Glencore letter to Trustees

We are reaching out to ask if you could help us with a strategic item we are working on at the CWC. We are supporting IndustriALL Global Union in its efforts to establish a meaningful global dialogue with commodities multinational Glencore Plc (LSE: GLEN | JSE: GLN) to address reports of mistreatment of workers at its operations around the world.

To this end, we are reaching out to trustees whose funds are clients of BlackRock - a significant Glencore shareholder holding 5.69% of the company’s stock.

Our request is directed at funds who have exposure to Glencore through their contractual relationships with BlackRock: We are asking that you urge your funds to request that BlackRock engage with Glencore on allegations that the company is not upholding its responsibility to avoid adverse human rights impacts, as per the OECD Guidelines for Multinational Enterprises (MNEs).

Please read our full letter to our trustee network for more information.