Mercuria CSR report 2023 - Flipbook - Page 17
PLANET 2023
scope as they progress and develop further.
On an equity share basis, we have accounted
for emissions from the chosen activities and
investments in companies where our
ownership exceeds 20%. The rationale for
selecting this threshold is twofold: obtaining
accurate data becomes considerably more
difficult below this equity level and stakes
smaller than this threshold contributes
insignificantly to the overall emissions footprint.
related operational emissions.
Direct emissions from shipping activities
performed by vessels owned by Mercuria for
marine fuel bunkering.
Scope 2 – Indirect energy imports
Mercuria assets: purchased electricity, steam,
heating and other energy imports.
These assets and investments include three
bio-refining, two mining, six upstream oil and
gas, one warehouse, one alternative fuel, four
terminals, a bunkering and freight businesses.
The emissions also include Mercuria offices,
data centres, transportation via ship or pipeline
and business flights for Mercuria employees.
Mercuria offices and data centres: electricity
and gas purchased.
SCOPES
Category 8: Upstream – Leased assets
Reported for Mercuria’s time chartering of
vessels.
The following is reported in the GHG protocol
scopes:
Scope 1 – Direct emissions
Mercuria assets, activities and companies we
invest in: direct emissions from operational
activities, which includes stationary and mobile
combustion, flaring and venting and other
Scope 3 – Selected categories
Category 6: Upstream – Business travel
Reported For Mercuria’s business flights.
Category 9: Downstream – Transportation and
Distribution reported for transportation of
traded commodities via gas pipeline or marine
vessel.
Further details on our approach can be found
on our CSR 2023 website.
ENERGY MIX
Over time, we’ve strategically diversified our
portfolio through both organic growth and
acquisitions, intentionally moving from a heavy
reliance on oil to embracing lower carbon
alternatives. Our business, once predominantly
oil-based, has evolved significantly. We now
emphasize gas and power trading, a shift
clearly illustrated in the historical data figure on
our traded volumes by product type. The
declining oil versus non-oil ratio in our trades
highlights a consistent trend towards reducing
the proportion of oil products in our total trade
volume.The
transition
towards
more
sustainable energy sources is crucial for the
future of our energy infrastructure. We firmly
believe in the ongoing importance of gas within
this mix, given its role as a more
environmentally friendly option compared to
traditional high-carbon fuels and its reliability in
supporting the integration of renewable energy
sources.
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