Mercuria CSR report 2022 - Flipbook - Page 22
following categories under Scope 3 as we consider them most relevant to our business
model:
Category 6: Upstream – business travel.
The primary source of emissions is from our air travel for business. The emissions
are based on details of flights provided and recorded through our travel agency. A
third-party (Atmosfair, a non-profit carbon footprinting & offsetting
organisation[2]) uses this data to provide a detailed calculation using DEFRA
emission factors.
Category 8: Upstream – Leased assets.
A new part of our business this year is the chartering of vessels on time charter,
which are then chartered to third parties for their own use. Emissions are
calculated based on the total actual consumption of fuel across the period of the
time charter during the year.
Category 9: Downstream – Transportation and distribution.
We have included the two main sources of emissions: transportation of all
commodities by marine vessels and gas by pipeline.
Shipping emissions: We include voyage charters for commodities transported
using actual fuel consumption as reported by the ship-owner; for some voyages
where fuel data is not available we have estimated emissions based on the
distance and equivalent vessel fuel consumption using a third party estimation.
Pipeline: For gas transportation by pipeline losses (from either leakages or usage
i.e. to power compressors by the pipeline operator) are estimated by applying
IPCC emission factors based on the volumes transported during the year.
Other Scope 3 categories have been considered in the preparation of this report.
However, we play a unique role in the value chain, which is primarily that of an
intermediary between many parties involved in the exchange of a wide variety of
different commodities and temporary storage. Given this unique position across
many value chains across different industries and that we are not a consumer nor
a significant producer we have not included further categories within our reporting
boundary at present. There are also significant hurdles to gathering suitable data.
We will continue to monitor approaches and guidance for future reporting periods.
[2] https://www.atmosfair.de/en/
Independent practitioner's limited assurance report
On the following pages is the PWC limited assurance report on selected non-financial information
published in this section of the Mercuria CSR report for 2022.
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Mercuria
CSR Report 2022
