China COSCO Shipping Corporation Limited
China COSCO Shipping Corporation Limited, commonly referred to as COSCO Shipping, is a leading global player in the shipping and logistics industry, headquartered in China (CN). Established in 2016 through the merger of China Ocean Shipping Company and China Shipping Group, COSCO Shipping has rapidly expanded its operational footprint across major regions, including Asia, Europe, and North America. The company excels in container shipping, bulk shipping, and logistics services, offering a comprehensive range of solutions that cater to diverse customer needs. With a fleet that ranks among the largest in the world, COSCO Shipping is renowned for its commitment to innovation and efficiency. Notable achievements include its strategic partnerships and significant contributions to global trade, solidifying its position as a key player in the maritime sector.
DitchCarbon Score
How does China COSCO Shipping Corporation Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Maritime Transport industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
China COSCO Shipping Corporation Limited's score of 9 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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China COSCO Shipping Corporation Limited's reported carbon emissions
In 2020, China COSCO Shipping Corporation Limited reported total carbon emissions of approximately 618,605,000 kg CO2e. This figure includes about 219,911,000 kg CO2e from Scope 1 emissions and approximately 398,338,000 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Comparatively, in 2019, the total emissions were about 630,586,000 kg CO2e, with Scope 1 emissions at approximately 221,031,000 kg CO2e and Scope 2 emissions at around 409,555,000 kg CO2e. In 2018, the total emissions were reported at about 525,565,000 kg CO2e, with Scope 1 emissions of approximately 170,331,000 kg CO2e and Scope 2 emissions of about 355,234,000 kg CO2e. Despite these figures, China COSCO Shipping Corporation Limited has not set specific reduction targets or climate pledges, nor does it appear to have cascaded any targets from parent or related organizations. The company’s emissions intensity, measured in kg CO2e per TEU, was approximately 8,860 kg CO2e in 2020, indicating a focus on improving efficiency in its operations. Overall, while China COSCO Shipping Corporation Limited has made strides in reporting its emissions, it currently lacks defined reduction initiatives or commitments to further mitigate its carbon footprint.
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| 2018 | 2019 | 2020 | |
|---|---|---|---|
| Scope 1 | 170,331,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 355,234,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
China COSCO Shipping Corporation Limited is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
