Trafigura
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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.
Trafigura Beheer BV | NLD | website |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
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: Public Eye (2016)
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)
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)
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)
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)
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
Type | Private company |
Revenue | US$133 billion in 2013 |
Employees | 8,773 in 2013 |
Subsidiaries | Puma Energy International (50% owned) ![]() 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. - Puma Energy (Australia) Pty Ltd ![]() 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. |
Contact Details
Address | Amsterdam, Netherlands |
Website | www.trafigura.com |
Products / Brands
Puma Energy Australia
Gull, Choice, Peak Fuel & Convenience Stores
Puma Fuel & Convenience Stores |