ethecon Awards 2012
The ethecon Black Planet Award 2012 goes to the senior manager Ivan Glasenberg (CEO), Simon Murray (Chairman) and Tony Hayward (committee for environment, health and safety) as well as the major shareholders of the GLENCORE Corporation, Switzerland. Tony Hayward was named and shamed before in 2010 for his responsibility for the Deepwater Horizon oil spill as the then CEO of BP Group with the 2010 International ethecon Black Planet Award. Thus, Hayward is the first person to receive the Black Planet Award for the second time. These managers and major shareholders manage the world’s largest commodity group with $145 billion in sales (2010), and thus the largest Swiss company overall. They currently intend to merge GLENCORE with the mining company XSTRATA. In a study of the 120 largest European publicly traded companies on „sustainability, social responsibility and transparency“ GLENCORE came last (Source: Monitor broadcast on Aug 4, 2011). The company has also attracted negative attention due to tax evasion, corruption allegations, environmental pollution and human rights violations.
Glencore mine deaths give Xstrata holders extra ratio to think about
Xstrata Plc investors voting on Glencore International Plc ‘s $31 billion bid are being asked to accept a takeover by a commodities supplier with the highest employee fatality rate among its closest peers.Glencore, whose 61,000 employees are mostly at mines and industrial sites, reported three deaths for every 10,000 workers in 2011. That’s more than triple the 0.8 rate at Xstrata, the world’s largest exporter of thermal coal. The death ratios were 0.9 and 1.2 at Rio Tinto Group and Anglo American Plc, respectively, while the world’s biggest mining company, BHP Billiton Ltd., reported a 0.2 rate in its 2011 fiscal year.