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