Introduction

The purpose of Mercuria’s Corporate Social Responsibility (CSR) Reports is to communicate openly and transparently with our stakeholders, sharing insights into our governance, our strategy and our achievements.

We are committed to maintaining ongoing, constructive communication with our stakeholders, both external partners and our global team.

Through open and transparent communication, we ensure that important issues are identified, understood and addressed in a timely and coordinated manner.

At Mercuria, we actively seek opportunities to engage in industry initiatives, associations and working groups. We believe that collaboration is key in advancing initiatives and driving meaningful progress. We also support established guidelines and initiatives in order to contribute to the advancement of responsible industry practices.

Our seventh CSR Report follows a structure consistent with previous years. It is organized into two main sections. The first provides a long-term overview of our activities, structured around the four pillars of the World Economic Forum (WEF) reporting framework—Governance, Planet, People, and Prosperity—along with an Overview section of the Mercuria Group. The second section, titled Progress in 2024, presents data and analysis specific to our activities during the 2024 calendar year, using the same WEF framework.

In line with our ongoing commitment to reducing paper consumption, we have developed this dedicated CSR website to share this report with you.

We are continually working to enhance the quality and depth of our data, and we’re pleased with the progress made to date. As our global team and business continue to grow, expanding both our presence and the range of products we trade, we remain focused on strengthening our risk management practices, particularly in addressing human rights and environmental risks.

Each year, we report on emissions from Mercuria’s own operations, as well as those of assets companies (in which we hold equity stakes) held at the Mercuria Energy Group Holdings Ltd level, based on our equity share. The basis for our reporting is explained in detail within this report. Additional information about our policies and activities is available on our website at www.mercuria.com. We already offset all of our Scope 1 and Scope 2 emissions.