate misconduct that runs counter to principles of accountability.

    Glencore Entered Guilty Pleas to Foreign Bribery and Market Manipulation Schemes

  • -70

    Executive Political Engagement

    May 22

    The plea agreement highlighted that top executives were involved and even encouraged the corrupt practices, which exacerbates the undermining of legal and democratic frameworks. Such executive complicity further signals a disregard for ethical and transparent governance.

    Glencore Entered Guilty Pleas to Foreign Bribery and Market Manipulation Schemes

  • Allegations of Global Workers' Rights Abuses by Glencore Logo
    JAN
    01
    2018

    An NGO report presented to the UN Human Rights Council alleges that Glencore systematically violates workers' rights across its global operations. The report details issues including substandard safety equipment, inadequate living conditions, and the casualisation of the workforce in countries such as Bolivia, Zambia, and the Democratic Republic of Congo.

  • -80

    Labor Relations and Human Rights Practices

    May 22

    The report documents serious labor rights abuses such as inadequate safety measures and exploitative employment practices, reflecting a systematic disregard for worker human rights in Glencore's operations.

    NGO report to UN Human Rights Council details allegations of workers' rights abuses by Glencore around the world

Corporate Financials

Revenue
2021
$270.00B
Total Assets
2021
$120.00B
Operating Income
2021
$45.00B
Total Equity
2021
$30.00B

Employees: 160,000

Industries

212230
Copper, Nickel, Lead, and Zinc Mining
331110
Iron and Steel Mills and Ferroalloy Manufacturing
331410
Nonferrous Metal (except Aluminum) Smelting and Refining
424720
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)