Trafigura Group — Ethics Grade F

Trafigura Group receives an overall ethics grade of F (15/100) on CancelCo's corporate accountability database. Sector: Energy. Market cap: Large Cap.

Category scores

• labor: 30
• privacy: 80
• consumer: 50
• environment: 10
• humanRights: 15

Documented incidents (3)

• Brazil Bribery Settlement (high, 2024) — Trafigura agreed to pay over $126 million to resolve U.S. investigations into a decade-long scheme to bribe Brazilian officials. The scheme involved payments to secure business with the state-owned oil firm Petrobras.
• Ivory Coast Toxic Waste Dumping (high, 2006) — The company was linked to the dumping of toxic chemical waste in Abidjan, which lead to thousands of residents requiring medical treatment. While the company settled out of court, it remains one of the worst instances of corporate environmental crime.
• Angola Bribery Indictment (high, 2023) — Swiss prosecutors indicted the company for allegedly bribing Angolan officials to secure oil supply and chartering contracts between 2009 and 2011. The case highlights systemic compliance failures in emerging markets.

Documented good deeds

• Investment in Hydrogen — Established a joint venture (H2 Energy Europe) to develop large-scale green hydrogen production facilities in Denmark.

Ethical alternatives

• Ørsted — Shifted from fossil fuels to 100% renewable focus with high transparency.