Puma Energy
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Oil company
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 93.3% of the company.
Company Ownership
Puma Energy International | SWI | website | ||||
Trafigura Group Pte Ltd
owns 93% of Puma Energy International |
NLD | website | ||||
Commodities trading and logistics Founded in 1992, today the company has 167 offices in 58 countries on six continents. The company trades in energy (including oil and coal), raw materials, and metals. |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Puma Energy International | ||||
In 2023, 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 A-.
Source: CDP (2023) |
The Puma Energy Foundation funds numerous local projects in Africa and Latin America in the areas of sustainable development, education & integration, and healthcare.
Source: company website (2014) |
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Trafigura Group Pte Ltd | ||||
In 2023, 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 A-.
Source: CDP (2023) |
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: Amnesty Intl (2012)
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: Public Eye (2016)
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: Berne Declaration (2013)
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: Facing Finance (2014)
This company is criticised for tax avoidance and human rights abuses in this 2013 report by SOMO which examines the human rights record of eight extractive industry companies incorporated in the Netherlands.
Source: SOMO (2013) |
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: company website (2014)
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: company website (2017)
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.
Source: Facing Finance (2014)
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.
Source: BankTrack (2018) |
Company Details
Revenue | 13 billion USD (2016) |
Employees | 7,900 (2016) |
Contact Details
Address | Geneva, Switzerland |
enquiries@pumaenergy.com | |
Website | www.pumaenergy.com |