Glencore holds membership in a broad range of industry organisations. Some of these are global in nature, while others have a regional, national or local focus. The structure and objectives of each organisation varies. Some represent a broad mix of companies and sectors and may cover a range of policy, business and sustainability topics, including climate change and energy. Others exist to address one or two topics that are key to their limited members. Each organisation implements their own governance structures and membership requirements that reflect their purpose and objectives.
We carry out an annual review of the positions and advocacy activities undertaken by those organisations in which we hold a membership.
Role of organisations
Industry organisations develop formal positions on a given topic by engaging with their members and considering their varying views. Our participation in industry organisations provides a forum in which we can hear and understand views that may differ from our own.
We participate in discussions with governments and other interested stakeholders during the development of public policies and legislation. Sometimes our engagement is direct, through meetings with government representatives or participating in government-hosted roundtables, sometimes it is indirect through the industry organisations in which we hold membership.
Participating in industry organisations
We participate in industry organisations to represent, promote and protect the interests of our business. In addition, our industry organisations develop, implement, review and update industry-relevant standards, best practice and guidance for the broad range of health, safety, environment, community and human rights topics that affect the extractive sector.
Through our membership and participation in industry organisations, we can present our views and concerns and take part in discussions across a wide range of topics. This provides the opportunity to hear different opinions and perspectives that in turn strengthen our understanding of industry-specific topics, as well as of broader topical regional and national issues. We share and receive examples of good practice and work together on developing and improving equipment and standards that benefit the extractive sector.
Industry organisations also provide a forum in which members can discuss and agree on an approach for engagement with government, regulators and other stakeholders on certain issues, such as climate change, transparency, local economic development or commodity-specific issues. We recognise that responsible political engagement is critical for building and maintaining trust in the political process. Through enabling public decision-makers to hear legitimate points of view from industry participants, we can support effective policy decisions that address the interests of a broad range of stakeholders.
As one member among a wide membership base, we can share our perspective and opinion, but this may not be the final position taken by the organisation.
We generally identify industry organisations as:
- Multi-sectoral organisations with a diverse range of membership, which often focus on a region, country or province. Their primary role is to promote a business-friendly environment that encourages economic diversity and supports companies from a wide range of sectors.
- Extractive-sector organisations bring together companies from the extractive sector to develop either a sector- or commodity-specific response. Their work may involve advocacy on specific topics affecting the sector, such as climate change and energy or product stewardship, but more typically bring together companies to focus on addressing the sector’s challenges and opportunities. These activities could include improving occupational health through working with equipment manufacturers or developing a sector response to a topical issue such as the management of tailings storage facilities.
- Issue-specific organisations develop and promote an informed view on a specific issue. While these organisations may contribute to regulatory development, for Glencore, these organisations are more likely to provide a platform to share information and promote understanding.
Our approach to membership
We require everybody working at Glencore to adhere to our principles on membership of industry organisations:
Purpose of membership
We may become members, either at the Group level or as an individual commodity department or industrial asset, in industry organisations to contribute towards the setting of industry standards and the development of government policies and regulation, as well as to share non-competitive industry-related information. Glencore participates in industry organisations to represent, promote and protect the interests of our business. Our participation should support a collaborative, collective approach that achieves more than acting alone. Our membership in relevant industry organisations should not undermine our support for the goals of the Paris Agreement.
We regularly review regularly the organisations in which we participate, including their strategic fit with our corporate purpose, Values, Code of Conduct and positions on material topics. Our Board Ethics, Compliance and Culture Committee receives and evaluates an annual internal review of our membership of industry organisations and those organisations’ activities. Our Political Engagement Policy sets out our approach and the general requirements in connection with our engagement in policy development.
We annually report on our membership of industry organisations and our roles and activities within these organisations. We will take steps to ensure that our industry organisations undertake transparent engagement with public officials and government authorities. We expect our industry organisations to publish their positions on public policies.
Monitor and review
Prior to joining an industry organisation, we evaluate its existing positions, strategies and objectives for alignment with our own. Once members, we monitor industry organisations’ activities to ensure consistency with our positions.
We acknowledge that industry organisations represent a range of members with different views across multiple policy areas, and, as a result, the representations they make may not always fully reflect our positions on material topics.
If an industry organisation adopts an approach inconsistent with our Values, Code of Conduct and Political Engagement Policy, or the goals of the Paris Agreement, we will take appropriate action. This may include:
- Constructively engaging with the organisation; and/or
- Resigning from that organisation and establishing independent advocacy
Use of funds
We expect our industry organisations to comply with local regulations and to maintain appropriate governance and transparency in relation to the use of funds or resources in connection to political parties, political organisations or their representatives either directly or indirectly