Publication of 2023 Sustainability Report
Singapore, 23 January 2024 - Trafigura Group Pte Ltd. (“Trafigura” or the “Company”), a market leader in the global commodities industry, today published its 2023 Sustainability Report. It outlines the progress made in positioning Trafigura’s business to play an important role in supporting the energy transition and in addressing material sustainability risks and opportunities across the Group.
The new report highlights continued progress in a number of areas including:
- Achieving a 30 percent reduction in Scope 1 and 2 greenhouse gas (GHG) emissions compared to 2020, with initiatives underway to support the target of a reduction of at least 50 percent by 2032.
- Reducing the GHG intensity of owned and chartered ships by 19 percent in 2023 compared to the 2019 IMO baseline.
- Developing a renewable energy pipeline of 2.5GW, through Nala Renewables (50 percent owned by Trafigura) with a target capacity of 4 GW by the end of FY2025.
- Continuing to make progress towards alignment of our operations with the Voluntary Principles on Security and Human Rights by the end of FY2024.
- Achieving full alignment of the Group’s responsible sourcing programme with the ISO 20400:2017 standard for sustainable procurement.
- Progressing renewable hydrogen projects in Wales and Denmark towards final investment decisions, through H2 Energy Europe, now majority-owned by Trafigura.
“I’m pleased to present this report outlining the progress we continue to make in ensuring our business is able to make a sustained contribution to the responsible supply of vital commodities to power and build the world,” said Jeremy Weir, Trafigura’s Executive Chairman and Chief Executive Officer.
To read a copy of the report, please click here.
For further information please contact:
Trafigura’s Press Office: +41 (0) 22 592 4528 or email@example.com
Trafigura is a leading commodities group, owned by its employees and founded 30 years ago. At the heart of global supply, Trafigura connects vital resources to power and build the world – responsibly and efficiently. We deploy infrastructure, market expertise and our worldwide logistics network to move oil and petroleum products, metals and minerals, gas and power from where they are produced to where they are needed, forming strong relationships that make supply chains more efficient, secure and sustainable. We invest in renewable energy projects and technologies to facilitate the transition to a low-carbon economy, including through joint ventures H2Energy Europe and Nala Renewables.
The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, and our Impala Terminals joint venture. The Group employs over 12,000 people and is active in 156 countries.