In 2024, the Trafigura Foundation accelerated solutions that promise to bring sustainable, climate-resilient prosperity to vulnerable communities around the world.
After launching the strategy in 2023, the Foundation has over the past year sharpened its focus on meeting the challenges of climate change and strengthening its own expertise, putting the increased support from its sole funder, the Trafigura Group, to excellent use.
The Board’s confidence rests on the Foundation’s portfolio of strong and highly capable partners: from international non-profit The Nature Conservancy to local player Planet Indonesia, and from standard-setter Plan Vivo to emerging innovator Clim-Eat.
These partnerships position the Foundation at the heart of efforts to address the impacts of climate change in all its interconnected facets: from climate-smart agriculture and the sustainable use of nature to the conservation and restoration of ecosystems and disaster management.
The evolution of the Foundation has been noticed within the Trafigura Group. There is heightened interest at all levels of the company in the Foundation’s activities. Many staff members have been inspired to initiate and volunteer for charitable initiatives.
The Group’s broader funding is provided on one important condition: that it is catalytic. We are therefore pleased to see how Foundation partners are leveraging our support to maximise the impact, for instance by developing innovative solutions that can be applied at scale, or to attract additional funding.
With the adaptation finance gap estimated at up to USD 359 billion a year, all actors – from governments and businesses to communities and individuals – will need to work together not only to mobilise the resources needed, but to develop and apply the right solutions.
The Board looks forward to supporting the further evolution of the Foundation and its work, as a convener and mobiliser within and beyond the philanthropic space, in order to make a meaningful contribution in 2025 and beyond.
Andrew Vickerman
Chairman
