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Puma Energy Australia

OVERALL

Owned
NLD
Rating
Criticisms

Fuel operator

Australia's largest independent fuel operator. Operates over 270 retail sites after acquiring Ausfuel, owner of Gull, Choice and Peak service stations, and Neumann Petroleum, owner of Matilda service stations, both in early 2013. Puma has also expressed interest in acquiring United Petroleum.

Company Ownership

Puma Energy (Australia) Pty Ltd   AUS     website   email      
  Puma Energy International   
   owns 100% of Puma Energy (Australia) Pty Ltd  
SWI     website   email      

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 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.

      Trafigura Beheer BV   
       owns 50% 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.

      Sonangol EP   
       owns 30% of Puma Energy International  
AGO     website         

Oil and gas

This government-owned company oversees petroleum and natural gas production in Angola. Angola produces and exports more petroleum than any other nation in sub-Saharan Africa, surpassing Nigeria in the 2000s.

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
Puma Energy (Australia) Pty Ltd
Business Ethics Tax dodging in Australia
Between 2013 and 2018 this company paid zero tax on a total income of $12 billion, earning the number 14 spot on Michael West's Top 40 Tax Dodgers 2020. West calculated which of Australia's largest companies have paid the least tax, or no tax, on the highest incomes using five years of tax transparency data published by the Australian Tax Office.
Source: Michael West (2020)
Business Ethics Sustainability claims
This company has a number of sustainability claims on its website. These include a "commitment to supporting a range of community-spirited projects across Australia", safety measures, and the advancement of alternative fuels such as biodiesel.
Source: company website (2014)
Business Ethics No tax paid in 2016/7
According to data released by the Australian Tax Office in Dec 2018, this company was one of 2,159 local and foreign-based companies that paid no tax in Australia in 2016-17. Please note however that companies pay income tax on profits, not revenue (total income). While some companies use tax havens and loopholes to avoid paying their fair share of tax in Australia, other companies that paid no tax have perfectly legitimate reasons.
Source: ATO (2018)
Puma Energy International
Business Ethics Sustainability claims
This company has a number of sustainability claims on its website.
Source: company website (2014)
Business Ethics Puma Energy Foundation
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)
Trafigura Beheer BV
Social Selling toxic fuel in Africa
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)
Social Dumping toxic waste in Ivory Coast
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 International (2012)
Business Ethics Corruption in Angola
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)
Business Ethics Corruption
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)
Business Ethics Tax avoidance
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)
Business Ethics Trafigura Foundation
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)
Environment CDP Climate Change Score of C
In 2019, 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 C.
Source: CDP (2019)
Social Modern Slavery statement
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: Modern Slavery Registry (2017)
Information Facing Finance profile
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)
Information BankTrack profile
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)

> About the Icons

Company Details

Type Wholly-owned subsidiary
Employees 1280 in 2018

Contact Details

Address 365 Macarthur Ave, Hamilton, QLD, 4007, Australia
Phone 1300 723 706
Email brisbane.reception@pumaenergy.com
Website www.pumaenergy.com.au

Products / Brands

Puma Energy Australia
Gull, Choice, Peak Fuel & Convenience Stores
Puma Fuel & Convenience Stores


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