Our Group policy framework encompasses our Values, Code of Conduct and a suite of policies, standards, procedures and guidelines on various key matters and risks to Glencore. This framework reflects our commitment to uphold responsible and ethical business practices.
In 2020, we embarked on a comprehensive review of our entire Group policy framework. This was a collaborative, cross-functional project to develop and implement a more streamlined and consistent approach to policy governance at Glencore.
In addition to re-evaluating our policy framework, we reviewed and refreshed all of our Group policies. The aim was to ensure Glencore’s commitments, approaches and requirements are accessible to employees and relevant contractors in a simple, clear and concise fashion. Employees must be able to easily understand the behaviours expected of them. External stakeholders must also have access to our policies to stay informed of Glencore’s approaches and commitments on matters of critical importance to them. This is why we publish all of our policies on our website.
As part of this project, we consulted extensively with the business and considered and implemented their feedback to ensure implementation of our policies and supporting documents was practicable. Furthermore, we considered industry best practices and the commitments we are required to meet through our membership and support for external frameworks such as the UN Global Compact, the International Labour Organization Declaration on Fundamental Principles and Rights at Work, and the UN Guiding Principles on Business and Human Rights. We also took into account the International Council on Mining and Metals’ Performance Expectations.
The , comprised of representatives of senior management across our commodity departments and corporate functions, have reviewed and approved all our Group policies. Our policies were also approved by our Board.