Why did Royal London Asset Management abstain from re-electing Glencore's Board Chair?

Royal London Asset Management has abstained on the re-election of Glencore’s Board Chair. The decision reflects the firm's concern over the effectiveness of the company’s biodiversity risk assessments and follows reports that the commodity trader’s mining activity is threatening public health in Colombia. Glencore owns and operates numerous mines and metallurgical facilities in Africa, Australia, South America, and Europe. In recent years, it has set sustainability goals, including emissions reduction and responsible resource management. Glencore also published an Environment Policy with...