"Furthering our commitment to the transition to a low-carbon economy", 20 Feb 2019

As one of the world’s largest diversified resource companies, Glencore has a key role to play in enabling transition to a low carbon economy. We do this through our well-positioned portfolio that includes copper, cobalt, nickel, vanadium and zinc - commodities that underpin energy and mobility transformation. We believe this transition is a key part of the global response to the increasing risks posed by climate change...To meet the growing needs of a lower carbon economy, Glencore aims to prioritise its capital investment to grow production of commodities essential to the energy and mobility transition and to limit its coal production capacity broadly to current levels. Following engagement with investor signatories of the Climate Action 100+ initiative, we are taking the following steps to further our commitment to the transition to a low-carbon economy:

1. Paris-consistent strategy / capital discipline
2. Public Scope 1 and 2 targets
3. Review of Progress
4. Alignment with Taskforce on Climate-related Financial Disclosures (TCFD) recommendations
5. Corporate climate change lobbying