Environment and climate - Trafigura
Environment and climate
OUR COMMITMENT TO THE ENVIRONMENT
We aim to reduce the environmental impact of our activities and to use natural resources efficiently and responsibly. We invest in renewable energy and support the development of low-carbon technologies and fuels.
CONNECTING RESOURCES FOR A SUSTAINABLE WORLD
Trafigura's climate strategy
Our climate strategy focuses on reducing greenhouse gas emissions associated with the supply of energy and commodities - at our own operations and working with counterparts to decarbonise supply chains; developing renewable and low-carbon energy and carbon solutions; and managing climate-related risks.
REDUCING OPERATIONAL EMISSIONS
Pathway to carbon neutrality by 2050
We are committed to reducing emissions from our operations with a target to reduce operational emissions by over 50% by 2032. We have also set out an indicative pathway to achieve operational carbon neutrality by 2050.
Reducing emissions
Scope 1 and 2 emissions
Our goal is to significantly reduce our operational greenhouse gas emissions (Scope 1 and Scope 2), with the aim of cutting emissions by over 50% by 2032 compared to FY2020. We plan to achieve this by taking several actions, including closing or converting carbon-intensive assets, purchasing renewable electricity, implementing energy-efficient measures at our operations, and incorporating low-carbon vessels into our shipping fleet.
Scope 3 emissions
Scope 3 emissions refer to indirect greenhouse gas (GHG) emissions that occur as a result of our business activities but are outside of our direct control. These emissions are associated with the entire value chain including the extraction, production, processing and transportation of the products we purchase and supply to customers. We also calculate the ‘downstream’ scope 3 emissions associated with the commodities we produce from sites that we own or operate. Our target is to reduce the upstream scope 3 emissions associated with the non-ferrous metals we supply to customers by 10% by 2030, compared to 2020.
MORE SUSTAINABLE OPERATIONS
Environmental management
We aim to reduce our impact on the environment in the areas where we work. We take measures to address environmental concerns such as biodiversity, water conservation, waste management, spill prevention, and air quality.
You may also be interested in
Explore our publications and get
the latest news and insights.
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”