Greenwashing Allegations Made Against Glencore

Mining company Glencore is facing greenwashing allegations in Australia following a formal complaint made by a coalition of environmental groups. The groups allege the company – which operates 17 coal mines across the country – has made misleading claims about its climate impact. The complaint, lodged by the Environmental Defenders Office (EDO), calls on the Australian Competition and Consumer Commission (ACCC) and Australian Securities and Investments Commission (ASIC) to investigate statements made by Glencore about its plans to reach net zero by 2050. While Glencore publicly claims to have decarbonisation plans in place, EDO said its legal investigation found no evidence to support these claims. The ACCC and ASIC are being asked to investigate 12 net zero-related statements by Glencore, saying they amount to six “misrepresentations”. EDO’s complaint said: “These representations create the impression to consumers and investors that Glencore are concerned about climate change and are taking steps to reduce their emissions across their coal business, consistent with the Paris Agreement and scientific information, when this is not obviously the case.” 

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