Mercuria CSR Report 2024 - Flipbook - Page 20
PLANET 2024
WEIGHTED AVERAGE CARBON INTENSITY OF MERCURIA TRADED ENERGY PRODUCTS OVER TIME
gCO2e/MJ weighted of Mercuria energy traded products
Trendline
83
81
79
77
75
73
71
69
67
65
While the trend of CO2 intensity is decreasing, the annual
change in our trading CO2 intensity does not always show a
consistent decrease, which is attributed to the natural
fluctuation in trading behaviours in the evolving energy
system across various markets in different years.
Nevertheless, the change shows the enhanced carbon
efficiency of our trading portfolio, aligning with our global
commitment to achieving net zero emissions, while also
ensuring global access to energy.
Beyond broadening our trading portfolio and transitioning
towards more environmentally friendly energy sources, we
remain committed to fostering the development of
innovative low-carbon energy solutions. For examples of
companies we have supported in this venture throughout
2024, please refer to our Partner Profiles.
CARBON MANAGEMENT & CARBON NEUTRALITY
We do As we progress towards our 2050 net-zero goal, we
continue taking significant steps by decreasing emissions
and channeling investments into the low-carbon sector and
nature-based solutions. These efforts are crucial in aiding
the global shift towards net zero, as well as advancing our
company’s own net-zero trajectory. We are dedicated to
investing in the energy transition and are proactively
managing and reducing carbon emissions within our
portfolio of investment companies. Our asset companies (in
which we hold equity stakes) continue to work on reducing
emissions where possible. This includes detecting and
mitigating for leakages and implementing carbon capture
technologies at some of the assets. Additionally, we have
committed to offsetting all of our Scope 1 and 2 emissions
for the year 2024.
2024 CO2 EMISSIONS
Over the years, we have been tracking and disclosing our
greenhouse gas (GHG) emissions footprint, and making
improvements in data collection and our approach. Last
year, we digitized our reporting by partnering with Validere,
a leading emissions management software provider,
supported by a highly skilled team of GHG experts. Validere
supports emission calculations, record-keeping, and
updates to emission and conversion factors. This
collaboration not only digitizes our reporting process, but
also verifies our emissions calculations by recalculating all
emissions for each asset. We continue to use Validere in
2024.
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