Mercuria CSR Report 2021 - Flipbook - Page 47
2021 Corporate Social Responsibility
process involves using voyage data including start and end points along with the exact voyage route (via
the noon-reports). Report types are categorised as reports in port or reports at sea. This allows greater
accuracy of the fuel use estimates. For each vessel type, the average daily bunker consumption in-port
or at sea. The calculations include approximate total auxiliary consumption at sea.
We are establishing improved processes for gathering charter vessel actual fuel use to work towards a
complete future calculation of charter emissions based on activity data (fuel type and consumption).
Other transportation
The other transportation sources (11,810 tCO2e from barges, rail, trucks) account for around 0.5% of the
Scope 3 emissions.
We obtained details of the distances travelled along with the amount of the commodity being transported
to calculate the t-kms (tonne-kilometres). We then apply average emission factors from the Global
Logistics Emissions Council Framework for Logistics Emissions Accounting and Reporting (version 2).
Scope 3 reporting of traded commodities
Whilst we report on the emissions associated with the transportation of the physical commodities
we have traded and delivered, we recognise that there are other Scope 3 emissions associated with
commodities we trade when considering the full upstream and downstream processes. Where
commodities are traded multiple times prior to final delivery, the commodities industry continues to
evaluate the most appropriate way to allocate and report emissions, for example, if a cargo of product
is traded multiple times whilst at sea, the process of managing the full Scope 3 emissions continues to
evolve. As Mercuria continues to develop its GHG emissions reporting, this will be a focus area to ensure
we communicate a clear picture of the emissions associated with our business.
Useful links:
• For IPCC pipeline fugitive:
https://www.ipcc-nggip.iges.or.jp/public/2006gl/pdf/2_Volume2/V2_4_Ch4_Fugitive_Emissions.pdf
• For DEFRA flight EF:
https://www.gov.uk/government/publications/greenhouse-gas-reporting-conversion-factors-2020
• For other transport GLEC:
https://www.smartfreightcentre.org/en/how-to-implement-items/what-is-glec-framework/58/
Basis of Preparation
For 2021, the GHG emissions have been calculated applying the following basis of preparation:
► Basis of Preparation date 15th June 2022
► Guiding standard is the GHG Protocol, Revised Edition
► An ‘’Asset’’ in Mercuria context is an operational Company which Mercuria either owns outright
or has operational control , and additionally, we include selected assets in the CSR report with
relevance to the GHG Emissions report.
► GHG Protocol operational control approach has been applied i.e. asset emissions are included where
Mercuria has operational control.
■ Four assets are included for Scope 1 and 2 reporting where Mercuria does not have operational
control. The inclusion of the four additional assets is based on the continuation of assets reported
for 2019 and 2020. There are no assets excluded where Mercuria has operational control.
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