Trafigura Group
At the heart of global supply, Trafigura connects vital resources to power and build the world. And we make it our mission to do that responsibly. We listen to society’s needs, and we use our deep understanding of the markets we serve to make supply more efficient, secure and sustainable.
Across our global network, we deploy infrastructure, logistics and financing to connect producers and consumers, bringing greater transparency and trust to complex supply chains. And we invest in renewable energy projects and technologies to help facilitate the transition to a low carbon future. As an employee-owned company, our people are empowered and care about addressing the challenges of a rapidly changing world.
We believe that as a major facilitator of global trade we have a role in disclosing how much we pay to governments, and that governments have an important part to play in disclosing how they use these funds. Since 2014, Trafigura has been an active participant in EITI discussions, disclosing payments to participating governments and driving the development of transparency standards for commodity traders.
Engagement with the EITI
In November 2014, Trafigura became the first independent commodity trading company to support the EITI. The company’s first disclosure, published in 2015, was followed by disclosures with an expanded scope, providing increasingly more comprehensive and granular data.
In 2016, Trafigura disclosed payments made for oil in 2015, to national oil companies on a ‘first purchase basis’ in the following countries: Colombia, Ghana, Mozambique, Norway, Peru and Trinidad and Tobago. Trafigura also disclosed payments made to the governments of Peru and the Democratic Republic of the Congo about mining activities.
Trafigura is providing ongoing support in relation to the promotion and coverage of the EITI Standard for the commodities trading sector, including participation in the commodity trading working group meetings and potential pilots in the future.
In 2019, Trafigura’s Head of Corporate Responsibility was appointed a member of the International EITI Board for 2019 -2021 as a representative of the company constituency.
Strengthening transparency
Trafigura’s policy commits to disclosing payments to National Oil Companies (NOCs), from EITI implementing countries, for crude oil and petroleum products, including gas, as well as associated corporate taxes and licence payments to governments, commencing in December 2015 as part of Trafigura’s Annual Report.
In early January 2021, Trafigura published its 2020 payments to governments report, drawing extensively on EITI's guidance on commodity trading. Learn more about the report on Trafigura’s website.
Read more about how the EITI is setting the standard for commodity trading on the EITI website.
Statement of support for the EITI on Trafigura's website
Company assessment
Download the results of the 2023 assessment of company progress in meeting the Expectations for EITI supporting companies.
