Mercuria CSR report 2022 - Flipbook - Page 21
We have also not included assets that are in development stage where we assessed their GHG
footprint to be negligible. We will continue to reassess their relevance and include these in our
reporting boundary as these activities further develop.
[1] This relates to two bio-refining, two mining, four upstream oil and gas, one warehouse, three
terminal, one shipping fuel supply related and one freight business. It also includes Mercuria
offices, data centres and flying for business.
Scopes
The following is reported in the GHG protocol scopes:
Scope 1 – direct emissions
Mercuria assets, activities and investment companies: direct emissions from operational
activities, which includes static or mobile combustion, venting and other related emissions
Includes direct emissions from shipping activities, performed by vessels owned by Mercuria for
marine fuel bunkering
Scope 2 – indirect energy imports
Mercuria assets: power or other energy imports
Mercuria offices and data centres: power and gas purchased
Scope 3 – selected categories
Category 6: Upstream – business travel
Reported for Mercuria’s business flights
Category 8: Upstream – Leased assets
Reporting of emission sources from time chartering of vessels
Category 9: Downstream – Transportation and distribution
Reporting of emission sources from transportation of traded commodities via gas pipeline
or marine vessel
Further detail on approach
The gases included in calculations are those in the Kyoto basket of gases (the largest
contributors are carbon dioxide and methane).
Wherever possible we have relied upon supporting documentation provided by the assets
and investments companies to calculate the emissions from actual consumption or relied
upon GHG reports prepared for the asset for say regulatory reasons. However, in some
instances given the dispersed nature of emissions sources and difficulty obtaining data or
a limited scope of the regulatory reports, estimates have been calculated based on
production data or activity data. In this centralised model, calculations apply common
emission factors and GWPs from the IPCC’s fifth assessment report.
Scope 2 emissions include office energy use and those from our data centres. We have
included offices where we have 15 staff or more and we have included our data centres.
A key part of our business is trading commodities between other parties. This entails
moving physical products across markets globally. Therefore, we have included the
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Mercuria
CSR Report 2022
