Formed in 1997 in Central America, Puma Energy is now a midstream and downstream integrated oil company with operations in over 38 countries across five continents. Acquired by Trafigura in 2000, who currently owns about half of the company. Sonangol Holdings, Angola's state oil company, owns 30%, and Cochan Holdings, an Angola investment group, holds a further 15%. Entered the Australian market in early 2013.
|Puma Energy International||SWI||website|
| Trafigura Beheer BV
owns 50% of Puma Energy International
| Sonangol EP
owns 30% of Puma Energy International
|Puma Energy International|
This company has a number of sustainability claims on its website.
[Source 2014][More on Sustainability Reporting]
|Trafigura Beheer BV|
This company blends cheap fuel with sulphur levels many times the European limit for sale in African countries. While the business model is legal, their actions are clearly illegitimate and violate human rights because their profits come at the expense of the health of millions of Africans.
[Source 2016][More on Human Rights]
On August 20, 2006 people of Abidjan, Cote d'Ivoire, woke to find that foul-smelling, toxic waste had been dumped in their city. This 2012 report follows a three-year investigation by Amnesty International and Greenpeace. The report uncovers the central reason for the tragedy that unfolded in Abidjan: in the absence of effective law enforcement, one company acted to secure corporate profit without regard for the human and environmental costs. That company was Trafigura.
[Source 2012][More on Human Rights]
An investigation conducted by the Berne Declaration has found that Trafigura "is contributing to enriching a caste of autocratic rulers, through its opaque business practice. This is taking place to the detriment of the Angolan people who figure amongst the poorest in the world". Their 2013 report "Trafigura's Business in Angola" reveals Trafigura's opaque business ties with corrupt Angolan government officials.
[Source 2013][More on Governance]
This company is listed on the Facing Finance website as a company that manufactures weapons or profits from violations of human rights, pollution, corruption, or international law. Specific criticisms include corruption in Angola, Malta and Zambia, pollution in Ivory Coast, supporting oppressive regimes in Sudan and Iran, and tax evasion.
[Source 2014][More on Governance]
In 2018, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of D.
[Source 2018][More on Climate Change]
The Trafigura Foundation has dedicated US$32 million since 2007 to diverse philanthropic initiatives worldwide in the areas of sustainable development, education & integration and health.
[Source 2014][More on Finance]
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
[Source 2017][More on Human Rights]
This company is listed on the Facing Finance website as a company that manufactures weapons or profits from violations of human rights, pollution, corruption, or international law. Follow link for further details.
BankTrack is a global network of civil society organisations and individuals tracking the operations of the banking sector and the activities they finance. Banktrack aims to promote fundamental changes in the banking sector so that banks adopt just and sustainable business practices. BankTrack also has profiles on companies, such as this one, which have been the subject of civil society campaigns for damaging the environment or society. Follow the link to see this company's profile.
|Revenue||$13 billion in 2013|
|# Employees||6000 in 2013|
|Subsidiaries||Puma Energy (Australia) Pty Ltd|