Overview

The 2030 Agenda for sustainable development

The 2030 Agenda for sustainable development was adopted by all United Nations member states in 2015. It is a plan for action for people, planet and prosperity. Its scale and ambition are supported by the 17 Sustainable Development Goals (SDGs) and 169 targets with the objective of providing a holistic framework for addressing the challenge of sustainable development.

Mercuria’s Agenda 2030 program has been devoted to the company’s commitment to respecting the SDGs since 2019. 

Mercuria’s Agenda 2030

Mercuria is deploying a range of resources in support of its Agenda 2030 program, notably an internal website, a newsletter, and has started the development of tools aiming at embodying the Agenda 2030 objectives as an intrinsic facet of our company’s operation.

We began our Agenda 2030 journey by engaging with our employees to understand their views on the SDGs that they believe are most closely tied with Mercuria’s activities. The feedback from this exercise was used by the organization’s leadership to help to formulate broad, company-wide strategy and goals.  We also monitor the UN’s global assessment of the SDG’s and compare them to our own.

For example, since the COVID-19 pandemic, the UN’s Sustainable Development Goals reports have highlighted that investing in data and information systems is not money wasted. Statistical offices around the world have embraced innovative approaches and forged partnerships, improving the availability of data for evidence-based decisions. This is one of the reasons Mercuria and its subsidiary Minerva Bunkering are contributing data to HUB Ocean’s Ocean Data Platform initiative (previously the World Economic Forum’s Center for the Fourth Industrialization Network).

By using its expertise as users of and suppliers to the global shipping market and as owners of a vessel fleet, Mercuria and Minerva are sharing fuel data to provide increased transparency for environmental impacts from shipping as well as promote data-driven solutions in green shipping.

SDG3: Good health and well-being

Ensure healthy lives and promote well-being for all at all ages.

The UN has reported that many health indicators such as maternal and child health were improving before the threat of COVID‑19 emerged, but the pandemic has halted or reversed progress in many parts of the world. Mercuria has continued to strengthen its own Health and Safety programme, as well as ensuring appropriate attention to our seafarers, and the communities that exist in proximity to our operations.

 

SDG7: Affordable and clean energy

Ensure access to affordable, reliable, sustainable and modern energy for all.

The UN’s SDG reports highlight that whilst the world continues to advance towards sustainable energy targets, the current pace of progress is insufficient to achieve Goal 7 by 2030. There is a persistence of the huge disparities that exist in accessing modern sustainable energy, leaving the most vulnerable even further behind. Beyond the fundamental core of our business to bring energy commodities to markets, Mercuria continues to actively invest in the energy transition, pledging half of investments into these areas by 2025.

 

SDG8: Decent work and economic growth

Promote sustained, inclusive, and sustainable economic growth, full and productive employment and decent work for all.

The UN continues to report that worst economic crisis for decades, caused by the COVID-19 pandemic, has reversed progress towards decent work for all. Mercuria takes great pride in considering the wellness not only of its directly held employees, but also in the efforts of the even larger group of persons employed within the various holdings of the Group. 

 

SDG9: Industry, innovation, and infrastructure

Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation. 

The UN reports describe how the COVID-19 pandemic has shown the importance of industrialization, technological innovation and resilient infrastructure in building back better and achieving the SDGs. Less damage and faster recovery were seen in diversified economies with strong infrastructure. To further this goal, not only is Mercuria increasing its investments to advance the energy transition, but we are also investing in companies that work towards efforts to digitalize, standardize and bring efficiencies to processes in our markets. This can be demonstrated by the co-operation of Mercuria and other market participants in a number of consortium efforts for market improvements, as described on our innovation page.

 

SDG12: Responsible consumption and production

Ensure sustainable consumption and production patterns.

The UN warns that unsustainable patterns of consumption and production are root causes of the triple planetary crises of climate change, biodiversity loss and pollution. Reducing the reliance on natural resources that has set the Earth on an unsustainable course requires increased resource efficiency and circularity measures. For example, so-called e-waste – discarded electrical and electronic equipment – is becoming a fast-growing waste stream that contains both valuable and hazardous materials. For this reason, Mercuria has been investing in companies that are looking to solve this problem. This  includes TechMet (Partner Profile), a privately held company that can produce, process, and recycle “technology metals”, and REEtec (Partner Profile), a Norwegian company that has developed a proprietary, cost-efficient, and sustainable technology to manufacture high-purity “magnet metals”. Both technology metals and magnet metals are critical for the energy transition.

 

SDG13: Climate action

Take urgent action to combat climate change and its impacts.

The UN noted that despite COVID-19 causing a brief reduction in human activities and a dip in fossil fuel emissions, this was eradicated in 2021 as emissions rebounded to a record high. Whilst developed countries have jointly committed to mobilizing $100 billion per year for climate action in developing countries, this is just a fraction of what the UN says is needed to avert the worst climate scenarios. Mercuria has implemented steps across all its offices with regard to its concern for the climate.  Of even greater benefit within this SDG is the company’s investment efforts and the targeted shift in investments and trading mix to the energy transition, lower carbon fuels and environmental products, as highlighted elsewhere on this website.

 

SDG14: Life below water

Conserve and sustainably use the oceans, seas and marine resources for sustainable development.

The UN describes how human activity is endangering the planet’s largest ecosystem, the oceans and seas, and affecting the livelihoods of billions of people. Safeguarding key biodiversity areas (KBAs) is crucial to the sustainability of oceans, but more than half are located outside of any form of protection. The UN has stressed the importance of utilizing satellite tracking data to pinpoint breeding grounds and feeding sites crucial to the preservation of these and other species.  The growing importance of ocean and shipping data is why Mercuria and Minerva Bunkering are providing fuel data to HUB Ocean’s Ocean Data Platform Initiative to promote increased transparency for environmental impacts from shipping as well as promote data-driven solutions in green shipping. Read more in the HUB Ocean partner profile.

We are also proud to support the Reef Alert Network, a not-for-profit organization founded by a group of passionate underwater explorers, marine scientists and researchers with the aim of shaping a new generation of conservation divers ready for action. This new frontier of recreational scuba diving is not only to educate all divers to respect the environment, but also to train them to help science monitor and recover the most threatened habitats. Through its network of conservation volunteer divers, researchers and affiliated dive facilities, they support local diving communities to achieve their goals and all those who want to take action to protect biodiversity in the Mediterranean Sea.

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SDG15: Life on land

Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss.

Healthy ecosystems and the biological diversity they support provide ecosystem services such as the cleaning of air and water which sustain life and increase resiliency in the face of mounting pressures. However, human activities have profoundly altered most terrestrial ecosystems, for example, the world’s forest area continues to shrink, mainly due to agricultural expansion. Despite biodiversity not being a topic at the top of many company’s agendas, it is important for Mercuria as we believe that it is important for the balance of the planet. This is why we are investing to protect nature plant forests and restore biodiversity.

SDG16: Peace, Justice and Strong Institutions

Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels.

The UN continues to report that businesses around the world face obstacles and unfair competition due to corruption. For example, globally, almost 1 in 6 businesses face requests for bribe payments by public officials, most commonly to access essential public services such as water, electricity, and healthcare. Corruption adversely impacts the sustainable development of national economies, yet the adoption of streamlined and transparent business processes can help curb corruption. Mercuria is committed to the principles of the WEF’s Partnering Against Corruption Initiative (PACI). This calls for businesses around the world to commit to zero tolerance of corruption in all its forms. and join collective action initiatives to increase public trust in business, deliver fair markets and level the playing field by fighting corruption. 

 

SDG17: Partnership for the Goals

Strengthen the means of implementation and revitalize the global partnership for sustainable development.

The UN observes that over the past years, the COVID-19 pandemic has severely strained multilateral and global partnerships. However, increased investment in new renewable energy projects, compared to pre-COVID levels, has been one bright spot. As part of its commitment to advancing the energy transition, Mercuria continues to invest in and partner with a broad spectrum of third parties globally to further its contribution to progress on the SDGs.

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