Publication of 2025 Ethics and Compliance Report
Baar, Switzerland
7 May 2026
Glencore has today published the latest edition of its Ethics and Compliance Report. This report provides a comprehensive overview of our Ethics and Compliance Programme (Programme), detailing our approach, governance and structure, including our various processes and systems, as well as the updates we have made during the past year.
Our Ethics and Compliance Programme is designed to deliver on our Group-wide commitment to responsible business practices and support responsible and ethical decision-making at every level of the business.
Kalidas Madhavpeddi, Chairman, notes “The Board and senior management are focused on ensuring we uphold responsible business practices and maintaining an effective compliance programme is an important element to support this.”
Nicola Leigh, Head of Compliance, adds “While we believe we now have a mature programme, we recognise it will not remain effective if it is static. The compliance landscape is also very dynamic, particularly in the current complex geopolitical environment, and an effective compliance programme needs to evolve in response to business needs and ongoing developments.”
We encourage our stakeholders to review this year’s report to learn more about the initiatives we have undertaken. We will continue to provide updates on our Programme in our annual reporting suite and on our website as part of our efforts to maintain transparency and accountability and keep our stakeholders informed.
Read the full report at: glencore.com/publications
For further information please contact:
Investors
Martin Fewings
t: +41 41 709 28 80
m: +41 79 737 56 42
martin.fewings@glencore.com
Media
Charles Watenphul
t: +41 41 709 24 62
m: +41 79 904 33 20
charles.watenphul@glencore.com
Glencore LEI: 2138002658CPO9NBH955
Notes for Editors
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that advance everyday life.
With over 140,000 employees and contractors and a strong footprint in over 30 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of offices.
Glencore’s customers are principally industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities.
Important Information
This material does not purport to contain all of the information you may wish to consider. For further important information, including in connection with forward-looking statements and other cautionary information, refer to the Important notice section of Glencore’s 2025 Annual Report, which is available at glencore.com/publications. This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities.
Other information
The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, “Glencore”, “Glencore group” and “Group” are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. Likewise, the words “we”, “us” and “our” are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.