Progress in 2022

Agenda 2030

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.

Update on our Agenda 2030 program

Since its inception in 2019, Mercuria’s Agenda 2030 program has been devoted to the company’s commitment to respecting the SDGs. Since beginning our Agenda 2030 journey when we engaged with our employees to understand their views on the SDGs that they believe are most closely tied with Mercuria’s activities, we have deployed a range of resources aimed at embedding the program’s objectives into our company’s day-to-day operations.

Here you can learn more about some of the activities that we undertook during 2022 for each of the SDGs that comprise our Agenda 2030 program.

SDG3 (Good health and well-being)

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

In Peru we partnered with Paskay on the Tullpa+ program to begin installing improved kitchens that will enhance the quality of life of families in rural areas of Peru. The environmentally friendly wood-fired cookstoves are a permanent solution, designed to last over 20 years and improve the quality of life of users without access to domestic gas. The design of the stoves improves cleanliness and comfort conditions during food preparation. Access to the kitchen is made easier so clean, boiled water is readily available which reduces water borne diseases, and the inclusion of a chimney eliminates smoke in the home, improving health and well-being and reducing the prevelence of respiratory illnesses.

SDG7 (Affordable and clean energy)

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

In the Casamance region of Senegal we began our partnership with Barefoot College International to provide access to clean energy, and educational and economic opportunity to this Southern region of Senegal that still suffers from the after-effects of a regional-scale civil warWork has proceeded apace, with four women already fully trained as solar engineers, educators and entrepreneurs who have electrified 250 homes in their communities and surrounding areas, and have begun implementing educational and vocational courses for both children and adults.

Read more about this partnership in the Prosperity in 2022 section.

SDG8 (Decent work and economic growth)

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

We take pride in our efforts to foster a positive work culture that supports our employees’ well-being, growth, and development and continue to introduce programs that help to improve the health, safety, and well-being of our employees. These efforts were recognized in North America in 2022 when we were awarded a bronze-level award for healthcare by Cigna. Also in 2022, we held a photography competition for our seafarers across Minerva to provide a glimpse into the lives they lead at sea and build connection between them and other parts of the company. The initiative was a huge success, and we were overwhelmed with the response with nearly 1000 entries.

SDG9 (Industry, innovation, and infrastructure)

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

We continue to support the revolution and digitalization of the markets in which we trade, and we are committed to using technology and innovation to advance our business and to help the energy transition.

During 2022 we continued our partnership with Rise-X, who helped us to further innovate the digital delivery platform, ADP, used by Minerva Bunkering to ensure customers get the quality and quantity of product that they purchase. Rise-X is now working with us to build a number of new technologies to further modernize our processes and help with our efforts in the carbon space.

SDG12 (Responsible consumption and production)

Ensure sustainable consumption and production patterns.

Reducing the reliance on natural resources requires increased resource efficiency and circularity measures. Discarded electrical and electronic equipment is a fast-growing waste stream that contains both valuable and hazardous materials.

In 2022, we invested in REEtec (Partner Profile), a Norwegian company that has developed a proprietary, cost-efficient, and sustainable technology to manufacture high-purity “magnet metals”, as well as TechMet (Partner Profile), a privately held company that can produce, process, and recycle “technology 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 energy transition is the move away from traditional fuel sources and towards new greener fuel sources and requires the development of new technologies. In 2021, Mercuria CEO Marco Dunand made a public pledge that by 2025, 50% of our investments would be into the energy transition. Since then, we have been increasingly and actively supporting investments in over 50 companies that are involved in lower carbon, more sustainable energy and the technologies associated with it. At the end of 2022, following another successful year of investments, we were well ahead of our goal.

SDG14 (Life below water)

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

We are proud to have begun our support for the Reef Alert Network in 2022, 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.

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. 

In the years since the Paris Agreement, numerous governments and public and private companies have pledged to achieve net zero by 2050. We are ambitious as we see the urgent need for both the provision of low carbon energy as part of the energy transition described above, as well as the protection and restoration of nature. Our Environmental Products team have deep expertise in low-carbon investments and the global carbon markets. Already active in over 15 countries on 6 continents, the team continued to invest in 2022 across various nature-based solution categories, including direct land purchases, and management of existing forests, reforestation and restoration projects that include biodiversity benefits.

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 which adversely impacts the sustainable development of national economies. In 2022 we remained committed to the principles of the WEF’s Partnering Against Corruption Initiative (PACI). We also continue to be a full member of the Maritime Anti-Corruption Network (MACN), along with our subsidiary Minerva Bunkering. We are proud to work alongside other MACN members in the quest to eradicate all forms of maritime corruption and enables fair trade for the benefit of society at large.

SDG17 (Partnership for the goals)

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

The UN observes that since the COVID-19 pandemic there have been severe strains on multilateral and global partnerships. However, during 2022, Mercuria has also been working with various other foundations and not-for-profits as part of its efforts towards the Agenda 2030 SDGs.

We were proud to participate in the Villars Institute Summit of the Villars Institute. Several of our employees spoke on subjects as diverse as Navigating the Energy Landscape, Deploying Trust-Building Technologies and Reshaping the Green Technology Narrative as part of an event focused on solving the energy trilemma through a systems thinking approach.

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