EP Resources AG joins Responsible Commodities Sourcing Initiative
Published on April 29, 2024
London, UK – Responsible Commodities Sourcing Initiative (RECOSI) is pleased to welcome EP Resources AG as a new member, demonstrating their commitment to driving continuous improvement in responsible commodity sourcing.
EP Resources AG is a shipping and commodities trading company based in Switzerland. As a 100% owned subsidiary of EP Power Europe and the EPH Group, they specialise in seaborne freight and the procurement of transitional fuels, metallurgical coal, LNG and biomass. Their dry bulk freight desk was established in October 2019 and completes cargoes including transitional fuels, bauxite, fly ash, grains, iron ore and limestone.
Katie Warrick, Executive Director of RECOSI, stated: “I am delighted to welcome EP Resources to RECOSI. As our first new member since the launch of RECOSI, it is an example of the growing commitment across the industry to responsible and more sustainable supply chains. Our work is only possible through our members’ commitment and leadership, and we look forward to working with EP Resources to pave the way for environmentally and socially conscious supply chain management.”
RECOSI is a membership organisation set-up by large utilities who recognise that by working together they can have a much greater impact on improving the sustainability performance of their commodities supply chains. Our organisation has over a decade of experience in operating an international standard and assurance framework for coal, the Bettercoal Programme, and have expanded our work programme by developing a new gas supply chain due diligence framework.
Juraj Vajda, CFO of EP Resources AG stated: “We’re pleased to join the Responsible Commodities Sourcing Initiative, a pivotal step in demonstrating our commitment to conducting our activities in an environmentally safe and responsible manner. We recognise that by working together, you can have a greater impact and we are eager to collaborate with RECOSI and its members to improve sustainability performance across supply chains.”
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About RECOSI
The Responsible Commodities Sourcing Initiative (RECOSI) is a membership organisation, dedicated to guiding and supporting its members in their due diligence monitoring of supply chains, and supporting producers to enhance their environmental, social, and governance (ESG) performance. RECOSI operates sector-specific assessment and assurance programmes that monitor and evaluate ESG performance, with third-party verification at the core of our work.
More information can be found on our website here: www.recosi.com
About EP Resources AG
EP Resources AG, located in Zug, Switzerland, is a commodities trading and shipping company that is a 100% owned subsidiary of EP Power Europe and the EPH Group. EP Resources procures transitional fuels and provides seaborne freight for EPH’s power facilities located in European Union, which have a generating capacity of over 100 TWh of power. EP Resources also offers their third-party clients a portfolio of LNG, biomass, freight, coals, iron ore and other industrial products, where they add value through origination, shipping, finance and risk management.
Media contacts
Samantha Newman
Sustainability and Stakeholder Engagement Manager
Responsible Commodities Sourcing Initiative
communications@recosi.com
