The small size of our offices and workforce means that our own direct emissions (i.e. Scope 1 and Scope 2) are very limited.
Nonetheless, we are aware, given we arrange the delivery of the commodities we trade, that our Scope 3 emissions are much more substantial. This reflects our extensive use of heavy transportation services, including shipping, railway and road transportation – as well as the significant environmental impacts associated with some of the commodities we trade.
Similarly, the nature of the commodities that we trade means that we, our suppliers and our customers are exposed to a range of climate-related risks and opportunities. These require careful, forward-looking planning and management to ensure that our business – and those of our partners – remain sustainable in the medium- to long-term.