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Company Directory

Company Directory - Glencore plc

Company Details - Glencore plc

Glencore plc Logo

Glencore plc

Website

Baar, Switzerland

LSE: GLEN, HKEX: 0873, JSE: GLN 

ISIN: GB00B5BMR087

Glencore plc is a global mining and commodities trading company that produces and markets a wide range of commodities, including metals, minerals, energy products and agricultural goods. It is known for its integrated operations that include mining, refining and marketing, and operates some of Europe’s best refineries.

CCI Score

CCI Score: Glencore plc

-33.06

0.02%

Latest Event

Force Majeure at Altnorte Refinery Amid Tariff Turmoil

Glencore PLC declared force majeure at its Altnorte refinery in Chile as rising U.S. copper tariffs under President Trump's protectionist measures disrupt global markets. The event underscores the company's exposure to economic shocks driven by authoritarian trade policies, while Glencore itself does not endorse such measures.

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TOADIE

Glencore plc 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

  • Force Majeure at Altnorte Refinery Amid Tariff Turmoil Logo
    MAR
    31
    2025

    Glencore PLC declared force majeure at its Altnorte refinery in Chile as rising U.S. copper tariffs under President Trump's protectionist measures disrupt global markets. The event underscores the company's exposure to economic shocks driven by authoritarian trade policies, while Glencore itself does not endorse such measures.

  • Glencore's Involvement in Trilateral Minerals Deal for Ukraine's Recovery Logo
    MAR
    24
    2025

    Experts have called for a trilateral minerals deal that would secure Ukraine’s critical resources, highlighting the role of major companies like Glencore in enhancing supply chain security and promoting sustainable investment as a countermeasure to authoritarian influences.

  • Allegations of Workplace Safety and Environmental Damage at Glencore Logo
    JAN
    01
    2025

    An NGO report has raised serious allegations regarding unsafe workplace conditions and environmental damage linked to Glencore's operations, suggesting potential systemic neglect of labor rights and human safety across its global sites.

  • -70

    Labor Relations and Human Rights Practices

    March 24

    The NGO report details alleged abuses in workplace safety and environmental harm at various Glencore operations. These allegations indicate a disregard for labor rights and ethical standards, contributing to a negative impact on workers and separate communities. Such practices can be seen as implicitly supporting authoritarian exploitation and lack of accountability in global business practices.

    NGO reports raise allegations against Glencore over workplace safety & environmental damage

  • Glencore Lobbying Activity and Political Influence Logo
    DEC
    31
    2024

    In 2024, Glencore spent $770,000 on lobbying as detailed by OpenSecrets. This lobbying activity suggests a deliberate effort to influence public policy and regulatory decisions in ways that may support authoritarian tendencies by prioritizing corporate interests over democratic accountability.

  • -60

    Political Contributions and Lobbying Efforts

    March 24

    Glencore's substantial lobbying expenditure of $770,000 in 2024 reflects a focused attempt to shape political agendas and regulatory frameworks. From a left-leaning perspective, such political contributions and lobbying efforts often serve to perpetuate the influence of corporate money in politics, undermining democratic values and potentially bolstering authoritarian policies. This activity is therefore rated negatively as it exemplifies corporate complicity in the erosion of public accountability.

    Glencore Ltd Issues Lobbied • OpenSecrets

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

    Reports have emerged detailing serious human rights, environmental, and social abuses by Glencore in its mines in Peru and Colombia. Advocacy reports allege environmental pollution, displacement and health risks to Indigenous communities, and ethical breaches despite the company’s public commitments. Moreover, significant financial backing from European banks is seen as indirectly perpetuating these harmful practices.

  • -80

    Business Practices and Ethical Responsibility

    March 24

    Glencore has been accused of severe human rights violations and environmental abuses in its mining operations in Peru and Colombia. Issues include air and water pollution, land and indigenous rights violations, and failure to obtain free, prior and informed consent from affected communities. Such practices severely undermine ethical business responsibilities, reinforcing allegations of complicity in oppressive and abusive practices.

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

  • -50

    Economic and Structural Influence

    March 24

    The reports also highlight Glencore's extensive financial ties with major European banks despite its documented record of abuses. The continued flow of funds and loans supports operations that are implicated in systemic violations, reflecting a problematic economic collaboration that indirectly sustains harmful practices.

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

  • Glencore under fire for human rights abuses and corruption Logo
    JUN
    15
    2023

    An analysis by the Business & Human Rights Centre reveals that Glencore has faced over 70 allegations of human rights abuses, including poor working conditions, corruption, and bribery practices. These actions raise serious ethical concerns about its role in the battery material supply chain for companies like Tesla.

  • -60

    Public and Political Behavior

    March 24

    Glencore's documented cases of bribery, market manipulation, and political interference have undermined public trust and democratic accountability, reflecting negatively on its public and political behavior.

    Tesla battery material supplier tops list of human rights abuses for second year in a row

  • -80

    Business Practices and Ethical Responsibility

    March 24

    With over 70 allegations of human rights abuses and poor labor conditions, Glencore exhibits severe ethical shortcomings in its business practices, directly impacting worker rights and community wellbeing.

    Tesla battery material supplier tops list of human rights abuses for second year in a row

  • -70

    Economic and Structural Influence

    March 24

    Glencore's involvement in systemic bribery, market manipulation, and subsequent fines underscores its negative economic influence and complicity in undermining regulatory frameworks that uphold fair economic practices.

    Tesla battery material supplier tops list of human rights abuses for second year in a row

  • Glencore Lobbying and Political Engagement Logo
    JAN
    01
    2023

    Glencore outlines its Group Political Engagement Policy which emphasizes transparency, disclosure, and adherence to internal standards in its lobbying efforts. However, from an anti-fascist perspective, such active lobbying and political engagement can be seen as a means for corporate influence that may ultimately undermine democratic processes.

  • -20

    Political Contributions and Lobbying Efforts

    March 24

    Glencore's public disclosure of its political engagement and lobbying policy, while presented as transparent and principled, still represents an exertion of corporate power within political processes. From an anti-fascist lens, this active lobbying can enable the protection of corporate interests over broader democratic accountability, hence receiving a negative score.

  • Glencore Lobbying Practices and Political Engagement Logo
    JAN
    01
    2023

    Glencore’s publicly available lobbying policy outlines a framework for transparent and responsible engagement with government representatives and industry bodies. Despite these guidelines emphasizing disclosure and ethical conduct, the active involvement in lobbying raises concerns from an anti-fascist perspective, as corporate lobbying continues to be a tool for influencing policy in ways that can undermine democratic processes and potentially support authoritarian outcomes.

  • -20

    Political Contributions and Lobbying Efforts

    March 24

    While Glencore emphasizes adherence to rigorous disclosure, anti-corruption, and transparency standards in its lobbying practices, the fact that the company actively engages in lobbying means it continues to exert influence over public policy. From an anti-fascist perspective, even regulated political lobbying can contribute to corporate interference in democratic processes, thereby indirectly supporting authoritarian practices.

    Lobbying - Glencore

  • Corruption, Bribery, and Human Rights Abuses Allegations Against Glencore Logo
    AUG
    05
    2022

    On May 24, 2022, Glencore pleaded guilty to bribery, corruption, and market manipulation by paying $1.1 billion in fines. The case also highlights a long record of human rights abuses in its operations in Africa and South America, including allegations of child labor, forced relocations, environmental pollution, and hazardous working conditions.

  • -70

    Public and Political Behavior

    March 24

    Glencore's documented bribery and corruption to influence government processes demonstrate a significant level of public and political misconduct, undermining the rule of law and democratic accountability.

    Accountable for Corruption, But Not For Human Rights Abuse: The Case of Glencore

  • -80

    Business Practices and Ethical Responsibility

    March 24

    Glencore's widespread engagement in corrupt business practices—including bribery, market manipulation, and failure to address egregious human rights abuses in its supply chains—represents a profound breach of ethical responsibility.

    Accountable for Corruption, But Not For Human Rights Abuse: The Case of Glencore

  • -60

    Economic and Structural Influence

    March 24

    The economic influence exerted by Glencore through alleged collusion with oppressive regimes and its role in financing activities that facilitate structural abuses contributes to systemic injustices in regions where it operates.

    Accountable for Corruption, But Not For Human Rights Abuse: The Case of Glencore

  • Glencore Admits to Billions in Fines for Corruption Logo
    JUN
    21
    2022

    Glencore, a global mining and commodities trading giant, admitted to engaging in widespread bribery and corruption across multiple countries between 2007 and 2018. These unethical practices, including paying over $100 million in bribes, have not only resulted in significant fines but also demonstrate a systemic disregard for ethical business practices that undermine democratic governance.

  • -50

    Public and Political Behavior

    March 24

    Glencore's corrupt practices have compromised the integrity of political institutions by bribing officials in several countries, thereby distorting fair political processes and endorsing unethical governance. This behavior undermines democratic accountability and facilitates environments where authoritarian practices can take root.

    Billions in Fines for Corruption, and Glencore Admits Guilt - Public Eye

  • -90

    Business Practices and Ethical Responsibility

    March 24

    Glencore's admission to widespread bribery and manipulation of oil prices, including the payment of over $100 million to secure favorable outcomes, exemplifies a severe breach of ethical business practices. This not only damages public trust but also indirectly supports authoritarian regimes by normalizing corrupt behavior in global business operations.

    Billions in Fines for Corruption, and Glencore Admits Guilt - Public Eye

  • Glencore Guilty Pleas to Foreign Bribery and Market Manipulation Schemes Logo
    MAY
    24
    2022

    Glencore admitted guilt in a series of foreign bribery and market manipulation schemes spanning over a decade, resulting in hefty fines, criminal forfeitures, and enhanced compliance measures. The case highlights deep-seated unethical business practices that undermined democratic institutions and market integrity.

  • -60

    Public and Political Behavior

    March 24

    Glencore's corrupt actions, including bribing foreign officials, directly undermine public trust and democratic processes. Such behavior can influence political outcomes and erode the integrity of public institutions, indirectly bolstering authoritarian practices.

    Glencore admitted guilt in relation to foreign bribery and schemes involving market manipulation

  • -80

    Business Practices and Ethical Responsibility

    March 24

    The admission of guilt for engaging in foreign bribery and market manipulation represents a severe breach of ethical business practices. Glencore's use of intermediaries to conceal corrupt payments highlights a systemic disregard for business ethics, contributing to an environment where authoritarian practices can thrive.

    Glencore admitted guilt in relation to foreign bribery and schemes involving market manipulation

  • -50

    Economic and Structural Influence

    March 24

    Glencore's orchestrated market manipulation, which involved misleading supply and demand dynamics in the oil market, compromised market integrity and contributed to economic instability. Such behavior underscores the company's willingness to leverage its economic influence for illicit gain, indirectly supporting disruptive authoritarian economic practices.

    Glencore admitted guilt in relation to foreign bribery and schemes involving market manipulation

  • Glencore’s Corruption and Bribery Scandal Logo
    MAY
    01
    2022

    Glencore pleaded guilty to foreign bribery and price manipulation, leading to extensive legal settlements and fines in multiple jurisdictions including the DRC, Nigeria, and the UK. The company’s unethical business practices have severely undermined public trust and contributed to systemic corruption.

  • -90

    Business Practices and Ethical Responsibility

    March 24

    Glencore’s admission of paying over $100 million in bribes, engaging in price manipulation, and securing unfair business advantages highlights a profound disregard for ethical business practices. Such actions not only compromised market integrity but also contributed to corruption in resource-rich countries, undermining local governance and public welfare.

    The harms of Glencore’s corruption in the Democratic Republic of Congo and Nigeria

  • -80

    Public and Political Behavior

    March 24

    Glencore's corruption not only represents a failure in ethical business practices but also significantly erodes public trust and political accountability. The company's actions, including its manipulation of contracts and opaque settlements with governments, demonstrate a pattern of behavior that undermines democratic processes and public interests.

    The harms of Glencore’s corruption in the Democratic Republic of Congo and Nigeria

  • Glencore Political Engagement Policy Logo
    JAN
    01
    1970

    Glencore has published its Political Engagement Policy, which emphasizes a transparent, responsible approach to engaging in the political process. The policy underscores their commitment to ensuring that legitimate viewpoints are heard by public decision-makers and reflects adherence to ethical standards in political engagement.

  • +70

    Public and Political Behavior

    March 24

    Glencore's political engagement policy is a proactive measure demonstrating their commitment to operating transparently within the political sphere. By outlining a framework that ensures diverse and legitimate stakeholder views are considered in policy discussions, the company is taking a positive step toward responsible political behavior. This is seen as a beneficial practice from an anti-fascist perspective, as it counters tendencies toward opaque or self-serving political influence.

    Political Engagement Policy

Industries

211120
Crude Petroleum Extraction
212230
Copper, Nickel, Lead, and Zinc Mining
331410
Nonferrous Metal (except Aluminum) Smelting and Refining
424710
Petroleum Bulk Stations and Terminals
331310
Alumina and Aluminum Production and Processing