Glencore (Aluminium)
GLEN
2
exclusion reasons
2 themes
Glencore (Aluminium) is screened out under 2 exclusion reasons spanning 2 issue categories.
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.
Glencore — global diversified mining and commodity trading company; world's largest exporter of thermal coal with operations in Colombia, South Africa, and Australia
Glencore’s public climate commitments are contradicted by its actions and advocacy. A 2022 complaint filed by environmental groups alleges the company’s net-zero-by-2050 claims are misleading, arguing its decarbonization pathway is inappropriate for a major coal producer and constitutes greenwashing. In March 2024, Glencore walked away from aligning its climate plan with a net-zero emissions pathway, despite escalating investor concerns. Further, a November 2023 study identified Glencore among companies lobbying for policies that conflict with their own pledges to cut carbon emissions. This pattern of setting climate targets while supporting obstructive policy and relying on an unsuitable decarbonization model fits the definition of climate intransigence.
Research Sources
2 organizations
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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