Glencore Case Study

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Katarzyna Zdrojewska, FLN5_IB, index no. gd22943
1
Glencore plc is an Anglo–Swiss multinational company. It was established in 1975 under the name of Marc Rich & Co. in Switzerland. In 1994 company has been rebranded into Glencore. In 2012 Glencore acquired Xstrata, a large british company, thereby making the biggest takeover that took place in mining industry. Less than two years after the merger Glencore have announced that the Xstrata brand will be phased out. Currently the company is headquatered in Baar, Switzerland.
Glencore, although there’s a huge chance you never heard of it before, is the world’s third largest company in the raw materials sector – it trades diversified natural resources, is marketer of almost 100 commodities and also
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Among its fundamental values the company declares safety, responsibility and openness, comprehended as care about their performance in relation to environmental protection, human rights and health and safety of all the stakeholders, transparency and mutual benefits. Through their actions Glencore is proving it has a highly developed sense of corporate social responsibility. This approach could be consistently seen in all the aspects of companys performance - in order to perform in accordance with the values, Glencore undertakes many social and environmentally friendly activities. It continually contributes to the socio-economic growth of the areas where it operates and the communities it works …show more content…
The Los Quenuales programme finished in 2012, having benefited over 800 children. It targeted mothers-to- be and children up to 3 years old, from the rural communities near the place of their operations. In 2014 the Perubar programme is still running; it targets mothers-to-be and children from infancy to 5, from urban settlements near the Perubar logistics unit, providing them nutritional supplements. The main method of intervention is to involve community leaders, provide households with improved stoves and better sanitary and health conditions, developing healthcare workshops for mothers, and training them to wash their hands before food preparation. In implementation of the programme also local community was involved: twelve women who participated voluntary has been trained as nutrition educators. These leaders are tasked with regular follow ups with each family in the programme, to ensure the results are achieved. In 2013 the Perubar programme included 539 children with anaemia and 43 mothers-to-be. Upon completion, there was an 87% decrease in anaemia among the children who took part; retarded growth fell by 15%; acute malnutrition was reduced by 12%; and overall malnutrition by 5.2%. It has helped over 3,000 people since

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