Purpose, Vision and Values

Our purpose is to shape the future of energy by working across the global supply chain to deliver reliable energy today while supporting the transition to a more sustainable system. In a complex and evolving energy landscape, we bring together expertise, infrastructure and partnerships to help balance affordability, security and sustainability—recognising that energy security and the energy transition must advance together.

Delivering energy where and when it is needed: We connect supply with demand across global markets, enabling efficient, resilient and responsible flows of energy and commodities. Through our trading, logistics and infrastructure capabilities, we help ensure reliable access for our customers while strengthening market stability and supporting secure energy systems.

Supporting energy security and the energy transition: We invest in and collaborate with innovative businesses and technologies that are advancing a lower-carbon energy system. From renewable energy and sustainable fuels to evolving supply chains in critical minerals, we support practical solutions that contribute to both decarbonisation and long-term energy security.

Our strength lies in combining deep market expertise with a diversified asset base and strong partnerships. Through disciplined risk management, market insight and operational capability, we support our customers’ immediate needs while helping to build more sustainable, resilient and secure energy systems. In doing so, we aim to create lasting value for our partners and for society as a whole.

Our vision is to help shape energy systems that are secure, resilient and accessible, providing reliable and affordable energy to support societies and economies worldwide. At the same time, these systems must continue to evolve—reducing environmental impacts, supporting climate goals and operating within broader planetary boundaries.

We see our role as working across markets to enable this balance, combining commercial expertise, infrastructure and partnerships to support both energy security and the transition to more sustainable solutions. These priorities are interconnected: resilient energy systems are essential to enable long-term progress, while innovation and investment in cleaner energy strengthen security over time.

We are advancing this vision by continuing to diversify our activities across energy, metals and critical minerals, while increasing our exposure to lower-carbon energy and sustainable supply chains. Building on the early achievement of our 50% energy transition portfolio ambition, we continue to use this as a guiding benchmark for how we allocate capital and support the development of cleaner and more responsible solutions.

Innovation and collaboration are central to how we operate. We invest in technologies that improve the efficiency, transparency and resilience of commodity markets, while working closely with partners across industry, finance and technology to accelerate practical solutions. Through this approach, we aim to contribute to energy systems that are not only lower in emissions, but also more secure, adaptable and sustainable over the long term.

As a global energy and commodities group, our success is built on a balanced combination of scale, expertise and adaptability. We participate across the value chain — from sourcing and trading physical commodities to managing strategic infrastructure and designing bespoke financing — giving us the agility to operate effectively in both established and emerging markets. This integrated approach enables us not only to meet the demands of today’s energy landscape, but also to anticipate and help shape the markets of tomorrow, including across LNG and critical minerals.

Our business model rests on three core areas of expertise that underpin our strong market position and our ability to navigate the evolving global energy and commodities system:

• Physical commodity trading: We operate on a global scale, navigating the complexities of international markets and optimising supply chains to ensure commodities move efficiently between producers, consumers and intermediaries across energy, LNG and metals markets.
• Strategic asset management: We acquire and operate physical assets that provide stability, flexibility and operational depth—enhancing our trading activities and enabling rapid responses to market dynamics across diverse commodity sectors.
• Bespoke financing solutions: We design and deliver tailored financial structures that give companies the resources they need to grow, invest and adapt in an evolving marketplace, including in areas critical to energy security and the energy transition.

Together, these three core capabilities enable us to deliver end-to-end solutions for clients and stakeholders, whether navigating established commodity markets or advancing into new areas such as LNG, renewables and critical minerals. By blending deep market insight, operational excellence and financial innovation, we create strategies that are resilient, responsive and aligned with long-term value creation. All of this is powered by our people — whose expertise, dedication and collaborative mindset ensure we consistently deliver optimal outcomes in an ever-changing global landscape.

Compliance and sustainability remain at the heart of how we operate. We uphold the highest ethical standards across all jurisdictions, align with environmental regulations and maintain rigorous oversight of human rights throughout our supply chains. This includes proactively identifying and mitigating environmental and social risks, ensuring our growth is both responsible and sustainable.

We take a holistic approach to problem‑solving. While our trading teams specialise in optimising flows and stabilising markets, our investment and structuring teams create integrated solutions that connect trade execution, financing and risk management seamlessly — enabling greater flexibility and resilience for our partners.

Driving progress and efficiency is part of our DNA. We leverage innovation in digitalisation, inventory optimisation and market standardisation, streamlining processes that benefit not only our own operations but also the wider energy and commodities ecosystem, including the fast-growing renewables sector.

Our success is deeply rooted in leadership and collaboration. We believe in transparency, actively share knowledge and build partnerships across the energy and commodities ecosystem — while remaining open to learning from others and enriching our perspectives.

Finally, we are committed to supporting market actors across the supply chain. By working closely with producers and consumers alike, we minimise disruptions, maintain balanced markets and reduce volatility — strengthening resilience and stability across global energy and commodities systems.