Mercuria CSR report 2023 - Flipbook - Page 15
PLANET 2023
GHG REPORTING AND COMMITMENT
The shift from fossil fuels to cleaner, more
sustainable and renewable sources of energy is
driven by a need to halt climate change, reduce
pollution and improve energy security.
Mercuria plays an active role by promoting
sustainability and investing in technologies and
infrastructure that advance the transition to
this low-carbon economy.
We do not claim to have all the answers, but
we believe in swift, decisive action. As a private
company, we are uniquely positioned to act
with speed and scale, contributing to the
energy transition in three ways:
Pioneering investments: We surpassed our
commitment that half of our investments will be
in all parts of the energy transition by 2025,
having already invested in over 50 companies
across all facets of the energy transition. These
strategic investments are projected to
generate significant CO2 reductions and
removals, propelling us towards a low-carbon
future.
Advancing sustainable supply chains: We
actively source sustainable biofuels, implement
emission-reducing measures in shipping, and
invest in nature-based solutions like forest
preservation and reforestation projects.
collaborates with clients and partners to tailor
solutions that help them achieve their Net Zero
aspirations.
Decarbonizing our own operations: As a
commitment to Net Zero by 2050, we are
dedicated to minimizing our carbon footprint.
Recognizing the complexity of this journey, we
have offset our remaining Scope 1 & 2
emissions since 2022.
This section outlines the underlying approach
and scope for calculating and reporting our
greenhouse gas (GHG) footprint. Detailed
information about our 2023 CO2 footprint can
be found on the Planet 2023 page.
Mercuria has been measuring and actively
reducing its GHG footprint for several years. In
2023, we further refined our efforts by:
Enhancing data quality and collection
processes.
Implementing updated calculations based
on improved data and approaches.
Adapting
our
carbon
accounting
methodologies to align with evolving
standards and guidance.
We remain committed to continuous
improvement in our journey towards a
sustainable future.
Additionally, our Environmental Products team
BASIS OF REPORTING
The aim of this section is to outline and
describe the methodology and scope that
serve as the basis of preparation for the
calculation and reporting of our Greenhouse
Gas (GHG) footprint for the year 2023.
The scope of the report includes the Trading
business and Assets held at Mercuria Energy
Group Ltd, as well as assets held at Mercuria
Energy Group Holdings Ltd level.
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