Statement of Support
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 in relation to 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 commodities 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.
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. Trafigura’s annual reports can be consulted here.
This policy follows reporting guidelines under the EITI, both set within the EITI Standard and further elaborated in Guidance Note 18 on SOE Participation in EITI Reporting.
Read more about how EITI is setting the standard for commodity trading here.