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 higher than 79% 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 219,911,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 398,338,000 kg CO2e from Scope 2 emissions, which are indirect emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the company. Comparatively, in 2019, the company’s total emissions were about 630,586,000 kg CO2e, with Scope 1 emissions at 221,031,000 kg CO2e and Scope 2 emissions at 409,555,000 kg CO2e. In 2018, total emissions were approximately 525,565,000 kg CO2e, comprising 170,331,000 kg CO2e from Scope 1 and 355,234,000 kg CO2e from Scope 2. Despite these figures, there are currently no publicly disclosed reduction targets or climate pledges from China COSCO Shipping Corporation Limited. The company has not reported on Scope 3 emissions, which encompass all other indirect emissions that occur in a company’s value chain. Overall, while the company has made strides in tracking its emissions, further commitments and reduction initiatives would be beneficial in addressing its climate impact.
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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.
