Carbon offsetting and net zero commitments are currently in a patchy and unregulated state. However, regulated carbon credit markets are growing and there is increasing legislation on a global scale around carbon reporting and reduction. When it comes to shipping, the lack of clarity is particularly acute. Voluntary carbon offsetting is unregulated and not always…
Organisations considering a CTRM or commodity management implementation need their technology vendor to understand their business so that they can ensure this complex technology is set up in the best way for their own purposes. Complexity is a vital component of these systems – commodity management usually involves several software systems used by different team…
Under current EU proposals for a carbon border tax, organisations exporting or importing carbon-intensive commodities and energy to the EU will only have until January 2023 to begin planning their processes for monitoring products’ carbon emissions. The EU’s proposed carbon border tax will be paid from January 2026, but includes a transition period from January…
Commodities software is evolving rapidly as producers, traders and buyers use it as a way to improve operational efficiency and create a competitive advantage. One of the most common commodity software programs is the CTRM; commodity trading risk management software. Early versions of this software were designed around helping organisations manage financial risks such as…
As members of long and complex supply chains, metals traders always need to be aware of any emerging trends amongst organisations several stages removed from their own clients. For example, automotive manufacturers are increasingly looking to lower the carbon footprint of the vehicles they produce, such as in battery metals and steel. Today, we consider…
Gen10 have today announced their new NetZero OSTM, an ecosystem of digital apps designed to help global supply chains reach their ESG goals by better managing carbon and other environmental market assets. The new platform offers a range of digital tools for those looking to originate, trade or procure carbon credits. It means organisations can…
Energy commodity producers, traders and buyers have for a long time bemoaned the limitations of traditional ETRM systems that do not support the many complexities of their organisation’s commodity processing workflows. With this in mind, Gen10 Founder & CEO Richard Williamson discusses his thoughts on the future of ETRM and how Gen10 are already solving many of the industry’s challenges. …
LME Week 2021 took place from Monday 11 October, and both the LME Metals Seminar and the LME Sustainability Morning demonstrated the growing importance of sustainability to the metals industry. The London Metals Exchange (LME)’s sustainability drive is strongly influenced by the needs of the market; from producers looking for a fair price for their…
The recent Energy Trading Week conference discussed many of the challenges and opportunities shaping the future of our industry, from finance to renewables and carbon emissions. It also discussed the strategies and technologies helping industry players turn these market developments to their advantage, including the panel session What do future ETRM systems look like? The…
Many people working with energy commodities will either use an ETRM or be aware of this type of software. However, they may be less familiar with the newer software category of Commodity Management. As ETRMs evolved over time and incorporated new features and functionality in response to their clients’ needs to support the entire physical…
