Back to Insights

2020 Payments to Governments Report

Author: Glencore | Date: 30/06/2021

Our global economic contribution in 2020

Today, we published our 2020 Payments to Governments report. Our payments enable governments to realise value from their natural assets and to fund public services and infrastructure that improve their nation’s way of life.

2020 was a challenging year for our employees, their families, our communities, as well as society at large. Against a backdrop of lower commodity prices, we paid a total of $5.8 billion in taxes, royalties and other government payments in our operating countries. Our group effective income tax rate, pre-significant items, was 29.7% in 2020, consistent with the 30.5% we reported in 2019.

Watch the video below to find out more about our commitments as well as the broader socio-economic contribution we make across the countries where we operate.