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Matthew Mercury Sustainability Actions

Published climate disclosures

Mercury says it has published full Task Force on Climate-related Financial Disclosures (TCFD) reports since 2020. TCFD is a reporting framework that helps companies explain how climate change could affect their business and finances. In 2023, it also prepared its first Climate Statement under New Zealand’s climate reporting rules and published a Climate Transition Action Plan. These steps show that the company has moved climate reporting from a voluntary effort into a more formal process.

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Runs on renewable electricity

Mercury’s energy business says it generates electricity from 100% renewable sources. The company says this comes from hydro stations, geothermal plants, and wind farms, including New Zealand’s largest wind farm, the 222 MW Turitea Wind Farm. An external article also says Mercury has a pipeline of future development that supports its long-term move toward a low-carbon future. This is a major part of its environmental footprint because electricity generation is its core business.

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Set up ESG governance

Mercury says its executive leadership team reviews ESG work, and the board’s Compensation Committee reviews ESG disclosure. This means ESG is not treated as a side project. It is built into leadership oversight. The company also says it uses a sustainability KPI framework, which is a set of key measures used to track progress over time. This suggests it has tried to make ESG reporting more structured and easier to monitor.

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Supported communities and staff

Mercury says its corporate giving and volunteer work support local communities where it operates. It reports that its giving budget rose by 6% from 2022 to 2023 and that 62 organisations were supported in the past year. The company also says it gives staff two fully paid volunteering days. These actions link its ESG work to community support and employee involvement, not just environmental goals.

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Improved office electricity supply

Mercury says it achieved 100% green electricity supply for its Irish offices and facilities. In plain terms, this means the electricity used at those sites came from renewable or otherwise certified green sources. The company also says it neutralised 33,000 kg of CO2 emissions through a tree-planting initiative. Carbon neutralisation usually means balancing emissions with actions meant to remove or offset them, although the exact quality of such claims depends on the method used.

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Reviewed supplier responsibility

Mercury says responsible sourcing is part of its ESG work, and it has also referred to tracking value chain progress with a sustainability scorecard. A value chain is the full set of suppliers and partners involved in making and delivering a product or service. This suggests the company is trying to look beyond its own operations and check how suppliers fit into its sustainability goals.

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