SCB
SCB Group

Appointment of Board Advisor


Wednesday, February 12, 2020


SCB Group, the world-leading, low carbon commodity brokerage, is pleased to announce the appointment of Ms. Louise Evans as an adviser to the Board. Ms. Evans will in time join the Board and become Chair of the Audit Committee and will begin working with SCB in an advisory capacity effective immediately.


Louise is an experienced finance executive with over 20 years’ experience in board level leadership roles in both listed and private companies with diverse international and sector expertise. From 2015 to 2018, Louise was the Group Finance Director of Braemar Shipping Services PLC and was responsible for all aspects of operational and structural finance. Prior to this, Louise was the Finance Director at Williams Grand Prix Holdings PLC for more than 10 years, where she was a core member of the executive team that led Williams’ successful growth and diversification and successful IPO on the Frankfurt Stock Exchange in 2011.


In her role at SCB, Louise will be advising the Company on matters of corporate governance and financial reporting.


Louise Evans commented:


“I am very pleased to be joining as an adviser to the Board of SCB and ultimately joining the Board and taking up the role of Chair of the Audit Committee. It is exciting to be joining such a diverse and forward-looking business with a very clear vision for the adoption of a low carbon future.”


Kevin McGeeney, CEO of SCB, added:


“We are delighted to welcome Louise to the SCB Board of Directors, initially as advisor and then as Board member. Louise brings a wealth of experience and extremely valuable insight to our Board and management team. We look forward to her contribution given her significant financial experience and the vast experience she has gained from her leadership roles at a range of private and listed companies.


“SCB a now has a majority of females at the Board and Board Adviser level combined. This aligns with our Company vision to be diverse and forward-looking and will have a positive effect on our already progressive business culture.”


For further information, please contact:


Pauline Tainton, Marketing Officer, SCB    + 41 22 365 5310


Camarco, Financial PR    +44 20 3757 4995
Billy Clegg, Jennifer Renwick, Monique Perks


Notes to Editors:


SCB Group is a world-leading commodity brokerage with a mission to promote the adoption of a low carbon future.  Its method is to assist buyers and sellers’ close trades in environmental products.  In this context, SCB has over the last 13 years arranged transactions that have abated 300 million MT of CO2 through activities in Europe, Asia, Africa, and the Americas.


SCB operates in high growth markets and for over ten years has been the world’s largest biofuel broker, holding leading positions in physical and derivative markets including Biodiesel; Ethanol; Waste; Methanol; Carbon; Agriculture; Battery materials; LNG and Energy Derivatives.  SCB is the market leader in its core markets.


SCB has a stable, diverse, aligned management team and strong Board, has a positive, progressive business culture and is profitable, with positive cash flow.  SCB is a high growth business delivering 15% CAGR over the last ten years with a clear future growth strategy.  By 2024 SCB aims to have doubled the size of its business - revenue, staff numbers and CO2 impact.



First Index Trade in Used Cooking Oil


Wednesday, January 15, 2020


SCB Group, the world leading, low carbon commodity brokerage, is pleased to announce that it has brokered the first ever trades of used cooking oil (“UCO”) on an index basis in August 2019.


The ground-breaking trades, which are based on the daily reported pricing on PRIMA T1 NON EU UCO CIF ARA in USD per metric tonne, took place in August and October 2019, due for delivery in 2020.


The PRIMA Index calculates daily trade flows of UCO, providing real-time pricing for the product. The trades will enable both buyers and sellers to pay market price for the UCO at the time of loading.


UCO, which has been internationally traded as a feedstock for biodiesel for the last eight years, has previously been traded on a flat price basis. To date, flat pricing has limited the maturity of the UCO market as suppliers have been unable to offer the product more than two months in advance due to uncertainty around UCO price and shipping costs at the time of loading.


The new index-linked pricing from SCB sets out to change the way UCO is traded, increasing liquidity, allowing buyers to lock in production margins and sellers to lock in profit margins.


Sarah Xavier of SCB commented:


“For too long the UCO market has been hampered as producers’ and suppliers’ only option has been to agree trades on a flat price basis. This clearly has historically benefitted one party at the expense of the other, depending on movement in UCO price between [agreement] and delivery.


“This alternative and highly innovative PRIMA Index UCO product will increase trade liquidity and will allow producers to trade their biodiesel, as well as benefit majors by allowing them to lock in blend stocks to meet government mandates.”


Matthew Stone, Managing Director at PRIMA, added:


“Recycling of wastes is surging in the fight to decarbonise the transport sector. UCO has become the main feedstock used by biodiesel and HVO producers to produce the low carbon intensity fuel supply growth policy-makers require post-2020. PRIMA’s Indexes track global price development and provide the foundations for this key decarbonisation industry to develop.”

For further information please contact:

Pauline Tainton, Marketing Officer, SCB      + 41 22 365 5310


Camarco, Financial PR                                   + 44 20 3757 4995
Billy Clegg, Jennifer Renwick, Monique Perks


Notes to Editors:


SCB Group is a world-leading commodity brokerage with a mission to promote the adoption of a low carbon future. Its method is to assist buyers and sellers close trades in environmental products. In this context, SCB has over the last 13 years arranged transactions that have abated 300 million MT of CO2 through activities in Europe, Asia, Africa, and the Americas.


SCB operates in high growth markets and for over ten years has been the world’s largest biofuel broker, holding leading positions in physical and derivative markets including Biodiesel; Ethanol; Waste; Methanol; Carbon; Agriculture; Battery materials; LNG and Energy Derivatives. SCB is the market leader in its core markets.


SCB has a stable, diverse, aligned management team and strong Board, has a positive, progressive business culture and is profitable, with positive cash flow. SCB is a high growth business delivering 15% CAGR over the last ten years with a clear future growth strategy. By 2024 SCB aims to have doubled the size of its business - revenue, staff numbers and CO2 impact.



Appointment of Board Adviser


Wednesday, January 08, 2020


SCB Group, the world-leading, low carbon commodity brokerage, is pleased to announce the appointment of Ms. Carlota Garcia-Manas as a Board Adviser on issues relating to ESG. Ms. Garcia-Manas is currently Senior Responsible Investment Analyst at Royal London Asset Management (“RLAM”) and will begin working with SCB in an advisory capacity in the new year.


Ms. Garcia-Manas has a strong global network around investment stewardship and ESG research innovation, and has worked in the Environmental Research sector for over 15 years. During her tenure as Senior Analyst at the Church of England National Investing Bodies, she was a Board member of the Church Investor Group. She has been European Lead for the CA100+ Oil and Gas and currently coordinates the Utilities Sector. Carlota also acts as an advisor to the Stakeholder Panel for IPIECA, the global oil & gas industry association, the PRI Global ESG Engagement, Corporate Tax and TCFD Advisory Committees and was a founding member of the Transition Pathway Initiative (“TPI”) and sits at its Technical Advisory Group.


In her role at SCB, Ms. Garcia-Manas will be advising the Company on matters of Corporate Governance and Sustainability, with particular emphasis on ESG regulatory matters and market trends.


Carlota Garcia-Manas, commented:


“I am very pleased to be working with SCB, a company whose progress I have followed for some time. SCB’s mission to promote a low carbon future aligns very closely with my own principles. I have a high regard for the management team and look forward to helping with their low carbon and sustainable growth ambitions in the future."


Kevin McGeeney, CEO of SCB, added:


“We are delighted to welcome Ms. Garcia-Manas to SCB in an advisory capacity. She will bring extremely valuable insight to our Board and management team. With the extensive experience she has gained from her current position at RLAM and previous advisory roles, Carlota will guide SCB towards long-term growth and excellence in corporate governance.


For further information, please contact:


Pauline Tainton, Marketing Officer, SCB    + 41 22 365 5310


Camarco, Financial PR    +44 20 3757 4995

Billy Clegg, Jennifer Renwick, Monique Perks 


Notes to Editors:


SCB Group is a world-leading commodity brokerage with a mission to promote the adoption of a low carbon future. Its method is to assist buyers and sellers close trades in environmental products. In this context, SCB has over the last 13 years arranged transactions that have abated 300 million MT of CO2 through activities in Europe, Asia, Africa, and the Americas.


SCB operates in high growth markets and for over ten years has been the world’s largest biofuel broker, holding leading positions in physical and derivative markets including Biodiesel; Ethanol; Waste; Methanol; Carbon; Agriculture; Battery materials; LNG and Energy Derivatives. SCB is the market leader in its core markets.


SCB has a stable, diverse, aligned management team and strong Board, has a positive, progressive business culture and is profitable, with positive cash flow. SCB is a high growth business delivering 15% CAGR over the last ten years with a clear future growth strategy. By 2024 SCB aims to have doubled the size of its business - revenue, staff numbers and CO2 impact.








 

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