Found inside – Page 45As with all of its activities, partnerships with top-tier companies and institutions such as GE, Airbus, Boeing, Trafigura, Siemens, ... 2004 Sustainability Report pdf - 1.85 MB 2003 Sustainability Report pdf - 5.72 MB Load more. 2020/01/15 Time period. The Trafigura sustainability-linked private placement is structured with only an upward interest rate adjustment if an SPT is not met. Fill the form to contact us or visit the locations page for the contact details, Report grievances safely, securely, anonymously and with confidence. Gross profit hit a record $6.8bn, compared to $2.9bn in the same period a year ago. And we make it our mission to do that responsibly. UN Global Compact . Found insideIt is claimed in the report that 100,000 people needed treatment for the effects of this chemical brew. While Trafigura have been taken to court in the ... Found inside... voluntary due diligence and reporting initiatives 97–98 sustainable development ... 71–83 Trafigura case 231 transparency: in subcontracting chains 67; ... The maritime business is the largest polluter, the company's sustainability report shows. At Trafigura, we are committed to conducting business with integrity, professionalism and diligence. Setting a new milestone in the field, The Theory of Corporate Finance will be the authoritative text for years to come. This book isn’t a simpleminded checklist. This is Thinking in New Boxes. And it will be fun. (We promise.) Praise for Thinking in New Boxes “Excellent . . . Found inside – Page 408More specific examples of corporate environmental irresponsibility include the ... the 2006 toxic waste dump by the company Trafigura in Abidjan, ... This Handbook will be an essential reference for scholars, students, practitioners, policymakers, and general readers interested in how corporate law and governance have exacerbated global society's most pressing challenges, and how reforms ... The executive team takes care of the day-to-day management of the Foundation. We support non-governmental organisations in the development and implementation of programmes in the fields of Fair and Sustainable Employment and Clean and Safe … Global commodity trader Trafigura has raised a US$5.505bn syndicated sustainability-linked loan following an overwhelming response from over … Found inside – Page 113... boosting the facility's sustainable capacity to 42,000 barrels per day. ... Trafigura acquired Puma in 2000 to manage its oil logistics assets such as ... Found inside – Page 57... dirtiest jobs.237 David Leigh has written on the Trafigura disaster where ... been disquiet with 'fracking'.241 There are many reports of environmental ... Note: Responsibility for the content of participants' public communication related to the Ten Principles of the UN Global Compact and their implementation lies with participants themselves and not with the UN Global Compact. We deploy infrastructure, skills and our global network to move physical commodities from places they are plentiful to where they are most needed. The Handbook of Multi-Commodity Markets and Products is the definitive desktop reference for traders, structurers, and risk managers who wish to broaden their knowledge base. Lenders flock to Trafigura Global commodity trader Trafigura Beheer BV has raised a US$5.505bn syndicated sustainability-linked loan following an overwhelming response from over 30 lenders, in what is one of the largest of such financings. 2. At that point, the Guardian… Trafigura, which is one of the world's leading independent commodity trading companies, started producing a Responsibility Report in 2015. Trafigura Group Pte Ltd (“Trafigura” or the “Group”), a market leader in the global commodities industry, has today published its 2020 Responsibility Report, reflecting a year of strong progress in improving transparency, engaging openly with a broad range of stakeholders and continuing to take a leadership position in progressing responsibility standards in commodities trading. Trafigura owns a stake of 49.5% in Porto Sudeste, an iron ore port in southeast Brazil with the capacity of 50 million tonnes. Found inside19 Mick Davis, CEO Xstrata plc, Sustainability Report 2009, p. 4. 20 Multiwatch 2010, p. 9ff. 21 Mudgee Guardian, Land court challenge to Ulan West project, ... Found insideIt is the story of how a handful of swashbuckling businessmen became indispensable cogs in global markets: enabling an enormous expansion in international trade, and connecting resource-rich countries - no matter how corrupt or war-torn - ... In Sustainability and Management: An International Perspective, Kıymet Çalıyurt and Ülkü Yüksel bring together international authors from a variety of specialisations to discuss the development, aspects, problems, roadmap, trends and ... Then reload the page. As sustainability-linked private placements are intended to improve a company’s existing sustainability strategy, there needs to be 1) a sustainability strategy in place and 2) a link between the sustainability strategy and the SPTs the company is seeking to achieve. We use cookies to improve our site and to analyze traffic. We foster a culture where people can flourish and maximise their potential. The report … ... Trafigura now claimed the Guardian was even banned from reporting what had happened in parliament. Found inside – Page 306... chartered by a Swiss company, Trafigura Beheer BV, offloaded toxic wastes at Abidjan, killing several and injuring more than 30,000. A recent report ... This Handbook provides an unusually creative and comprehensive guide, not only to the nature of these forces and their impacts, but also to how a better understanding of these forces can provide a foundation for improving the effectiveness ... October 2018 – September 2019 Files. We are building on our experience and leveraging our expertise to develop a more responsible business. Total sustainability-linked debt issuance exceeded $130 billion in 2020, according to Bloomberg, up nearly 300% from 2018 levels (see chart 1). The Trafigura sustainability-linked private placement is structured with only an upward interest rate adjustment if an SPT is not met. ADVANCING TRADE 2016 RESPONSIBILITY REPORT TRAFIGURA GROUP PTE. LTD. 2. Bank of China, ING Bank, Rabobank, Societe ESG NEWS Generale and UniCredit Bank were the S&P Global Ratings expects SLL and SLB issuance to surpass $200 billion this year. ADVANCING TRADE 2. In order to see twitter feed and videos, please enable statistics and marketing cookies, click here. Trafigura Pte Ltd; Published. Disclosure Initiative - Definition of Material (Amendments to IAS 1 and IAS 8). These components are: 1. * IFRS. Trafigura needed a risk management solution that could enable it to manage its financial exposure while delivering on its ESG objectives. 2019 Responsibility Report Participant. Vitol recognises the challenges facing the environment and the need for a transition to cleaner forms of energy. 2020.01.15_-_2019_Responsibility_Report_-_Final... 2020.01.15_-_2019_Responsibility_Report_-_GRI_C... https://www.trafigura.com/brochure/2019-trafigu... Part of a sustainability or corporate (social) responsibility report, This COP qualifies for the Global Compact Active level, Includes a CEO statement of continued support for the UN Global Compact and its ten principles, Description of actions or relevant policies related to Human Rights, Description of actions or relevant policies related to Labour, Description of actions or relevant policies related to Environment, Description of actions or relevant policies related to Anti-Corruption, Which of the following Sustainable Development Goals (SDGs) do the activities described in your COP address? * Total employee numbers are calculated as an average over the financial year that runs from 1 October to 30 September. Other … Found inside – Page 253Trafigura, “Probo Koala Updates: Statement—UK Legal Update” (November 2008), ... Amnesty International Report 2008 (London, 2008); UNICEF, “Côte d'Ivoire. Excluding these assets, the LTIR would be 1.00. In order to see twitter feed and videos, please enable statistics and marketing cookies, click here. Trafigura Insights is our blog to which we invite guest commentary on the sourcing of natural resources, and our colleagues to share views on the commodity markets and Environmental, Social and Governance (ESG) issues related to our sector. 2018. The SLLP guidelines outline four components of a sustainability-linked transaction that we will illustrate the practical application of with reference to the recent sustainability-linked private placement by Trafigura. Read the full report here. Trafigura’s 2020 Responsibility Report reflects a year of strong progress in improving transparency, engaging openly with a broad range of stakeholders and continuing to operate in line with our stated aim of taking a leadership position in progressing responsibility standards in … Business Ethics is designed to meet the scope and sequence requirements of the single-semester business ethics course. Found inside... approach to environment 27–8 Trafigura scandal 50–1 Transforming our world programme (UN) 33, 62, 115; see also Sustainable Development Goals transition ... 19 Dec 2019 10:55AM (Updated: 19 Dec 2019 11:00AM) SINGAPORE: Singapore's Puma Energy, the retail and midstream arm of global commodities trader Trafigura , … Found insideIn 2009, oil trading giant Trafigura obtained a gag order from a British high court to prevent The Guardian and other newspapers from mentioning a report on ... AGREE Found inside – Page 278In 2009, a case was filed in the U.K. courts involving Trafigura, ... with regard to human rights is due to be concluded in 2011 with the final report ... Under this structure, the interest rate paid by Trafigura on the credit facilities will decrease or increase based on the group's progress on three key performance indicators which are material to the commodity industry and Trafigura's business profile while responding to significant sustainability … Found inside – Page 238A HELCOM report published on August 24 stated that 210 illegal discharges of oil ... the shipping agent from Abidjan who recommended Tommy to Trafigura, ... The report also indicates future areas of focus. Trafigura Group Pte Ltd. a market leader in the global commodities industry, has successfully closed a sustainability-linked facility, the first for an actor in the energy & metals commodity trading industry, in line with its aim to take a leading role in corporate responsibility within the global commodities industry. This sustainability goals-linked derivative transaction with Standard Chartered is an important step forward on our journey." Executive Team. We are investing in renewable technologies, as well as carbon capture initiatives and are … Christophe Salmon, Group Chief Financial Officer for Trafigura, commented: ‘We have successfully refinanced Trafigura’s one-year flagship credit facility despite high volatility and economic uncertainty throughout the syndication period.’ Found inside – Page 363... Sustainable Development (Rio de Janeiro 2012), 173–74 UN Conference on Trade and Development (UNCTAD), 170; Economic Development in Africa Report (2012) ... Commodity trader Trafigura emitted 26 percent more in 2019 than the preceding year. In 2016, Trafigura was more conservative: the company recognized an impairment loss of $125.9m after it sold $91.7m debt securities. However, the company quickly reversed course. Trafigura also holds debt securities of Porto Sudeste with a much more substantial carrying value of $490m. 1-minute read. Found insideThe Toxic Legacy of Trafigura's Ship of Death Thomas MacManus ... D'Ivoire: Enhanced Initiative for Heavily Indebted Poor Countries', IMF Country Report No. Established in 2007 as an independent philanthropic entity, the Trafigura Foundation provides long-term funding and expertise to improve the socio-economic conditions of vulnerable communities around the world. Commodity trading company Trafigura has closed its first sustainability-linked loan structure worth over $5 billion. Trafigura makes trade happen. Employee numbers include all employees of assets where Trafigura retains joint management control, e.g. Trafigura is not only working the fuel sector, but it is also involved with toxic dumping in the Ivory Coast, therefore, we, but the Somaliland citizens are also worried about Somaliland’s health, environmental sustainability, and government officials using public office for private gain. Found insideorders can be transformed in order to achieve more sustainable forms of living ... as in the case of the oil trading company Trafigura that dumped illegally ... Our vision is of an increasingly interconnected and prosperous world where physical commodities pass seamlessly from their points of origin to points of need. Trafigura employee Naeem Ahmed, who was involved in the ship's operation in Amsterdam, was fined 25,000 euros and the captain of the Probo Koala, 46-year-old Sergiy Chertov, was sentenced to a. Rusta Sustainability report — Financial year 2019/20 08 Rusta adopted the current sustainability strategy in 2015. 2016 Trafigura Responsibility Report 1. Our business model is resilient, even in the most volatile market conditions. In its sustainability report, Trafigura said it expected “new, low-cost sources of oil” would be needed “while the shift to alternative energy sources takes place”. Breaking new ground. Trafigura inks its 1st sustainability-linked loan. Then reload the page. By clicking “agree”, closing this message or continuing to Responsible business practices and policies are integral to our business strategy and embedded in our day-to-day operations. And we make it our mission to do that responsibly. Trafigura sold 4.4 million tonnes of copper in 2020, extending its lead over Glencore Plc as the world’s top trader of the metal. Unlike Glencore, Trafigura has steered away from buying mines — it’s even looking to sell some it operates in Spain — and its profits are chiefly derived from activities in physical copper markets. SDG 1: End poverty in all its forms everywhere, SDG 2: End hunger, achieve food security and improved nutrition and promote sustainable agriculture, SDG 3: Ensure healthy lives and promote well-being for all at all ages, SDG 4: Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all, SDG 5: Achieve gender equality and empower all women and girls, SDG 6: Ensure availability and sustainable management of water and sanitation for all, SDG 7: Ensure access to affordable, reliable, sustainable and modern energy for all, SDG 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all, SDG 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation, SDG 10: Reduce inequality within and among countries, SDG 11: Make cities and human settlements inclusive, safe, resilient and sustainable, SDG 12: Ensure sustainable consumption and production patterns, SDG 13: Take urgent action to combat climate change and its impacts, SDG 14: Conserve and sustainably use the oceans, seas and marine resources for sustainable development, SDG 15: Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss, SDG 16: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels, SDG 17: Strengthen the means of implementation and revitalize the global partnership for sustainable development, Opportunities and responsibilities that one or more SDGs represent to our business, Where the company’s priorities lie with respect to one or more SDGs, Goals and indicators set by our company with respect to one or more SDGs, How one or more SDGs are integrated into the company’s business model, The (expected) outcomes and impact of your company’s activities related to the SDGs, If the companies' activities related to the SDGs are undertaken in collaboration with other stakeholders, Other established or emerging best practices. Found inside – Page 518trade secrets, cybercrime 458–459 Trafigura, environmental crime in the waste ... collar crime 25–28 UCR see Uniform Crime Reports unethical behaviour, ... Natixis acted as joint sustainability coordinator for the transaction. Performance Indicators 1. Employee numbers include assets where Trafigura retains management control, e.g. MATSA (Spain), Porto Sudeste (Brazil) and the Mawson West mine (DRC). The sustainability linked KPIs will have to be tested annually and verified by a third-party expert. 2015 RESPONSIBILITY REPORT TRAFIGURA GROUP PTE. Trafigura’s net profit till September is $1.6bn, up from $867.8m in 2019, its best result since 2013. Trafigura Group, a market leader in the global commodities industry, has today published its 2020 Responsibility Report, reflecting a year of strong progress in improving transparency, engaging openly with a broad range of stakeholders and continuing to take a leadership position in progressing responsibility standards in commodities trading. PERFORMANCE INDICATORS 5,033Average number of employees* over year (2015: 5,287) 7,785+ Online HSEC awareness raising modules completed worldwide $915m Oil payments to EITI implementing countries in 2015 (2014: $3.1 bn) 2Fatalities … Employee numbers include assets where Trafigura retains management control, e.g. Our business model is resilient, even in the most volatile market conditions. We provide guidance to Trafigura employees worldwide in relation to their philanthropic endeavours.
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