CSR Mercuria 2019 - Flipbook - Page 42
tered; but also includes estimates
from the assets or facilities we either control or have at least a 50%
interest.
provide the broader image of our global operations.
Mindful that the issue of climate change is global and without regard to borders; included below
is Mercuria’s summary of the estimated Greenhouse Gas (GHG) emissions that can be attributed as part of our global enterprise following the
internationally established considerations for
Scope 1, 2 and 3 sources.
This report offers a view to an overall GHG footprint related to Mercuria’s business. There are
both a variety of approaches available to estimating amounts of GHG emissions as well as in the
consideration of the extent to which an activity is
included or excluded from its calculations. While
the calculations yield specific values as reported
below; it is important to recognize that they remain as estimates which may not be established
with the precision suggested by the numeric values.
We have estimated 1,949,423 metric tonnes of
CO2e as having come directly from our operations, or the sources that we own and control
during 2019. These are held as Scope 1 emissions under the GHG Protocol and within Mercuria are primarily comprised of emissions from our
shipping operations or vessels which we’ve char-
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Emissions from shipping were
estimated based on either specific known volumes of fuels consumed; or, where that information
was not available, general fuel
consumption factors typical for
the size and class of vessel and
consistent with typical voyage activities (including loading, off-loading and general operations while
under way). Similarly, emissions
from facilities were estimated
based on specific fuel consumption information where available;
or on more general equipment
operating parameters where the
specific information was not on
hand. As Mercuria continues to
track and consider these emissions, we expect to be able to
further refine the data upon which the estimates
can be made. We are mindful that in this report
we have not yet been able to include emissions
attributed to some other methods of commodity
transport (such as trucking and rail), and hold this
as an area for improvement in the coming years.
We have estimated that 468 metric tonnes of
CO2e was generated by others but in the direct
support of our operations, such as through purchased electricity, steam or heating for our offices (Scope 2 emissions). We also attributed emissions to our offices’ use of paper (as in printing,
business cards and other similar office materials),
as well as waste gas emissions from the landfill
following disposal of office generated materials.
In making these estimates, Mercuria found it
largely had to rely upon estimates that were tied
to the number of employees within each of its offices. While some of our offices were able to offer more site-specific information; many reported
that the information was obscured within larger
collective groups typical of businesses operating
in complexes or large buildings alongside other
firms.
We have estimated that 4,815 metric tonnes
of CO2e was generated indirectly through the
course of our conducting business; primarily re-
