Mercuria CSR report 2023 - Flipbook - Page 19
PLANET 2023
CO2 INTENSITY OF COMMODITIES TRADED
energy portfolio.
Besides the percentages of products in our
trading portfolio, we also focus on the carbon
footprint of these products. The figure
presented below illustrates the carbon intensity
of the energy commodities we trade, measured
in grams of CO2 equivalent (g CO2e) per
megajoule (MJ) of energy. This evaluation
encompasses our portfolio of traded energy
products, which consist of oil, gas, power, and
coal, as well as associated products like carbon
certificates. Please note that our trading
activities in metals are not included in this
analysis. The trend depicted in the figure is
downward, indicating a shift away from
traditional fuels towards greener alternatives.
This includes an increased emphasis on trading
in gas, power, carbon certificates and other
clean energy products, aligning with our
commitment to reducing carbon intensity in our
While the trend of CO2 intensity is decreasing,
the annual change in our trading CO2 intensity
does not always show a consistent decrease,
which is attributed to the natural fluctuation in
trading behaviours in the evolving energy
system across various markets in different
years. Nevertheless, the change shows the
enhanced carbon efficiency of our trading
portfolio, aligning with our global commitment
to achieving net zero emissions, while also
ensuring global access to energy.
Beyond broadening our trading portfolio and
transitioning towards more environmentally
friendly energy sources, we remain committed
to fostering the development of innovative lowcarbon energy solutions. For examples of
companies we have supported in this venture
throughout 2023, please refer to our Partner
Profiles.
WEIGHTED AVERAGE CARBON INTENSITY OF MERCURIA TRADED ENERGY PRODUCTS
OVER TIME
gCO2e/MJ weighted of Mercuria energy traded products
Trendline
gCO2e/MJ weighted of Mercuria energy traded products
Trendline
100
80
100
80
60
40
20
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
20
16
20
17
20
18
20
19
20
20
20
21
20
22
20
23
0
60
40
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