Diversified miner Glencore’s board believes the environment, social and governance (ESG) responsibilities related to its coal assets are best managed by the company as a responsible operator, rather than leaving those responsibilities to become someone else’s problem, Glencore chairperson Kalidas Madhavpeddi said on April 21 with the launch of the company’s 2021 Sustainability Report. “It is not just that simply passing carbon-intensive assets to others will not get the world to net zero – it is likely to be less effective in doing so while increasing other ESG risks and reducing transparency,” he said.
