The Stakeholder Capitalism Metrics, drawn from established voluntary standards, offer a set of 21 core, universally comparable disclosures focused on four key areas: People, Planet, Prosperity and Principles of Governance. These metrics address issues deemed most critical for business, society and the planet, serving as an industry-agnostic, region-independent tool for companies to report on their sustainability efforts. By facilitating benchmarking and progress tracking, they enhance transparency and accountability, ultimately promoting effective decision-making and shared, sustainable value creation.

Mercuria’s commitment to this initiative manifests in the following ways: 

• Integration into Reporting: We actively incorporate the core metrics into our reporting for investors and other stakeholders, utilizing platforms such as our reports, financial statements, and other relevant materials. This reporting focuses on the metrics most relevant to our specific business model, or transparently explains alternative approaches when relevant. 
• Advocacy and Collaboration: We publicly champion this work and encourage our business partners to embrace it. We recognize the importance of industry-wide collaboration in driving this initiative forward and promoting shared advancements. 
• Standardization and Convergence: We actively contribute to efforts aimed at converging existing ESG standards, frameworks and principles. This focus on aligning non-financial reporting practices on common ESG metrics ultimately leads to a more globally accepted and effective solution for sustainable development. 

“At Mercuria we are keen on industry collaboration and cooperation to bring more standardization to the transparency and operation of the commodity supply chain. We see progress in these areas as key to promoting and facilitating the energy transition through encouraging efficiencies and development. We welcome this initiative as an important step forward.”

Marco Dunand / CEO, Mercuria

Our CSR reporting demonstrates a proactive approach to ESG reporting. Prior CSR reports already reflect the recording and disclosure of several metrics aligned with the WEF white paper. We are continuously refining our program to ensure comprehensive and relevant data collection and disclosure regarding our business’s impact on all stakeholders.

Strengthening governance via committees.

Mercuria empowers two dedicated committees to support the Board of Directors in fulfilling oversight responsibilities:

Compliance & Business Ethics Committee (CBEC):

• Global Expertise: Comprised of a cross-functional team of senior employees from around the globe, the CBEC convenes quarterly to thoroughly review Mercuria’s business activities through the lens of compliance and ethics. 
• Proactive Assurance: The committee continuously evaluates the company’s compliance and ethics programs, policies and procedures, ensuring their effectiveness and alignment with evolving regulations and best practices. 
• Executive Guidance: Through their rigorous reviews, the CBEC informs and empowers senior management’s oversight of Mercuria’s operations, guaranteeing compliance with international laws and regulations, and adherence to the highest ethical standards.

Health, Safety, Security & Environmental, Committee (HSSE):

• Promoting Wellbeing: Dedicated to environmental, health, safety and security across Mercuria’s operations, the HSSE Committee oversees relevant programs, policies and procedures, ensuring the safeguarding of employees, communities, and the environment. 
• Strategic Guidance: The committee actively advises management on implementing robust HSSE measures within the company’s diverse holdings and assets, promoting consistent practices throughout the group. 

The establishment and active engagement of these committees highlights Mercuria’s unwavering commitment to responsible and ethical business practices. They serve as powerful instruments in ensuring that the company’s activities consistently prioritise the well-being of people, places and the environment.

• People welfare: The welfare of our employees, contractors and the general public is our highest priority. We operate with zero tolerance for any situation that jeopardizes well-being within our business activities.
• Environmental responsibility: Recognizing our social contract with communities, we commit to conducting business in an environmentally responsible manner, exceeding even the varying national standards we encounter globally.
• Robust security: We are dedicated to strengthening our defences against both physical and technological threats. Protecting our business, employees, external stakeholders and the wider community from such threats is a constant priority.

The broad scope of responsibility of the HSSE Committee means its influence extends across a diverse range of areas, including: 

• Process and Related Safety Management: Implementing and auditing robust safeguards for personnel and operational integrity. 
• Security: Strengthening physical and cyber security measures to mitigate potential threats. 
• Crisis and Emergency Management: Preparing for and effectively responding to unforeseen contingencies. 
• Compliance with Operational Permits: Ensuring adherence to all relevant environmental and safety regulations. 
• Environmental Protection: Minimizing our environmental footprint and actively pursuing sustainable practices. 
• Sustainability Topics: Leading the way in integrating sustainability considerations into our operations and future strategies.

Beyond these specific areas, the committee maintains the authority to identify and address any emerging HSSE issues that may arise. 

The HSSE Committee plays a critical role in fulfilling Mercuria’s commitment to safety, security, and environmental responsibility. Its dedication ensures that we operate as a responsible and ethical company, prioritizing the well-being of our people, customers, and the environment while paving the way for a sustainable future.

Mercuria is dedicated to fulfilling its legal and social obligations when it comes to tax. We consistently strive for best practices in accuracy and timeliness, across the thousands of tax returns filed by our finance team each year.

Beyond simply complying with regulations, Mercuria ensures its operations in low-tax jurisdictions are firmly grounded in legitimate commercial substance and economic activity. When navigating complex tax matters or encountering significant uncertainties, we leverage the expertise of external advisors to ensure responsible and transparent actions. 

We value open and trust-based relationships with tax authorities across all our operating jurisdictions. This commitment manifests through various actions: 

• Diligent Compliance: We diligently adhere to all relevant tax legislation, regulations and obligations in each jurisdiction. 
• Prompt and Accurate Filings: We meet all tax filing, return and payment deadlines accurately and on time. 
• Responsible Tax Contribution: We consistently pay the correct amount of tax in a timely manner. 
• Collaborative Approach: We proactively work with tax authorities to address material uncertainties and seek early agreement wherever possible. 
• Zero Tolerance for Evasion: We firmly oppose and do not tolerate any form of tax evasion, including by individuals employed or contracted by or on behalf of Mercuria. 

New employees are guided through the Code of Conduct with particular attention given to certain aspects, such as the Whistle-blower policy. Mercuria requires certain of its business partners to review and attest to compliance with its Code of Conduct. The company has implemented procedures to ensure that its business partners are aware of Mercuria’s guiding principles and the expectations it has for the way they conduct business. Mercuria’s Code of Conduct is published digitally on our website, our internal intranet site, and is available in hard copy in our offices around the world.