Trafigura accelerates decarbonisation efforts
Firm is reducing emissions impact of shipping and mining operations
Resources trading company Trafigura has accelerated its effort to decarbonise its shipping operations, according to the firm’s 2021 sustainability report. In January 2021, the firm pledged to reduce scope one and two greenhouse gas (GHG) emissions by 30pc below 2020 levels by the end of 2023, and to invest in new technologies. It has already achieved a 22pc reduction against the target and will set a new target in 2024 if it overachieves. In December 2021, the firm announced a target to reduce the carbon intensity of it shipping emissions by 25pc by 2030 compared with the 2019 International Maritime Organization (IMO) industry baseline—which would be a 48pc reduction compared with the 2008 b

Also in this section
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
27 January 2025
Regional state-owned firms are transforming their strategies and leveraging their resources to position themselves as clean energy powerhouses, and to ensure they maintain influence in a low-carbon world
24 January 2025
Progress on the energy transition has slowed or even stopped, with greater societal engagement we can revitalise it
23 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised