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Company Response

8 Feb 2021

Response by Glencore

Thank you for providing Glencore with the opportunity to respond to the letter from the Belarusian Coordination Council regarding the purchase of petroleum products from BNK UK Ltd.

Glencore currently has no relationship with BNK UK Ltd and is not transacting with BNK UK.

As the Belarusian Coordination Council notes, Glencore prioritises respect for human rights everywhere that we operate. As laid out in our Code of Conduct and Group Human Rights Policy, we are committed to working in line with the United Nations (UN) Universal Declaration on Human Rights, the UN Guiding Principles on Business and Human Rights (UNGPs) and the UN Global Compact. Our management of security activities is governed by the Voluntary Principles on Security and Human Rights. In addition, our Supplier Standards have strengthened our management of supply chain due diligence to align with the Organization for Economic Cooperation and Development guidelines.

Our responsible sourcing strategy considers production, sourcing of metals and minerals and procuring goods and services. Our policy and standards framework captures our commitments and expectations on ethical business practices, safety, health, human rights and environmental stewardship.

We seek to purchase metals and minerals for processing at our own operations or for our trading activities that meet stakeholder expectations for responsible production. Our Supplier Standards form the base of our robust risk-based supply chain due diligence programme, which aligns with the Organization of Economic Cooperation and Development’s Due Diligence Guidance.

We are monitoring the situation in Belarus and we will consider the concerns raised by the Belarusian Coordination Council as part of our ongoing monitoring.