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
12 November 2024
Standards have been agreed for a mechanism under Article 6.4 of the Paris Agreement to trade carbon credits internationally
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub