Mercuria CSR Report 2021 - Flipbook - Page 39
2021 Corporate Social Responsibility
Scope 1 refers to emissions that are directly emitted through the company’s activity Scope 2 to emissions
that are tied to the purchased electricity, steam, heating or cooling (e.g. electricity used that comes from
the local grid) and Scope 3 to all of the other indirect emissions that occur in the value chain of the
company – upstream or downstream (e.g. the emissions of a vessel that was chartered to transport a
physical commodity). The boundaries were defined, following a control- based approach: we selected
all transportation modes where the product was owned, all of the assets where we owned a majority
stake and all company offices.
While the ideal scenario would be to measure the GHGs emitted directly, an estimation is generally
done by converting the energy consumption (kilograms of fuel, kilowatt-hours of electricity, etc.) into
kilograms of CO2 equivalent with the use of EFs. This provides sufficient accuracy for the data to be
reliable. When less granularity is available, using estimation techniques such as models or conversion
factors enables to recover the fuel consumption which is then converted to kilograms of CO2 equivalent.
MEASURING & REPORTING
ON PROGRESSES
Planet KPIs
Mercuria has been improving its corporate responsibility reporting year on year. We are now in a position
to be able to report on the following topics with increased accuracy; spills and releases, health and
safety issues, and GHG emissions. The increased accuracy in our reporting against sustainability-linked
KPIs is the result of clearly defining an organizational boundary, fine-tuning our metrics, improving our
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