Plea by Former Employee in Glencore’s Oil Business

Source: www.gulfoilandgas.com 7/26/2021, Location: Europe

Glencore notes the plea agreement with the United States Department of Justice (DOJ) by a former employee of Glencore’s oil business. The conduct described in the plea is unacceptable and has no place in Glencore. Glencore has cooperated fully with the DOJ and other authorities in their investigations and continues to do so.

Glencore has taken a number of remedial measures in light of what it has learned during the investigation. Glencore has significantly enhanced its ethics and compliance programme over the last few years with a view to developing a best in class programme. The programme comprises risk assessments, policies, standards, procedures and guidelines, training and awareness, advice, monitoring, raising concerns and investigations. Further information on the programme is available in our Annual Report.

Glencore is committed to operating ethically and responsibly in all aspects of its business.





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