Glencore

Glencore

Community score

-2.44 -55
Industry: Metals & Mining
Listing country: United Kingdom
Year added: 2018

Founded in 1974, this company has its headquarters based in Baar, Switzerland, and operates predominantly in commodity trading and mining. With a diverse portfolio of business segments, it deals extensively in metals and minerals such as copper, zinc, nickel, ferroalloys, alumina, aluminum, and iron ore. In the energy sector, its products include coal, oil, and gas. Furthermore, it is also involved in the agricultural market, providing grains, oils, oilseeds, cotton, and sugar. Unlike typical consumer goods companies, it does not have a portfolio of consumer-facing brands due to its focus on commodities. Instead, the company's reach is international, with their commodities and products sold worldwide. Their market is particularly strong in countries with high industrial and manufacturing activities, counting major industrialized, and emerging economies like China, the United States, and the European Union among their most important markets. (Powered by AI)

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Mining operations are a significant source of air pollution, as well as soil and water pollution, having serious effects on people’s health including eye damage, heart disease, premature births, cancer, and others2,3,1;p8,9,12. Nine million (Mn)...

06.11.2020 - Impact Analyst Augustin C. September 25th, 2023
22 ratings

Mining was responsible for 7% of global forest loss as of 20201;p82. Mining activities lead to deforestation and habitat loss, highly impacting biodiversity. Further, mining is responsible for a huge amount of landscape alteration as it removes to...

09.03.2022 - Impact Analyst Abdulmajeed V. May 31st, 2023
40 ratings

As per the ILO, to be gender-balanced, an organization needs 40-60% of either gender1;p12. Women’s underrepresentation negatively affects their earning negotiations, promotions, hiring, etc., impacting their stand in society3. The global mining ...

17.02.2021 - Impact Analyst Andrew A. March 14th, 2023
32 ratings

Corruption is estimated to cost about 5% of the world's gross domestic product1. Around $1Tn is paid in bribes by businesses and individuals per year1. Corruption is a crime that officials commit by abusing their role to procure gain for themselve...

22.10.2020 - Impact Analyst Ardit N. June 23rd, 2022
42 ratings

Mining causes adverse environmental impacts and deteriorates water quality1. The impacts of mining on water quality include acid mine drainage, heavy metal contamination (pollution from arsenic, cadmium, iron, lead, silver, zinc, etc), erosion, an...

14.04.2021 - Impact Analyst Luana L. August 27th, 2024
42 ratings