Glencore publishes its annual Ethics and Compliance Report, supporting our commitment to being a responsible and ethical operator. The report provides a detailed overview of Glencore’s Ethics and Compliance Programme and insights into the achievements and progress we have made throughout the year.

Since the publication of our first Ethics and Compliance Report last year, we have resolved investigations by authorities in the United States, the United Kingdom and Brazil concerning bribery and market manipulation. We continue to cooperate with the Swiss and Dutch authorities on their ongoing investigations.

We will continuously improve our Ethics and Compliance Programme and are committed to using the lessons learned from the investigations to drive our focus on ethical business practices.

Kalidas Madhavpeddi, Chairman, said: “The Board and the management team are committed to operating a company that creates value for all stakeholders by operating transparently under a well-defined set of Values, with openness and integrity at the forefront. We want Glencore to be an employer of choice, attracting and retaining the best talent and competing not only in terms of the unique value proposition that Glencore has to offer, but also in its commitment to acting ethically and responsibly across all aspects of its business.”

Gary Nagle, CEO, said: “We take pride in the company we work for and believe in our Purpose of responsibly sourcing the commodities that advance everyday life. I am very proud of the Ethics and Compliance Programme that we have built and the strides that we have made to reinforce our commitment to an ethical culture throughout our business. This report is a testament to these efforts, which began before the investigations commenced.”