We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
CEO of Glencore South Africa and COO of Glencore Coal are on Minerals Council's board (Up to date August 2022)
Japie Fullard, Murry Houston
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior Executive of subsidiary of Glencore is on the council of CM
Murray Houston
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
CEO of Glencore South Africa and COO of Glencore Coal are on Minerals Council's board (Up to date August 2022)
Japie Fullard, Murry Houston
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior Executive of subsidiary of Glencore is on the council of CM
Murray Houston
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior Exec is on the Board of Directors (MAC website, up to date August 2022)
Alexis Segal
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior executive of Glencore is on the board of MAC
Kristan Straub
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior Exec is on the Board of Directors (MAC website, up to date August 2022)
Alexis Segal
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior executive of Glencore is on the board of MAC
Kristan Straub
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is a member of Energy Intensive Users Group of Southern Africa, and has a non-executive representative on the board of directors (EIUG website, up-to-date August 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is a member of Energy Intensive Users Group of Southern Africa, and has a non-executive representative on the board of directors (EIUG website, up-to-date August 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore executive is director of NSW Mineral Councils' board of directors (NSWMC website, up-to-date August 2022)
Mr Mick Buffier
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is a direct member of the NSW Minerals Council through its coal business segment. (Up to date 18th Feb 2020)
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A subsidiary of Glencore is a direct member of the NSW Minerals Council
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore executive is director of NSW Mineral Councils' board of directors (NSWMC website, up-to-date August 2022)
Mr Mick Buffier
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is a direct member of the NSW Minerals Council through its coal business segment. (Up to date 18th Feb 2020)
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A subsidiary of Glencore is a direct member of the NSW Minerals Council
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Matt O'Neill (COO of Glencore Copper Assets) is the vice president of QRC (QRC website, as of August 2022)
Matt O'Neill
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A senior executive of Glencore is a director on QRC's board (up to date 18th Feb 2020)
Ian Cribb
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A senior executive of Glencore is a QRC Vice-President
Mike Westerman
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Matt O'Neill (COO of Glencore Copper Assets) is the vice president of QRC (QRC website, as of August 2022)
Matt O'Neill
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A senior executive of Glencore is a director on QRC's board (up to date 18th Feb 2020)
Ian Cribb
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A senior executive of Glencore is a QRC Vice-President
Mike Westerman
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Earl Melamed, Head of Glencore's Global Coal Assets, is on the MCA Board of Directors (Updated as of November 2022)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior executive of Glencore is on the MCA Board of Directors (MCA website, up-to-date August 2022)
Mr Earl Melamed
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior executive of Glencore is Senior vice Chair of MCA
Peter Freyberg
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Earl Melamed, Head of Glencore's Global Coal Assets, is on the MCA Board of Directors (Updated as of November 2022)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior executive of Glencore is on the MCA Board of Directors (MCA website, up-to-date August 2022)
Mr Earl Melamed
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior executive of Glencore is Senior vice Chair of MCA
Peter Freyberg
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is a member of Eurometaux (Eurometaux website, up-to-date August 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is a member of Eurometaux
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is a member of Eurometaux (Eurometaux website, up-to-date August 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is a member of Eurometaux
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Astron Energy, a Glencore subsidiary, holds the chair of the SAPIA Advisory Committee for Climate Change and also has a representative on the Board of Governors (2021 Climate Report and SAPIA website, up-to-date August 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Astron Energy, a Glencore subsidiary, holds the chair of the SAPIA Advisory Committee for Climate Change and also has a representative on the Board of Governors (2021 Climate Report and SAPIA website, up-to-date August 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is one of 45 members of the EUAA (EUAA website, up to date August 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is one of 45 members of the EUAA (EUAA website, up to date August 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is a direct member of AIGN (Up to date as of February 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is one of 24 direct members of AIGN (AIGN website, up-to-date August 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is a direct member of AIGN (Up to date as of February 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is one of 24 direct members of AIGN (AIGN website, up-to-date August 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore International is a business member of Cefic (CEFIC website, up-to-date January 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore International is a business member of Cefic (CEFIC website, up-to-date January 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore's Nordenham zinc smelter in Germany is a member of VCI (Up to date as of March 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is a member of VCI
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore's Nordenham zinc smelter in Germany is a member of VCI (Up to date as of March 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is a member of VCI
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is a member of Confindustria (Glencore Climate Report 2022, March 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore is a member of Confindustria (Glencore Climate Report 2022, March 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore lists membership to CMEWA in its 2022 industry association review, through Minara Resources, the operator of Glencore's Murrin Murrin nickel mine in Western Australia (WA) (March 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Glencore lists membership to CMEWA in its 2022 industry association review, through Minara Resources, the operator of Glencore's Murrin Murrin nickel mine in Western Australia (WA) (March 2023)
not specified
--no extract--
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Climate Lobbying Overview: Glencore appears broadly unsupportive of immediate action on climate change, and continues to support a sustained role for coal in the energy mix. Glencore also retains membership to a network of industry associations which engage negatively on various strands of climate change policy.
Top-line Messaging on Climate Policy: Glencore appears broadly supportive of climate action in its top-line communications. In its 2021 Climate Report, published in December 2021, Glencore supported emissions reductions in line with the temperature goals of the Paris Agreement. Further, on its corporate website, accessed in August 2022, the company supported limiting temperature rise to well-below 2°C. In its 2021 Sustainability Report, published in April 2022, Glencore stated that the global response to climate change should pursue “twin objectives” of limiting temperatures in line with the goals of the Paris Agreement, and supporting the UN Sustainable Development Goals, stressing access to affordable energy.
Engagement with Climate-Related Regulations: Glencore appears to have increased its transparent engagement with climate policy in Q3 of 2022. Glencore engaged negatively on Australia’s Safeguard Mechanism (SM) Reforms in a September 2022 consultation response. The company stated that the removal of headroom should be carried out on an individual basis and appeared to not support ‘aggressive’ baseline decline rates. It also supported the direct provision of SMC’s and differential baselines but adding that non-EITE’s should not be disadvantaged. Additionally, in a November 2022 submission on the New South Wales EPA Draft Climate Change Policy and Action Plan, Glencore opposed the proposal to develop sector-wide emissions standards for industry, and advocated for the exclusion of Safeguard Mechanism facilities from any additional emissions limits at the state level.
Further, in a September 2022 joint letter to EU policymakers, Glencore opposed new and ongoing climate and energy policy in EU and stressed costs for industry, and also called for ‘bearable’ prices under the EU Emissions Trading System. Additionally, in its 2021 Climate Report, published in December 2021, Glencore also appeared to support a "pass-through" mechanism for liquid fuels under South Africa's carbon tax, which would weaken the ambition of the policy.
Positioning on Energy Transition: Glencore continues to promote a sustained role for coal in the global energy mix. In a March 2023 Bloomberg article, Glencore CEO Gary Nagle was quoted to have said that coal is a necessary fuel for today, and that it provides “stable base load power, particularly for the developing world”. In a July 2022 Sydney Morning Herald article, the company supported the role of coal in Australia’s economy, global electricity generation, and energy security.
However, Glencore has supported the development of low-emission technologies. The company supported CCS deployment in hard-to-abate sectors, including cement and steel, in its 2021 Sustainability Report published in April 2022. In the same report, Glencore appeared to support the transition from fossil fuels to renewable energy, and the electrification of transport.
Industry Association Governance: Glencore discloses its industry association memberships and has published three reviews of its alignment with these groups on climate change in 2019, 2020, and 2021. Glencore decided to terminate its membership with the World Coal Association in 2022. However, the company retains strong links to several industry associations actively opposed to meaningful climate change policy, including as a director on the board of the Queensland Resources Council, board-membership of the Minerals Council of Australia and The Minerals Council South Africa, and regular membership of the New South Wales Minerals Council.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q4 2022.
A detailed assessment of the company's corporate review on climate policy engagement can be found on InfluenceMap's CA100+ Investor Hub here.