Mercuria CSR report 2023 - Flipbook - Page 22
PLANET 2023
COMPARISON OF SCOPE 3: 2022 VS. 2023
Chartering emissions: Scope 3 emissions
increased from 2,946,703 Tonnes CO2e in 2022
to 3,298,421 Tonnes CO2e in 2023. In 2023, we
increased our time chartering business by
~140%. This accounts for the majority of the
increase in our Scope 3 emissions. In addition,
the year 2023 witnessed significant impacts on
ocean traffic, for example as a result of attacks
on shipping in the Red Sea, reduced capacity in
the Panama Canal, led to rerouting of vessels
requiring substantially more fuel and thus more
emissions.
In 2023, we commenced tracking and
benchmarking our vessels’ emissions through
Maritech Services Limited’s platform, Sea. This
is done via a direct line of communication with
ship-owners, to obtain actual fuel consumption
data, and emissions are calculated using ISO
emission factors.
Other Scope 3 emissions: Scope 3 emissions
related to business travel has increased from
4,703 Tonnes CO2e to 6,775 Tonnes CO2e
from 2022 to 2023 respectively. This rise in
emissions from our business flights is directly
attributable to the expansion of our global
operations. Our emissions from pipeline
transportation have decreased from 736,455
Tonnes CO2e to 632,499 Tonnes CO2e from
2022 to 2023 respectively.
ENVIRONMENTAL RELEASES
During the 2023 calendar year there was two
occurrences where our operations (inclusive of
both Mercuria’s entities and contractors
working on our behalf) were responsible for
unauthorized releases into the environment
which mandated involvement of authorities at a
state, federal or national level. Instances where
the responsibility for a release, as assessed by
authorities, was not attributed to Mercuria or its
contractors are not included.
In all cases where Mercuria or its contractors
are involved in a situation where there is a
release event, regardless of fault, as a standard
operating procedure the involved operations
will take whatever appropriate actions are
safely available to them to minimize and stop
the source of the release. Our operations will
then ensure that appropriate resources for spill
clean-up are requested for any containment,
recovery or remediation efforts that may be
needed. Concurrently, as appropriate, our
operations will also look to ensure that
governing authorities have been properly
notified irrespective of potential fault.
None of the release events resulted in any
injuries or other hazardous situations such as
fires or explosions. For any clean-up activities
mandated to Mercuria’s entities or contractors,
those efforts were conducted to the
satisfaction of the overseeing authorities. As a
matter of standard practice, subsequent to any
significant event, we ensure that a follow-up
investigation is conducted to assess the
contributing factors that caused the event with
the aim of identifying preventative measures
that might help guard against similar
recurrence.
Owing to our HSE related compliance errors,
we paid fines in the amount of USD 14,960
during the 2023 calendar year. By appropriately
taking responsibility for our failures, we worked
with
authorities
to
reach
settlement
agreements with no other restrictions or
covenants placed upon our business.
For clarity concerning these statistics,
authorized / permitted discharges, and
instances where notification to authorities was
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