ACCR Company Engagement Glencore Plc
Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore. It also engages in the oil exploration/production, distribution, storage, and bunkering activities; and offers coal, crude oil and oil products, refined products, and natural gas.
Glencore is the biggest producer of thermal coal in Australia. Glencore has plans for new and expanded coal mines, including a greenfield coal mine in Qld. In 2022, ACCR undertook an analysis of Glencore’s progress on its climate plan, finding the company’s forward coal production and emissions targets are not aligned with 1.5C. ACCR also released a short report into the super-emitting Glencore Hail Creek coal mine, estimating the company is materially underestimating fugitive methane emissions from coal operations in Australia.