Mercuria CSR report 2022 - Flipbook - Page 4
We have a strong balance sheet and credit
lines. As we are a private company, we can
decide things very quickly within our strong
risk management framework, and come up
with the capital needed to act.
Our day to day physical trading activities have
always contributed to energy security and
affordability and it is at the core of Mercuria’s
strategy to actively contribute to
environmental sustainability.
We are all residents of our planet and we want
to ensure that it is protected and preserved.
The world is currently experiencing a climate
crisis, resolution of which is now critical for the
protection of our environment for our future
generations. As a trader of commodity
products we have an active role to play in the
world’s transition to cleaner fuels. There are a
number of ways in which this strategy has
been integrated into our business. It is our
responsibility to help organizations to procure
and transition to cleaner products. Our
expertise, global reach, mature risk
management, and expert pricing skills mean
that we are perfectly matched to be able to do
our part to progress toward a net zero
economy.
We have been ahead of the curve on our
transition strategy for a number of years. You
can read more about our product mix in Planet
in 2022 and about some of our investments in
the Partner Profiles. As a responsible company
we aim to drive the transition in a responsible
way.
Under investment in new technologies and
infrastructure has been a reality for a number
of years and this is another area where we feel
we have a role to play. We have made a public
commitment to have 50% of our investments
in transition and renewable energies by 2025
and we believe that we will reach this target
04
before our committed date. During that last
few years we have been increasing our
investment in various new and transition
technologies which has allowed us to build up
expertise in areas which we believe will be key
to the future energy mix.
As part of our commitment to the energy
transition we have offset our scope one and
scope two emissions from 2022.
We also believe that nature is going to have to
play its role in the transition, because when
the world talks about net zero, it doesn’t mean
absolute zero. Something has to capture
carbon from the air. There are many different
methodologies for this, including direct air
capture. But we believe that investing into
protecting forests, in tree planting, and into
preservation of wetlands and biodiversity will
have a big part to play. We have invested
personally and with the company half a billion
dollars into these nature based solutions and
biodiversity enhancement. We have people on
location in over 30 countries, have developed
satellite monitoring of land use, and we have
specialists reforesting the places that need to
be reforested.
We look forward to continuing to work with
our partners and employees on achieving our
goals and continuing to grow Mercuria as a
responsible and successful company.
Marco
Marco Dunand
CHIEF EXECUTIVE OFFICER
Mercuria
CSR Report 2022
