STX Commodities Holding B.V.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:1,144 tCO₂e/year
Scope 1 Emissions:75 tCO₂e/year
Scope 2 Emissions:204 tCO₂e/year
Scope 3 Emissions:865 tCO₂e/year
Renewable Energy Share:100% (for residual energy consumption via EACs)
Total Energy Consumption:843 MWh/year
Carbon Intensity:2.6 tCO₂e per employee
ESG Focus Areas
- Environmental impact of products and services
- Carbon emissions and climate change
- Responsible investment
- Our people’s well-being
- Talent attraction, retention and engagement
- Risk management and market compliance
Environmental Achievements
- Traded biofuels and biogas in 2023 saved a total of 637,500 tons of CO₂ equivalent (avoided emissions)
- Secured a €150 million credit facility backed by a diverse portfolio of environmental commodities
- Launched a Special Purpose Vehicle (SPV) for enhanced market accessibility of environmental certificates
- Partnered with BioValue, Perpetual Next, SKW Piesteritz, and Base Carbon Inc. on various projects to amplify impact
Social Achievements
- Increased global headcount by over 180 individuals
- Strategically expanded offices to key energy and business hubs
- Relocated Amsterdam office to sustainable premises (Crossover)
- Established a new human capital development function
- Articulated company values
- Established a Diversity and Inclusion Committee
Governance Achievements
- Implemented a best-in-class Risk Management System based on the three lines of defense model
- Strengthened compliance framework company-wide
- Updated Code of Conduct
- No incidents of corruption registered in 2023
- No legal actions for anti-competitive behavior
Climate Goals & Targets
Long-term Goals:
- Net zero emissions
Medium-term Goals:
- Set science-based targets aligned with the 1.5°C scenario of the Paris Agreement
Short-term Goals:
- Reduce energy consumption and improve efficiency
- Reduce business travel related emissions
Environmental Challenges
- Accurately quantifying Scope 3 emissions due to data reliability from suppliers
- Balancing business growth with carbon footprint reduction
- Managing occasional business travel and employee commuting emissions
Mitigation Strategies
- Moving several offices to more sustainable buildings and installing energy-saving measures
- Implementing a travel policy that encourages conservative and climate-friendly travel principles
- Compensating unavoidable emissions with high-quality carbon reduction and removal credits
- Planning to set science-based targets aligned with the 1.5°C scenario of the Paris Agreement
Supply Chain Management
Responsible Procurement
- Sourcing from environmentally and socially conscious suppliers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards
Certifications: EcoVadis Bronze Certification, CDP Gold Accredited Solutions Provider for Renewable Energy 2023
Awards & Recognition
- Gold Accredited Solutions Provider for Renewable Energy 2023
- Bronze Medal for Sustainability 2023
- Best Trading Company Europe & North America in the Renewable Energy Certificates category, 2020-2024