Result of Audit Tender
13 July 2021
The Board of Glencore announces its intention to reappoint Deloitte as its external auditor for the financial year beginning 1 January 2022, subject to shareholder approval at its 2022 AGM.
This follows an extensive competitive tender process that was overseen by the Company's Audit Committee. The selection to re-appoint Deloitte was unanimously recommended by the Committee, and has been approved by the Glencore Board.
Kalidas Madhavpeddi, Chair of the Audit Committee, commented: “The primary reason for the Committee in making this recommendation was that Deloitte offered a more compelling case for the provision of a higher-quality audit. For this and other reasons we determined that Deloitte should be retained as our external auditor.”
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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 responsibly-sourced commodities that advance everyday life. The Group's operations comprise around 150 mining and metallurgical sites and oil production assets.
With a strong footprint in over 35 countries in both established and emerging regions for natural resources, Glencore's industrial activities are supported by a global network of more than 30 marketing offices. Glencore's customers are 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. Glencore's companies employ around 135,000 people, including contractors.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative. Our ambition is to be a net zero total emissions company by 2050.