The first step to managing GHG emissions and risks is to measure them. In 2021, Mocoh had little to no visibility of the carbon footprint or intensity of its oil and oil product trades, and requested CarbonChain’s support. Today, Mocoh tracks supply chain emissions from initial crude oil extraction to final product combustion, so it can identify reduction opportunities, tackle risk and share data transparently with stakeholders, while diversifying its trading portfolio.
Headquartered in Geneva, Mocoh supplies essential energy and resources to its customers across the African continent. Providing reliable and transportable access to these necessary resources is the primary requirement for its customers to maintain their economies and move forward. Mocoh wants to operate at the frontier and help accelerate the transition to cleaner, lower-carbon fuels.
Mocoh wants to lead the way by publishing its first effort to identify sources of carbon emissions from across its supply chain.
Acknowledging that transparent information and partnering across all stakeholder groups is key to progressing in the complex energy transition, Mocoh knew that it first had to start measuring emissions from across its supply chain, in order to:
This is just the beginning of the journey for Mocoh and there is work to be done to improve the accuracy of its information. Mocoh knows it does not have all the answers and recognises that transparency and collaborative partnerships are key to pursuing its goals.
In 2021, Mocoh began using CarbonChain — the trusted solution for commodity trade carbon accounting.
Step 1: Setting the boundary
Mocoh wanted to use CarbonChain to get supply chain GHG assessments of its entire crude oil and oil products trade portfolio for 2021, from cradle to grave.
Step 2: Data collection and mapping
Based on Mocoh’s raw supply chain and trade data, CarbonChain helped Mocoh map out the trade flow and identify all the steps of the supply chain.
Wherever possible, primary commodity origin information was used (this was the case for trades covering 71% of all of Mocoh’s traded oil products). Where primary information wasn’t available, CarbonChain’s team of experts analyzed the gaps and made reasonable assumptions to build out the material flow, in consultation with Mocoh, and conducted the assessment using a comprehensive independent emission factors database.
Step 3: Carbon footprint calculator
This information was uploaded to the CarbonChain platform, which calculated and presented:
Data visualizations provided Mocoh with actionable insights such as:
Mocoh will receive verifiable carbon reports per trade finance provider, for easy sharing with banks;
CarbonChain will work to integrate by API with Mocoh’s Allegro system, to enable even faster calculations and remove the data extraction burden;
Data granularity for logistical routes will be further improved.
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