Trafigura Group has published its 2023 Sustainability Report that outlines the progress made in supporting energy transition and addressing material sustainability risks.
Highlights of the report include:
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.
The reduction of GHG intensity of owned and chartered ships by 19 percent in 2023 compared to the 2019 IMO baseline.
The development of 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.
The achievement of full alignment of the Group’s responsible sourcing programme with the ISO 20400:2017 standard for sustainable procurement.
Jeremy Weir, Trafigura’s Executive Chairman and Chief Executive Officer, says, “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.”