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    A Toxic Legacy: Glencore’s Footprint in Colombia and Peru: European banks and investors must take responsibility

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    Author(s)
    Kodde, Kees
    Joanknecht, Bram
    Publication date
    2023-11-16
    Subject
    Natural resources
    Private sector
    Keywords
    Extractives
    Rights
    Business
    Land rights
    
    Metadata
    Show full item record
    Publisher(s)
    Oxfam International
    Fair Finance International
    Finanzas con Derechos Peru
    Finanzas Justas Colombia
    Document type
    Briefing paper
    Description

    Glencore’s business model continues to have severe consequences for local communities and the environment. Several scandals have provided evidence of Glencore’s involvement in human rights violations, corruption, tax avoidance and environmental destruction. Glencore’s mines have had devastating impacts on their surrounding environments, with grave consequences for the communities living beside them. This report elaborates on two such examples of Glencore-owned mines: the Cerrejón coal mine in northern Colombia, and the Antapaccay copper mine in Espinar in Peru. External pressure from investors, banks, policymakers and regulators is therefore key to forcing Glencore to change. The EU should properly integrate the human rights responsibilities of the financial sector into its Corporate Sustainability Due Diligence Directive (CSDDD).

    Pages
    27
    URI
    http://hdl.handle.net/10546/621550
    Additional Links
    http://policy-practice.oxfam.org.uk/publications/a-toxic-legacy-glencores-footprint-in-colombia-and-peru-european-banks-and-inve-621550
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