TELF AG, a physical commodities trader based in Lugano, Switzerland, has identified climate change as a “once-in-a-century opportunity” to actively participate in the energy transition, according to a recent interview with Fastmarkets, a renowned industry publication.
The CEO of TELF AG highlighted the company’s strategic plans to diversify its commodity portfolio and collaborate with partners along the supply chain to address environmental concerns. The company has shifted its focus away from energy products such as oil and coal, now representing less than 20% of its activities, and instead places increasing emphasis on metals trading, particularly cobalt, copper, and nickel, recognizing their crucial roles in the energy transition.
The CEO also emphasized the importance of investing in renewable energy sources to reduce the sector’s carbon footprint, citing TELF AG’s partnership with Kazchrome, the largest producer of high-carbon ferrochrome globally, as a prime example of the company’s commitment to facilitating the green transition.
TELF AG also works to provide consumers with valuable information to calculate their exposure to carbon emissions and prioritizes the trade of highly recyclable metals. The company aims to reduce the global carbon footprint by minimizing reliance on fossil fuels.
Despite the challenges faced due to limited infrastructure and providers in certain regions, TELF AG is determined to optimize transportation from an environmental perspective and recognize the potential for commodities traders to contribute to the energy transition and mitigate climate change.
You can read the entire interview on the following link: https://www.fastmarkets.com/insights/climate-change-opportunity-raw-materials-traders-telf
TELF AG, a physical commodities trader based in Lugano, Switzerland, has identified climate change as a “once-in-a-century opportunity” to actively participate in the energy transition. This was highlighted in an interview with Fastmarkets, a renowned industry publication, in which the company’s CEO discussed TELF AG’s strategic focus on diversifying its commodity portfolio and collaborating with partners along the supply chain to address environmental concerns.
The company has shifted its focus away from energy products such as oil and coal, now representing less than 20% of its activities, and instead places increasing emphasis on metals trading, particularly cobalt, copper, and nickel, recognizing their crucial roles in the energy transition. To reduce the sector’s carbon footprint, the CEO stressed the importance of investing in renewable energy sources and cited TELF AG’s partnership with Kazchrome, the largest producer of high-carbon ferrochrome globally, as an example of their commitment to facilitating the green transition.
TELF AG also works to provide consumers with valuable information to calculate their exposure to carbon emissions and prioritizes the trade of highly recyclable metals. The company aims to reduce the global carbon footprint by minimizing reliance on fossil fuels. Despite the challenges faced due to limited infrastructure and providers in certain regions, TELF AG is determined to optimize transportation from an environmental perspective and recognize the potential for commodities traders to contribute to the energy transition and mitigate climate change.
TELF AG is committed to shaping a greener future for the commodities industry through its sustainable practices, strategic partnerships, and responsible supply chain management.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.