Trafigura Group

Trafigura Group was founded in 1993. It is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials including oil and refined products, metals and minerals to clients around the world. The company is owned by around 700 of its 8,000 employees who work in 80 offices in 41 countries.
Supporter since 2014

Statement of Support

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 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.

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. 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.

Link to the statement of support on Trafigura's website

EITI Board member

Mr James NICHOLSON

Head of Corporate Responsibility, Trafigura Group