Glencore — Ethics Grade F

Glencore receives an overall ethics grade of F (18/100) on CancelCo's corporate accountability database. Sector: Mining & Metals. Market cap: Large Cap.

Category scores

• labor: 30
• privacy: 60
• consumer: 50
• environment: 25
• humanRights: 10

Documented incidents (3)

• Global Bribery Settlement (high, 2022) — Glencore pleaded guilty to multi-year bribery and market manipulation schemes across Africa and Latin America, paying over $1 billion to settle various international probes.
• Child Labor in DRC (high, 2020) — Named in a lawsuit regarding the deaths and injuries of child miners in the Democratic Republic of Congo who were working in cobalt mines within their supply chain.
• Air Quality Violations (medium, 2021) — Fined for excessive sulfur dioxide emissions at its Horne Smelter in Quebec, significantly exceeding health guidelines for local residents.

Documented good deeds

• Coal Mine Closure Plan — Publicly committed to the responsible managed decline of its thermal coal assets to align with their 2050 net-zero goals.

Ethical alternatives

• Lundin Mining — Lower exposure to conflict minerals and a more consistent history of anti-corruption compliance.