Mercuria CSR Report 2021 - Flipbook - Page 51
2021 Corporate Social Responsibility
Additional remarks
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.
The data collection and the process for determining CO2 emissions has improved in the current year,
there are still challenges and room for improvement in future years.
We have not completed a detailed uncertainty assessment to quantify model and parameter
uncertainties. In the future we aim to quantify a reasonable range for our estimates.
The scope of the report includes the Trading business and Assets held at Mercuria Energy Group Ltd ,as
well as assets held at Mercuria Energy Group Holdings Ltd level.
Background to GHG emissions reporting at Mercuria
In 2014 Mercuria started to measure the greenhouse gas footprint associated with part of our US
business. The initial focus was on US carbon intensity of imports and exports. In 2019 we broadened the
emissions reporting to cover emission sources that we felt were material and gave an initial view of the
emissions associated with our business activities. We reported the 2019 GHG emissions under Scope 1,
2 and 3 in our first CSR report. This was our first step in reporting wider company GHG emissions but
did not report against a recognised GHG emissions standard. The figures provided an initial estimate of
emissions from our operations and assets, reported against the recognised scopes.
Of the assets reported for 2019/2020/2021:
•
4 are relating to shipping and shipping fuel supply
•
4 are upstream oil and gas companies
•
2 are related to biofuels
•
2 are coal mining
•
1 is a warehouse business
•
Mercuria offices & Mercuria employee transport (scope 3)
The 2019 and 2020 GHG emissions reported were categorised as:
•
Assets: This included the Scope 1 and 2 emissions from assets where Mercuria is owner and/or
majority shareholder via strategic investments that provide synergies with our trading activities
•
Offices/Travel: This included Scope 2 (electricity import) and Scope 3 (mainly business travel but also
included other Scope 3 categories such as waste)
•
Transports: Scope 3 – emissions associated with the transportation of products
Chartered vessels (not owned or operated by Mercuria) were reported as Scope 3 in 2020 having been
included as Scope 1 in 2019.
The assets included in 2019 and 2020 were those with operational and/or management control. The
organisational boundaries did not fully align with one of the three GHG Protocol approaches (operational
control, financial control or equity share basis); the assets included were those where Mercuria had (for
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