Potential offtaker

Glencore plc

glencore.com

Estimated electricity consumption

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Glencore PLC is a multinational commodity trading and mining company headquartered in Baar, Switzerland. The company is one of the world's largest producers and traders of commodities, including metals, minerals, oil, and agricultural products. Glencore operates in over 50 countries and employs approximately 160,000 people worldwide.

In the Base Metals sector, Glencore is a major producer of copper, nickel, zinc, and lead. The company's mining operations are located in various regions around the world, including Africa, Australia, North America, and South America. Glencore's Base Metals division is responsible for the production, marketing, and sale of these metals to customers in various industries, including construction, automotive, and electronics.

As the world moves towards decarbonisation, Glencore is committed to reducing its carbon footprint and transitioning to renewable energy sources. The company has set a target to achieve net-zero emissions by 2050 and has outlined a strategy to achieve this goal. Glencore's decarbonisation strategy includes reducing emissions from its operations, investing in low-carbon technologies, and supporting the transition to a low-carbon economy.

One of the key initiatives in Glencore's decarbonisation strategy is the use of corporate power purchase agreements (PPAs) to source renewable energy. Glencore has signed several corporate PPAs in recent years, including agreements to purchase wind power in Australia and solar power in South Africa. These agreements allow Glencore to secure a reliable and cost-effective source of renewable energy while reducing its carbon footprint.

In addition to corporate PPAs, Glencore is also investing in renewable energy projects. The company has announced plans to develop a 150 MW solar power project in New South Wales, Australia, which will supply renewable energy to its mining operations in the region. The project is expected to reduce Glencore's carbon emissions by approximately 300,000 tonnes per year.

Glencore is also exploring the use of new technologies to reduce its carbon footprint. The company is investing in research and development of low-carbon technologies, including carbon capture and storage and hydrogen fuel cells. These technologies have the potential to significantly reduce emissions from Glencore's operations and contribute to the decarbonisation of the wider economy.

Corporate energy is another important aspect of Glencore's sustainability strategy. The company is committed to improving energy efficiency and reducing energy consumption across its operations. Glencore has implemented energy management systems at its mining sites and has invested in energy-efficient equipment and technologies. These initiatives have resulted in significant energy savings and cost reductions for the company.

Glencore's sustainability strategy also includes a focus on responsible sourcing and supply chain management. The company is committed to ensuring that its products are sourced and produced in a responsible and sustainable manner. Glencore has implemented a responsible sourcing program for its metals and minerals, which includes due diligence and risk assessments to ensure that its supply chain meets ethical and environmental standards.

In conclusion, Glencore PLC is a major player in the Base Metals sector and is committed to decarbonisation and sustainability. The company's decarbonisation strategy includes the use of corporate PPAs, investment in renewable energy projects, and research and development of low-carbon technologies. Glencore's focus on corporate energy and responsible sourcing further demonstrates its commitment to sustainability and responsible business practices. As the world continues to transition towards a low-carbon economy, Glencore is well-positioned to lead the way in the Base Metals sector.

✓ Climate Action 100+ company
✓ Declared Net Zero commitment