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Bribery – Where ESG Risk and Externality Collide

Sustainability Now

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Introduction

Glencore Energy UK pled guilty to seven counts of bribery between 2011 and 2016. A London judge ordered the company to pay more than 276 million pounds, which was a combination of a fine and confiscation order. In total, the company's West Africa desk is estimated to have paid more than $28 million in bribes. We're going to look specifically at how ESG factors can create financial risks for a company,. Also what the company's actions or products mean for society and the environment.

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