Trafigura Group Pte Ltd, commonly known as Trafigura, is a leading global commodity trading and logistics company headquartered in Singapore. Founded in 1993, Trafigura has established a strong presence in key operational regions, including Europe, Asia, Africa, and the Americas. The company primarily operates within the oil and petroleum, metals, and minerals sectors, providing essential services that encompass trading, logistics, and asset management. With a focus on core products such as crude oil, refined petroleum products, and base metals, Trafigura distinguishes itself through its extensive supply chain expertise and innovative trading strategies. The firm has achieved significant milestones, including becoming one of the largest independent traders of oil and metals worldwide. Trafigura's commitment to sustainability and responsible sourcing further enhances its market position, making it a trusted partner in the global commodities landscape.
How does Trafigura's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Transport Equipment Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Trafigura's score of 60 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Trafigura reported total carbon emissions of approximately 1839445000 kg CO2e for Scope 1, 527886000 kg CO2e for Scope 2 (market-based), and a staggering 324722477000 kg CO2e for Scope 3 emissions. This represents a significant footprint, particularly in Scope 3, which encompasses emissions from the entire value chain, including purchased goods and services, and use of sold products. Trafigura has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. Additionally, the company has pledged to convert six of its owned vessels to zero-emissions fuels by 2030, contingent on technological availability. Furthermore, Trafigura has established a target for a 30% reduction in overall emissions for Scopes 1 and 2 by 2023, compared to 2020 levels. The company is also working towards operational carbon neutrality by 2050, with a clear pathway outlined for both Scope 1 and Scope 2 emissions. This commitment reflects Trafigura's recognition of the urgent need to address climate change and its impact on the global environment. It is important to note that Trafigura's emissions data is cascaded from its parent company, Trafigura Group Pte. Ltd., indicating a corporate family relationship that influences its sustainability reporting and targets.
Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 2,421,642,000 | 0,000 | 0,000 | - | 00,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Trafigura's Scope 3 emissions, which increased by 13% last year and increased significantly since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 82% of Scope 3 emissions.
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Trafigura has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
