Trafigura sustainability score: 20/100

FY2025 Scope 1 of 1,953,683 tCO2e and Scope 2 of 517,674 tCO2e reported with four-year history. Scope 1 has risen each year since FY2023 (1.81 → 1.90 → 1.95 Mt). ERM CVS limited assurance. Declining-trend criterion not met.

FY2025 Scope 3 reported at 342 Mt CO2e, assured by ERM CVS. Category 11 (use of sold products) covers only Trafigura-processed fuels and retail sales, not the ~358 Mt oil and petroleum product flows (~7.6M bbl/day) it trades. Largest category outside its decarbonisation control; no quantified supplier reduction programme.

Scope 1+2 fell FY2020–FY2022 (3.55 → 2.42 Mt), then flat: 2.42 Mt FY2023, 2.48 Mt FY2024, 2.47 Mt FY2025. Scope 3 rose FY2023–FY2025: 286.5 → 324.7 → 342.1 Mt. Category 11 jumped 42.7 → 72.1 Mt year-on-year.

35% of electricity from renewables in FY2025 (34% FY2022, 32% FY2023, 30% FY2024). Total group consumption 25.8 million GJ, dominated by fuel in refining, smelting, mining, terminals, shipping. Renewable electricity is small fraction of total. No RE100 membership or 100% target.

Five industrial sites sit inside Key Biodiversity Areas (including Bahia Blanca refinery), 11 within 1km, 37 within high-influence zone per IBAT method. Satellite land-use monitoring pilots and GISTM tailings alignment reported. No TNFD disclosure, quantified nature footprint, verified deforestation commitment, or measured restoration outcomes.

FY2025 hazardous waste 100,850 t (up from 24,871 t; 83,900 t from Stolberg lead smelter), 92% to off-site landfill, 8% recycled/reused. Non-hazardous waste 35,496 t: 5% recycled, 82% incinerated with energy recovery. RMI metals due diligence reported. No measurable circularity or waste-reduction targets.

Water withdrawal fell FY2022–FY2025: 18,158 → 16,421 → 14,131 → 14,157 ML. Water-stress screening covers 342 sites; 92 assets in High/Very High stress account for 31% of withdrawal. No water-reduction target. Three Level 4 spill events in each of FY2024 and FY2025. Historic link to 2006 Probo Koala toxic dumping (Amnesty International).

Self-set 50% Scope 1+2 cut by FY2032 vs FY2020 (30%-by-FY2023 interim met). 2050 net-zero operations roadmap stated. No SBTi commitment. No absolute Scope 3 target despite it being 99% of reported emissions; only intensity targets (shipping, metals). Trades 165+ Mt carbon credits/year and offset-backed cargoes.

Board ESG Committee and COO-chaired ESG Steering Committee. 11th annual sustainability report, TCFD-aligned, used for CDP, includes double materiality ahead of CSRD. ERM CVS limited assurance on Scope 1–3 GHG, PwC on safety. No public evidence linking executive pay to climate; no shareholder climate vote (privately held).

Probo Koala: hazardous waste exported on Trafigura-chartered tanker dumped in Abidjan 2006. Amsterdam court fined EUR 1m for illegal export, upheld on appeal; further settlement with Dutch authorities. Environmental damage documented 2006–2012. Three Level 4 spills each in FY2024 and FY2025 self-reported with no associated regulatory action found.