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Glencore

Member of UN Global Compact

Headquarters in Switzerland

Glencore website

Glencore merged with Xstrata in May 2013 to form Glencore Xstrata, then rebranded as Glencore in 2014. Please see the Xstrata section for items about Xstrata prior to May 2013.

Supporter of Extractive Industries Transparency Initiative

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Article
12 April 2011

Tax Evasion in Zambia: NGOs File Complaint Against Glencore, First Quantum for Violation of OECD Guidelines

Author: SHERPA [France], Centre for Trade Policy and Development [Zambia], Berne Declaration [Switzerland], Entraide Missionnaire [Canada], MiningWatch [Canada]

SHERPA (France), the Centre for Trade Policy and Development (Zambia), the Berne Declaration (Switzerland), l’Entraide Missionnaire (Canada) and MiningWatch (Canada) have filed a complaint today against Glencore International AG and First Quantum...

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Article
4 May 2011

Greed Inc: A special investigation into pollution, dubious tax practices and exploitation of African workers at Glencore

Author: Ruth Sunderland & Rob Davies, Daily Mail [UK]

In Zambia…Glencore is accused of manipulating its financial accounts…to reduce its tax bill…inhabitants of Mufulira…claim that sulphur pollution…is poisoning the air and water. Glencore counters by saying it has improved its environmental record and...

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Article
1 June 2011

EIB freezes Glencore lending on governance concerns

Author: BBC News

The European Investment Bank (EIB) has frozen all new loans to commodities trading giant Glencore and its subsidiaries, citing "serious concerns" over the group's corporate governance. In 2005 the EIB provided a $50m…loan to Mopani Copper Mines, a...

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Article
6 June 2011

Zambia Tax Body Demands More Taxes From Mopani Copper Mines

Author: Dow Jones Newswires

Zambia's state tax body has asked...Mopani Copper Mines [part of Glencore] to pay more taxes...after auditors hired by the government detected discrepancies in its returns...A company spokeswoman in Zambia couldn't immediately comment. Mopani has in...

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Article
12 June 2011
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Author: Christophe Le Bec, Jeune Afrique

Les ONG locales et internationales, les syndicats ou les élus africains...n’hésitent plus à aller en justice [contre les entreprises pour leurs impacts néfastes sur les populations]. Dernier exemple retentissant : le 12 avril, cinq ONG...ont déposé une...

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Article
18 June 2011

'Transparency' hides Zambia's lost billions

Author: Khadija Sharife, in Al Jazeera

African nations such as Zambia are often seen as grossly corrupt. Yet it is corporate tax "avoidance" on the part of mining companies that costs the nation hundreds of millions annually, while lining the pockets of middle-men in countries such as...

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Article
21 June 2011

Cambodia's oil must not be the slippery slope to corruption and catastrophe

Author: Julian Boys, Economic Justice Researcher at Christian Aid in Guardian [UK]

Cambodia's discovery of oil raised hopes of faster development for the country – but also fears that the "resource curse" might strike again…[L]ocal campaigners are racing to prevent Cambodia going the same way as…Nigeria, where the industry has...

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Story
1 July 2011

Tax avoidance "as big an issue as sweatshops" says ActionAid at launch of report on how companies can commit to "Tax Responsibility"

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Article
1 July 2011

[PDF] Tax responsibility: The business case for making tax a corporate responsibility issue

Author: ActionAid, FairFood, FairPensions

[A] growing number of businesses and investors are concluding that there is a business case for viewing tax planning through a CR lens. Drivers include the increase in public scrutiny of corporate tax avoidance, and a renewed effort to tackle tax...

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Article
7 September 2011

Glencore reveals record of fatalities and environmental fines

Author: Leo Hickman, Fiona Harvey, Guardian [UK]

Mining and commodities giant Glencore has suffered dozens of fatalities and been subject to six-figure fines for environmental breaches, the company revealed...Glencore and its majority-owned operations suffered 56 fatalities in the 2008-10 period...

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