Glencore

Diversified Metals & Mining
GLEN.L
GBX 461 1.4
Share price
$ 74 bn
Market Cap
$ 115 bn
Enterprise Value

Carbon footprint

227 Ton
GHG emissions per $ 1 mln investment
8.1x the weighted average for S&P 500
FY2021
How is this calculated?
+8.7%
YOY change in GHG emissions
Weaker than the -11% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-1.4%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -6.7% weighted average for S&P 500
FY2022
How is this calculated?

Glencore aims to reduce all Scopes by 40% by 2035 from a base year 2019


This target has not been verified as science based according to SBTi
Glencore's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Glencore's GHG emissions (market-based) (Kt of CO2e)
Glencore's Carbon intensity (Tons per 1 USDm)

Glencore's carbon footprint

Glencore reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 26,082 Kt (+2,088/+8.7% y-o-y). At the sime time, carbon intensity plunged to 128 t (-41 /-24.1% y-o-y).

Glencore's Scope 3 emissions declined to 253,908 Kt (-17,155 /-6.3% y-o-y). The rate of decline has slowed compared to the trend since 4Q'19 (CAGR -9.6%).

The company is committed to reducing all Scopes by 40% by 2035 from a base year 2019, which translates into the estimated reduction of -3,988 Kt per annum over the period of FY2022 - FY2035. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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