“As a significant energy products producer and consumer, we are aware that energy is a key input and cost to our business as well as being a material source of our carbon emissions. We are working to mitigate the physical impacts of climate change where we can and consider resource efficiency when making operational decisions. Wherever we operate, we seek to optimise our energy and carbon footprint.”142 “As a global patchwork of energy and climate change regulation evolves, Glencore will continue to monitor international and national developments and play a constructive role in the advancement of climate change policy across our global business group. We support a least cost pathway to achieving climate change goals that considers the cost and consequences of all available policy options and does not hinder socioeconomic development.”143 “Governments and industry must work together to establish policy frameworks that deliver the optimal balance of social, environmental and economic considerations appropriate for individual nations; this may include pricing carbon as part of a balanced transition to a low carbon economy.”144 “We believe there is a significant gap between the energy reality and the various carbon policy scenarios which are perceived to be actual forecasts produced by some commentators based on policy statements. The ability to achieve a climate change goal consistent with limiting average global temperature rise to 2°C degree or better is a political, environmental and economic challenge. Unless all parties acknowledge the energy reality that fossil fuels will continue to be a part of the global energy mix for decades to come and put greater effort into supporting emission reductions from fossil fuels, the 2°C degree goal will not only be unachievable but it will also be unaffordable.”145 “Growth of renewable energy clearly needs to be part of the solution but it is still only likely to account for a small share of total global energy mix to 2030, even after countries have maximised what is both technically possible and affordable. The challenges of integrating large-scale renewables into energy markets to ensure ongoing grid stability will increasingly need to be considered.”146 Id., p. 42. Glencore Plc, Our Approach to Sustainability: Sustainability Report, p. 20, available at https://www.glencore.com/dam/jcr:5e2559a7-3f43-4d3d-8205c162c7f33b94/2018%20Our%20approach%20to%20sustainability.pdf (last accessed on 12 September 2019). 144 Glencore Plc (2017), Climate Change Considerations for our Business 2017, p. 3, available at https://www.glencore.com/dam:jcr/ad831e77-2df8-4f23-986e-8e6f3eecf0d6/2017-Climate-change-considerationsfor-our-business.pdf (last accessed on 12 September 2019). 145 Id., p. 16. 146 Id. 142 143 Annex D: Corporate Statements on Climate Change and Human Rights | 37