SONAR|HES-SO

SONAR|HES-SO

SONAR|HES-SO regroupe les travaux de bachelor et master diffusables de plusieurs écoles de la HES-SO. Consultez cette page pour le détails.

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Bachelor thesis

Increasing Glencore's sustainable management performance : recommendation and risks, statements based on literature and best practices

    2013

90 p.

Mémoire de bachelor: Haute école de gestion de Genève, 2013

English The main purpose of this report is to provide Glencore with applicable recommendations so that it can improve its sustainable reputation. The second purpose of the work is to present all risks incurred by Glencore’s non-application of sustainable recommendations. Recommendations and risks have been developed based on literature, interviews and companies’ good practices. Sustainability reports of mining companies publicly quoted have been intensively used to grasp the different sustainability criterions known and applied in the sector. Recommendations and risks analysis have been presented in a consistent manner throughout the report as per the following: 1st good practice based on literature is presented, 2nd Glencore’s practice is highlighted, 3rd recommendations are formulated and 4th risks if Glencore does not implement these recommendations are also developed. The work starts with a brief presentation of Glencore including its flotation as well as its merger with Xstrata. The work then considers the global economic growth and its impact on the health of extractive companies as well as on the environment and the population. Secondly, as the goal of this work is not to criticize the commodity sector but rather to improve it, the importance and knowledge of trading and mining activities, to balance supply and demand, is also demonstrated. Thirdly, the environment of the sector going toward more transparency with many supporting initiatives and the reputational risk mining and trading will face if they do not reckon on this trend is mentioned. Finally, in order to familiarize the reader with Glencore’s top controversies, various examples on Glencore’s past negative experiences are given and explained. These examples include tax, corporate, transparency, secrecy, pollution and human rights issues. This introduction phase is followed by the core of the analysis that features the following results: The results of this report demonstrate that despite Glencore’s relatively recent active engagement in sustainability development, the company is still classified as a relatively poor performer compared to competitors. Moreover, a little less than thirty recommendations related mainly to transparency, communication and management have been formulated and eighteen risks have been established. The report concludes with the responsibility companies have in developing countries. The role of a company active in the mining sector in countries where governance is very weak is not necessarily to improve governance, human rights and legal loopholes all by itself, but it is essential that it does not aggravate the situation. The job of a mining company is to win a so called “license to operate” through trust-building established over several years of upright practices and understands that many benefits will follow.
Language
  • English
Classification
Economics
Notes
  • Haute école de gestion Genève
  • Filière économie d'entreprise, orientation International Management
  • hesso:hegge
License
License undefined
Identifiers
  • RERO DOC 209295
  • RERO R007646664
Persistent URL
https://sonar.ch/hesso/documents/314514
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