CSR Mercuria 2019 - Flipbook - Page 43
lated to travel and office support activities (Scope 3 emissions).
To the extent possible, emissions related to air travel were computed using a method offered by the United Nations’ International Civil Aviation Organization (ICAO). This approach attempts to make use of the
best publically available industry data with consideration for factors such as route specific data, aircraft
type, and passenger load factors. Estimates of GHG emissions by ground and water, as well as staff
commuting; are based on broad assumptions concerning typical employee activities consistent with
the characteristics of Mercuria’s business operations and the locations where our offices are generally
located.
A breakdown of the contributing elements to our estimates of the indirect emissions (Scope 2 and 3)
generated in relation to our business is illustrated in the figure below.
10,000,000
Estimated GHG Emissions (MT CO2e)
1,000,000
100,000
10,000
1,000
SCOPE 2 - Indirect
Emissions, 468
SCOPE 1 - Direct
Emissions,
1,949,423
100
SCOPE 3 - Indirect
Emissions, 4,815
10
1
SCOPE 1 - DIRECT EMISSIONS
SCOPE 2 - INDIRECT EMISSIONS
We are continuing to put in place some more useful metrics to inform of the Scope 1 emissions
which tie directly to the emissions generated as
part of our business to deliver commodities to
the world markets; in the immediate term the
emissions for ships we have chartered or whose
operations we otherwise direct. We are similarly
strengthening our mechanisms to capture information tied more directly to our offices’ and the
general manner in which we operate. It is the
Group’s expectation that as we can provide direct quantification of our impacts, we will be able
to ascertain and hold ourselves accountable for
practical improvements to our day-to-day operations.
SCOPE 3 - INDIRECT EMISSIONS
While the “energy sector” is generally seen as the
largest category source of GHG emissions- it is
the product from this sector that is universally
used by each individual within society. Looking
for solutions to satisfy the needs of all individuals
while concurrently working to reduce the environmental consequence in meeting those needs is
the challenge that faces the global community.
As a world society it is necessary to recognize
the common desire and expectation for quality of
life by all persons; while at the same time looking
to minimize the associated “footprint” in meeting
those demands.
43
