Mercuria CSR report 2023 - Flipbook - Page 26
PLANET 2023
TCFD REPORTING
GOVERNANCE
renewable energies, and greater electrification.
Leading members of Mercuria engage in daily
discussions
with
Mercuria’s
CEO
on
sustainability-related
topics,
including
Mercuria’s Agenda 2030 and carbon emissions
reduction plans.
Since Mercuria’s establishment, we have
strategically
diversified
our
portfolio,
transitioning from a primarily oil-focused
business model to one that emphasizes lowercarbon energy sources, with a particular focus
on gas and power trading. This aligns with the
objectives of the Swiss EP2050+, which
underscores the importance of electrifying the
energy system. Electrification serves as both a
substitute for higher-carbon fuels and as a
supportive backup for renewable energy
sources, playing a critical role in the energy
transition. Moreover, in 2021, Mercuria
formulated a transition plan and pledged that,
by 2025, more than fifty percent of our
investments would be directed towards the
energy transition. Mercuria has exceeded this
commitment, achieving notable progress by
the end of 2023, a milestone reached as early
as 2022.
Furthermore, a specialized team within
Mercuria focuses on sustainability, social
responsibility, governance, and health and
safety topics. The team meets on a regular
basis, often on a weekly basis, with the Global
Head of Corporate Responsibility & Compliance
being an active participant. Mercuria’s Global
Head of Corporate Responsibility & Compliance
then leads discussions on compliance and ESG
related issues during quarterly board meetings.
This practice ensures that the Board's expertise
informs decisions on future sustainability
matters at the company.
STRATEGY
Mercuria has set out a net zero goal by 2050,
similar to the Swiss Federal Council climate
goals, and continues to work towards this goal.
We align our strategy to the Swiss Energy
Perspective (EP2050+). According to the Swiss
EP2050+, the main levers for reducing
emissions in industry are increased energy
efficiency, the substitution of fossil fuels with
In our Climate Disclosure, we align our
reporting with the Task Force on Climaterelated
Financial
Disclosures
(TCFD)
recommendations, which, along with our
emissions calculations, provide a doublemateriality assessment of our business. This
approach enables us to identify and actively
manage climate-related risks and opportunities
across short-term, medium-term and long-term
horizons.
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