SUSTAINABILITY

  • Home
  • /
  • SUSTAINABILITY



 

OUR AMBITION

We know that commodity traders play a pivotal role in the decarbonization of the global supply chains and economy. That is why FEC pledges to integrate ESG criteria in its decision-making process. Read below to know more about of our sustainability journey.



 

ENVIRONMENT (E)

 

fev5

The Company has decided to take progressive but concrete steps toward the integration of environmental sustainability within its business activity and operations. In 2022, the Company had its Scope 2 and Scope 3 (categories 6 and 7 of the GHG Protocol) emissions calculated, certified and offset by a third-party agent for the first time. This step was a fundamental one in understanding our room for improvement concerning carbon avoidance and reduction measures. Every year, we strive to collect better primary data to determine the footprint of our offices.

We are aware that true, transformative sustainability is not limited to compliance and that offsetting carbon emissions must come after having done everything possible to avoid and reduce emissions. However, the management of the company has deliberated that FEC wanted to start having an impact as soon as possible in its small way. That is why we have offset the total of our estimated Scope 2 and Scope 3 (categories 6 and 7 of the GHG Protocol) emissions for 2022 and 2023.


*Please note that emissions related to the production and use of the products we trade (all Scope 3 categories other than 6 and 7) are NOT currently included in the boundaries of our Scope 3 reporting



 

SOCIAL (S)

FEC aims at creating shared value in the communities in which it operates. This means that our goal is to advance the competitiveness of our Company while at the same time we look to advance the economic and social conditions of the communities in which we operate. On top of that, we engage in CSR activities including sponsorships, donations and volunteering.



 

GOVERNANCE (G)

We expect all of our officers and employees to observe the highest standards of business ethics and respect all applicable laws. In exchange, FEC commits to respecting all rights of employees and associates and conducts annual risk assessments to identify and minimize job hazards that may pose a threat to the health and well-being of our collaborators. We have several policies of good governance in place: Values and Code of Conduct, Sanction and Compliance Policy, Anti-Fraud Policy, Anti-Money Laundering & Terrorism, Responsible Sourcing and Supply Chain Policy.


CLIMATE PROTECTION PROJECTS
We are investing in one climate protection project to offset our CO2 emissions.

sustain3



 

2023

 

SUPPORT CLEAN DRINKING WATER ACCESS IN LAOS

80 % of households in Laos rely on boiling their drinking water to prevent gastrointestinal diseases. However, boiling water releases significant amounts of CO2 emissions, as inefficient cooking methods using wood or coal are common. Therefore, this climate project sells ceramic water filters to provide clean drinking water to rural communities.



 

2022


SUPPORT INDIGENOUS PEOPLE TO AVOID DEFORESTATION IN MATAVEN, COLOMBIA

Forests are, along with oceans and soil, Earth’s biggest carbon sinks. They are also the source of income, culture and identity of many populations, including the indigenous one in Colombia. FEC is supporting the biggest REDD project in Colombia to ensure that forest conservation is given a greater value than deforestation. Find out more here