However, in every case these do not attempt to be an exhaustive list. We also continue to be an active member of the Extractive Industries Transparency Initiative (EITI). We look at risk appetite from the context of severity of the consequences should the risk materialise, factors influencing the risk and the Company’s ability to mitigate it. A lack of liquidity may mean that we will not have sufficient funds available for our marketing and industrial activities, both of which employ substantial amounts of capital. Glencore’s key management personnel are the members of the Board of Directors, CEO, CFO and other senior management. Mitigating factors - Through our focused climate change programme, we strive to ensure emissions and climate change issues are identified, understood and monitored in order to meet international best practice standards, ensure regulatory compliance and meet the commitments we have made in support of the goals of the Paris Agreement. Local health services might be in the early stages of development, or local authorities may not have the resources to cope with the scale of need. For details on reclassi˜ cations please refer to page 32. (more…) Glencore Agriculture bids farewell to AgriBusiness 6 May 2020 Together these constitute the material required by DTR 6.3.5 to be communicated to the media in unedited full text through a Regulatory Information Service. Geneva, Wednesday 4th December 2019 The founding members (ADM, Bunge, Cargill, COFCO International, Louis Dreyfus Company and Glencore Agriculture) of the industry-wide initiative to modernize global trade operations have announced its new project name: Covantis. Our sites span seven provinces and we employ around 7,650 people. Note 27 details the fair value of our financial assets and liabilities. Our ability to manage and mitigate these may impact maintenance of our operating licences as well as affecting future projects and acquisitions. Two of these galleries caved in, resulting in thirty fatalities. We maintain both a diverse portfolio of commodities, geographies, currencies, assets and liabilities and a global portfolio of customers and contracts. Severe operating or market difficulties may result in impairments, details of which are recorded in note 6. Comments/impacts to the Group - Our diversity, in terms of geographical locations, working conditions, organisational cultures and … The rise of “Deepfake” technology using machine learning will make it easier to manipulate audio content that could be used in phishing or fraud attacks by impersonating senior executives. Our operations are often located close to communities with limited healthcare. This report documents the implementation of the undertaking from November 2017 to … 2019 Trafigura Terms and Conditions for the sales and purchase of physical non-ferrous metals Responsible sourcing As one of the world’s leading traders of metals and minerals, we recognise the potential for adverse social or environmental impacts associated with their extraction, processing and … This investment reflects the fact that the Group has a low risk appetite when considering entering into transactions or business activities that present compliance risk. In accordance with UK Financial Reporting Council guidance, we define a principal risk as a risk or combination of risks that could seriously affect the performance, future prospects or reputation of Glencore. In contrast to 15, 9 was introduced without restating the previous year’s ˜ gures. Mostly this entails emphasising certain risks more strongly than other risks rather than the elimination of, or creation of, risks. We recognise the contribution a healthy community makes towards the robustness of our production processes. Developments - This year we continued to see material examples of operating challenges, particularly at our identified transition assets. A perception that we are not respecting human rights or generating local sustainable benefits could have a negative impact on our “social licence to operate”, our ability to secure access to new resources and our financial performance. The vast majority of our transactions are denominated in US dollars, while operating costs are spread across many different countries, the currencies of which fluctuate against the US dollar. in reducing the demand for coal or increasing its pricing (via carbon taxes) – see Climate change risk on page 87. Further information is available at: glencore.com/sustainability/climate-change, 11. In the normal course of business, Glencore enters into various arm’s length transactions with related parties, including fixed price commitments to sell and to purchase commodities, forward sale and purchase contracts, agency agreements and management service agreements. Risk appetite - Medium. Some of our mine sites are in remote locations where they are a – or the – key employer in the region. Sign in / Register; Search for a company or officer Search. Our mitigation of risks will usually include the taking out of insurance where it is customary and economic to do so, This section should be read as a whole – often commentary in one section is relevant to other risks, “commodity/ies” will usually refer to those commodities which the Group produces or sells, “law” includes regulation of any type, “risk” includes uncertainty and hazard and together with “material adverse effect on the business” should be understood as a negative change which can seriously affect the performance, future prospects or reputation of the Group. We define an emerging risk as a risk that has not yet occurred but is at an early stage of becoming known and/ or coming into being and expected to grow greatly in significance in the longer term. We have sought to provide examples of specific risks. Risk description and potential impact - We are exposed to extensive laws, including those relating to bribery and corruption, sanctions, taxation, anti-trust, financial markets regulation, environmental protection, use of hazardous substances, product safety and dangerous goods regulations, development of natural resources, licences over resources, exploration, production and post-closure reclamation, employment of labour and occupational health and safety standards. There have been no guarantees provided or received for any related party receivables or payables changes... Their long-term wellbeing have an incident resulted in a material business impact developments, e.g positive. Invest in a material breach of our principal risks and uncertainties should be considered in connection with any forward statements! A healthy community makes towards the robustness of our mine sites are in remote locations where it is exposed a! 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