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Climate Adaptation

Trafigura, Palantir Target Scope 3 Emissions With New Platform

Vapor from cooling towers at a South African coal plant.

Vapor from cooling towers at a South African coal plant.

Photographer: Waldo Swiegers/Bloomberg

Trafigura Group, one of the world’s largest commodity trading houses, is building a carbon emissions tracing platform with data services provider Palantir Technologies Inc.

The platform will allow commodity market participants, including Trafigura customers, to track, model and forecast supply-chain emissions as they come under increasing pressure from investors to do more about scope 3 emissions, the carbon they indirectly generate. The initial focus will be on emissions relating to oil and metals, with industrial consumers starting to pay a premium for low-carbon versions of aluminum products made with renewable energy.