Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Ethical Business Conduct
• Human Rights
• Environmental Impact
• Food Security

Environmental Achievements

• Not disclosed

Social Achievements

• STSA implemented a Code of Conduct, accepted by all its members, indicating the sector’s willingness to publicly embrace high standards of behaviour.

Governance Achievements

• STSA implemented a Code of Conduct; Swiss multi-stakeholder dialogue on the UN guiding principles on business and human rights; Swiss based energy sector working with stakeholders in the EITI commodity trading working group to establish an appropriate framework for transparency of payments.

Climate Goals & Targets

Environmental Challenges

• Unraveling of Dodd Frank regulation and its impact on the sector; Anti-globalization sentiment; Misleading headlines from NGOs; Pollution in developing economies; Lack of regulatory harmonization; Increased regulatory burden; Public perception of commodity trading; Lack of public understanding of commodity trading activities; Inconsistent regulation and lack of coordination across governments, NGOs, policy-makers and consumers;Outdated or unrealistic phytosanitary rules; Lack of harmonised regulation on food safety and security; Lack of harmonised approvals of GMO crops globally; Lack of harmonisation globally in how to deal with new plant breeding innovations; High costs of implementing new regulations; Concerns over public health implications from high sulphur fuels; Security of supply concerns and increased demand for consumer goods; Market fragmentation; Outdated national legislations on fuel standards in developing countries; High costs of low-sulphur marine fuels; Practical difficulties in implementing the EU’s anti-avoidance rules; Impact of new regulation negatively impacting the efficiency of physicals markets; Concerns regarding SOx emissions in the shipping industry; Forged commodity-storage receipts; Price volatility in renewable energy markets; Uncertainty around investment in power units due to unpredictable renewable energy volumes; Environmental concerns over existing power generation capabilities.

Mitigation Strategies

• Active engagement with stakeholders; Clear communication; Active engagement with governments and refiners to improve fuel quality; Development of sector-specific guidelines based on the UNGPs; Multi-stakeholder dialogue; Work with the EITI commodity trading working group; Implementation of a Code of Conduct; Investments in agricultural storage; Application of international food safety standards and Codex principles; Engagement with governments to promote wider global acceptance of Codex standards; Increased involvement in certification processes; Development of new low sulphur fuel standards; Restriction of old vehicles from entering markets; Collaboration between exporting and importing countries and the UN to stop the export of dirty fuels to Africa; Implementation of complex automation technology to reduce costs, errors, and improve risk management; Vertical integration for original equipment manufacturers; Consolidation and scaling up of the supply chain; Investment in innovation to reduce cost per trade, reduce leakages in supply chain, increase yield, productivity and profitability; Use of machine learning, robotic process automation and artificial intelligence; Use of blockchain technology to improve efficiency, streamline processes and reduce costs; Joint ventures; Partnership with Swiss trading companies; Development of a comprehensive strategy on the reduction of GHG emissions from ships; Capacity-building work to create global, regional and national partnerships to address maritime energy efficiency.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (drought, flooding)

Transition Risks

• Regulatory changes
• Market shifts
• Energy transition

Opportunities

• Development of energy-efficient products
• Renewable energy

Reporting Standards

Frameworks Used: UN Guiding Principles on Business and Human Rights (UNGPs), OECD Guidelines for Multinational Enterprises, Extractive Industries Transparency Initiative (EITI), Voluntary Principles on Security and Human Rights

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 8 (Decent work and economic growth)
• Goal 9 (Industry, innovation and infrastructure)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)
• Goal 17 (Partnerships for the goals)

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed