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[DOC] Glencore’s First Sustainability Report Merely a Declaration of Intent
The “Glencore Sustainability Report 2010” has not earned its name, because…[it does not] contain…the following elements: credible problem analysis, concrete metrics and indicators, and…concrete measures to reach clear objectives…Instead, individual unverifiable numbers without context and a few assorted charity stories from the PR department are peddled…Instead of striving for more transparency in its own business, Glencore prefers to support international initiatives that scrutinize governments…Thus, in its sustainability report Glencore supports the EITI…But for Glencore, support for the EITI implies no additional obligation for transparency. And misconduct by companies – for example Glencore’s aggressive tax avoidance in Zambia – is neither uncovered nor censured by the EITI.