SUSTAINABILITY
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 and strives to play a pioneering role in the arena of small commodity trading firms. With this in mind, we are working on a comprehensive assessment that strives to take into consideration all the latest megatrends deemed as relevant by scientists in the sustainability sector. These include, for instance, ecosystem services and planetary boundaries. We want to understand how our company impacts on the environment and on society and how changes to these can potentially impact our Company’s business. This is the so-called concept of double materiality. We also plan to align with international sustainability reporting standards such as GRI, SDGs, SBTIs, SASB and we are working to integrate the EU Taxonomy for sustainable activities. This new assessment, that will be published shortly, will drive our sustainability efforts from 2023 onwards.