Geneva - 8 March 2021
Impala Terminals (the "Company") today announced the start of its certified carbon neutral freight service. The service gives customers visibility into the indirect greenhouse gas (GHG) emissions generated by the transportation of their shipments of non ferrous metals and minerals via container, while empowering them to offset these emissions by providing essential funds to impactful carbon finance projects across the world.
Impala Terminal's carbon neutral freight service provides customers with accurate calculations of indirect ‘Scope 3' GHG emissions from the points of collection to the points of delivery of their cargoes. This offers customers a flexible way to compensate for the unavoidable GHG emissions created by the transportation of their cargoes, allowing the effective management of their environmental impact.
Prior to the launch of this service, Trafigura, Impala Terminals' joint owner and major customer, had already embarked on the use of the carbon neutral freight service in transporting nickel precipitates via sea container originating from Terrafame's mine and refinery in Sotkamo, Finland to destination ports in China. All shipments have been certified as CarbonNeutral® deliveries since the start of the initiative in early 2021, in accordance with The CarbonNeutral Protocol, the leading global framework for carbon neutrality. To offset the freight service's emissions, a verified emission reduction project was chosen in Colombia - a region where both Trafigura and Impala Terminals have a significant business presence. The project aims to protect the Chocó-Darién Rainforest, one of the most biologically diverse areas in the world, from deforestation.
Nicolas Konialidis, CEO of Impala Terminals, said: "This new service compliments Impala Terminals' proactive efforts to reduce its operational emissions and manage its carbon footprint. We can now help our customers, including raw material suppliers for the electronics, batteries and electric vehicle industries, to measure and offset greenhouse emissions along their supply chain. As a global logistics leader we are committed to upholding our responsibility in addressing climate change, and will continue to engage with our operating partners and customers in identifying new avenues towards a lower-carbon future."
The carbon neutral freight service is independently verified by carbon neutrality and climate finance experts, Natural Capital Partners, to meet CarbonNeutral® delivery certification, in accordance with The CarbonNeutral Protocol. Customers will be able to brand their deliveries as certified CarbonNeutral®.
About Impala Terminals
Independent commodity trading company Trafigura and global investment management firm IFM Investors set up 50:50 joint venture Impala Terminals in 2018 to own and operate a network of base metals terminals infrastructure in Mexico, Spain and Peru. The joint venture also includes refined products storage, distribution and fluvial operations in Paraguay and a Swiss-based operation, which provides global freight forwarding and multimodal transportation services in the African Copperbelt. For further information visit: www.impalaterminals.com
About Natural Capital Partners
Natural Capital Partners was founded in 1997 and has teams in the US, Europe and Central America. With more than 300 clients in 34 countries, including Microsoft, MetLife, Logitech, PwC, Sky and Ørsted, Natural Capital Partners is harnessing the power of business to create a more sustainable world. Through a global network of projects, the company delivers the highest quality solutions which make real change possible: reducing carbon emissions, generating renewable energy, building resilience in supply chains, conserving and restoring forests and biodiversity, and improving health and livelihoods. It has been recognised as Environmental Finance Best Offset Retailer for the past ten years.
The CarbonNeutral Protocol was created and is managed by Natural Capital Partners. It was the first clear set of guidelines for businesses to achieve carbon neutrality in 2002, and every year since then Natural Capital Partners has continued its commitment to providing a robust framework for clear, transparent and high quality carbon neutral action. The Protocol is updated annually with input from an Advisory Council of external experts to ensure it reflects the latest industry and scientific best practice. For further information visit: www.carbonneutral.com/protocol
Founded in 1993, Trafigura 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 and metals and minerals) to clients around the world and has recently established a power and renewables trading division.
The trading business is supported by industrial and financial assets, including a majority ownership of global zinc and lead producer Nyrstar which has mining, smelting and other operations located in Europe, Americas and Australia; a significant shareholding in global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; and Galena Asset Management. With circa 850 shareholders, Trafigura is owned by its employees. Over 8,500 employees work in 48 countries around the world.
Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD147 billion in 2020. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade. Visit: www.trafigura.com
Trafigura Group Pte. Ltd. press release