Trafigura Group's Sustainability Journey Towards a Low-Carbon Future
Key Ideas
  • Trafigura highlights progress in sustainability efforts, including governance, safety, and emission reductions.
  • The company invests in renewable power generation through Nala Renewables and MorGen Energy, focusing on green hydrogen projects.
  • Collaboration with Global Maritime Forum and First Movers Coalition for shipping decarbonisation and signing contracts for low carbon ammonia carriers.
  • Future plans include aligning with EU Corporate Sustainability Reporting Directive and sustainable practices under new CEO Richard Holtum.
Trafigura Group Pte Ltd. has published its 2024 Sustainability Report showcasing its commitment to responsible business practices and progress in environmental, social, and governance (ESG) goals. The report highlights achievements in governance and compliance strengthening, safety measures, and a significant 31% reduction in Scope 1 and 2 GHG emissions. Trafigura is actively engaging in shipping decarbonisation efforts and expanding its carbon desk services across global markets. Moreover, the company is investing in renewable power generation projects through Nala Renewables and MorGen Energy, particularly focusing on green hydrogen initiatives. The Group is also undertaking a materiality assessment to align with EU sustainability standards. With a new CEO, Richard Holtum, Trafigura looks forward to continuing its sustainable business practices and supporting the transition to a lower carbon future.
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