Mercuria CSR Report 2024 - Flipbook - Page 22
PLANET 2024
Category 8: Upstream 3 Leased assets
Our time chartering business remains the top contributor to
our Scope 3 emissions, with a value of 1,721,889 Tonnes CO2e
in 2023, increasing to 1,819,132 Tonnes CO2e in 2024. Other
than the business growth, this increase is due to ongoing
conflict leading to issues with availability of vessels and
longer distances travelled by vessels. All these reasons lead
to higher emissions.
In 2024, we continued tracking and benchmarking our
vessels’ emissions through Maritech Services Limited’s
platform, Sea. This is done via a direct line of
communication with ship-owners, to obtain actual fuel
consumption data, and emissions are calculated using ISO
emission factors.
Category 9: Downstream 3 Transportation and distribution
Our emissions from pipeline transportation have increased
from 632,499 Tonnes CO2e to 752,127 Tonnes CO2e from
2023 to 2024, respectively, and our voyage charter emissions
increased from 937,259 to 1,081,830 Tonnes CO2e,
respectively. These increases are a direct result of our
growing business activities. In 2024, we refreshed our
emissions methodology to more accurately track the laden
leg of our voyages. We have not restated 2023 emissions.
ENVIRONMENTAL RELEASES
During the 2024 calendar year there was only one instance
where our operations (inclusive of both Mercuria’s own
entities and contract services working on our behalf) were
deemed responsible for unauthorized releases into the
environment which mandated involvement of authorities at
a state, federal or national level.
None of the release events that occurred during 2024
resulted in any injuries or other hazardous situations such as
fires or explosions. All mandated reclamation activities were
conducted to the satisfaction of the overseeing authorities.
Subsequent to any significant event a follow-up
investigation is conducted to assess causal or contributing
factors with the aim of identifying measures that might help
guard against similar recurrence. As appropriate we also
work to communicate across our various businesses any
