Glencore Plc informs about its commitment to a low-carbon economy

Glencore Plc (LON: GLEN) has informed about its commitment to a low-carbon economy.

  • The company has stated that as per Paris-consistent strategy/capital discipline, it projects around 30 per cent reduction in Absolute Scope 3 emissions by 2035.
  • The reduction in emission includes natural depletion of company’s oil and coal resource base over time.
  • The company’s 2019 capital expenditure was slanted towards energy transition materials, including African copper and nickel and cobalt in Canada.
  • On 18th February 2020, at the time of writing, GMT 08:23 AM, GLEN shares were trading at GBX 233.85, down by 2.80 points or 1.18% against the previous day closing price.