Changing perceptions - responsible commodity trading
Commodity traders were among the big winners from the market turmoil unleashed by the global pandemic, with many companies - especially those operating in the energy market - post recording profits. However, the same cannot be said for the reputation of the industry, which was knocked by US regulatory probes and a series of fraud cases in Singapore.
Repairing the damage caused by these incidents will be critical. At the same time the increased focus on environmental, social and governance metrics by consumers, lenders, and other stakeholders means commodity traders have no choice but to focus on sustainability and ensure that their supply chains are transparent..