Mercuria CSR Report 2021 - Flipbook - Page 19
2021 Corporate Social Responsibility
The two charts below illustrate both the growth of our traded volumes since inception and, bearing in
mind the objective of shifting towards energy transition, the relative evolution in our treaded energy
mix towards more “non-oil” products.
Volumes history in million Metric Tonnes of Oil Equivalent
(MTOE)
400
349
350
322
331
356
368
354
347
273
300
250
183
200
150
100
50
30
39
45
61
86
101
117
195
121
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Oil
Metal & Ore
2016 2017 2018 2019 2020 2021
Gas
Oil/Non-Oil ratio
100%
50%
100%
100%
100%
100%
5%
10%
20%
28%
95%
90%
80%
72%
53%
49%
61%
47%
51%
39%
2012
2013
2014
64%
75%
74%
71%
72%
67%
64%
28%
33%
36%
26%
25%
26%
29%
2015
2016
2017
2018
2019
2020
2021
0%
2004
2005
2006
2007
2008
2009
2010
2011
Oil
Non-oil
CO2 Intensity of commodities traded
The average carbon intensity of Mercuria’s current energy mix is significantly lower than that of
worldwide energy production and ahead of where the IEA projects the world will need the hydrocarbon
energy mix to be by 2040 in its Roadmap to Net Zero.
Furthermore, the carbon intensity of traded energy products is still trending downwards as the firm
continues to evolve its product suite away from traditional coal and oil fuels to encompass more gas,
power and other cleaner energy products. The decrease will never be linear year-on-year due to natural
variance in trading activity across different markets between years. Overall through our deliberate
evolution to supplying cleaner forms of energy, the carbon intensity of the supplies the Group has
delivered to the market is making a positive contribution to the shared global objective toward reducing
CO2 emissions while concurrently supporting universal access to energy.
For 2021 this is shown as intensity of energy commodities (emissions (g CO2e) per unit of energy (MJ))
as well as looking at all commodities, energy products and non-energy products (i.e. inclusion of metals
and carbon trading).
The emissions factors for the energy products are shown below and represent upstream and use of
products (for transport this is referred to as well to tank plus tank to wheel). The decline over the years
reflects the shift towards lower intensity fuels.
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