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Glencore’s Employees Receive Critical Ethics and Compliance Training
In a bid to ensure that its employees understand the importance of ethics and compliance, Glencore has launched a comprehensive training programme for its staff. The programme aims to educate employees on the company’s code of conduct, as well as provide them with the necessary skills to identify and address potential ethical dilemmas.
Compliance Training
Glencore provides mandatory ongoing training for all employees on various compliance risks and issues they may face in their roles. New joiners receive new employee compliance training, while those without regular access to a work computer are provided with training through induction sessions, pre-shift training, and toolbox talks.
- The company also conducts awareness-raising campaigns about compliance risks to educate employees on expected behaviors.
Training for Business Partners
To manage bribery and corruption exposure associated with business partners, Glencore implements a range of controls and processes. High-risk business partners are required to complete an annual anti-corruption e-learning module, while business developers also receive in-person training.
Compliance Training Statistics
According to the company’s latest statistics:
- 95.8% of employees completed its Code of Conduct e-learning module.
- 40,307 employees completed the training in 2022.
- Other compliance training modules, including conflicts of interest, anti-corruption and bribery, sanctions, data protection, and market conduct, also had high completion rates.
In-Person Training
Glencore provides in-person training sessions for employees and contractors exposed to corruption and bribery risks. The company also conducts training sessions on key compliance risks, such as:
- Anti-corruption and bribery
- Market conduct
- Speaking openly and raising concerns
Ethics and Compliance Days
The company organises Ethics and Compliance Days at its headquarters in Baar, Switzerland, which aim to promote a culture of ethics and compliance among employees. The event also raises awareness about the importance of ethics and compliance.
United Nations Anti-Corruption Day
To mark the United Nations Anti-Corruption Day, Glencore sponsored an ethics and compliance conference in Kinshasa, Democratic Republic of the Congo (DRC), in collaboration with local authorities and business associations. The event brought together key stakeholders to discuss their experiences and approaches to anti-bribery and corruption.
Compliance Summit
Glencore’s Compliance Summit is an annual event that provides guidance and training on key compliance risks for its Compliance Coordinators and Regional Compliance Officers. The summit aims to help Group Compliance members understand the importance of their role and provide an opportunity to interact with fellow Glencore Compliance colleagues globally.