COSCO SHIPPING Holdings Co., Ltd.
COSCO SHIPPING Holdings Co., Ltd., a leading player in the global shipping and logistics industry, is headquartered in China (CN). Founded in 2016, the company emerged from the merger of China Ocean Shipping Company (COSCO) and China Shipping Group, marking a significant milestone in the maritime sector. With a strong presence in Asia, Europe, and North America, COSCO SHIPPING operates a vast fleet that includes container ships, bulk carriers, and oil tankers. The company is renowned for its comprehensive range of services, including container shipping, terminal operations, and logistics solutions, which are distinguished by their efficiency and reliability. As one of the largest shipping companies worldwide, COSCO SHIPPING has achieved notable recognition for its innovative practices and commitment to sustainability, solidifying its market position as a trusted leader in the industry.
DitchCarbon Score
How does COSCO SHIPPING Holdings Co., Ltd.'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 Inland Water 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
COSCO SHIPPING Holdings Co., Ltd.'s score of 13 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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COSCO SHIPPING Holdings Co., Ltd.'s reported carbon emissions
In 2023, COSCO SHIPPING Holdings Co., Ltd. reported total carbon emissions of approximately 19,842,941,000 kg CO2e, with Scope 1 emissions accounting for about 19,828,201,000 kg CO2e and Scope 2 emissions at approximately 14,740,000 kg CO2e. This reflects a continued commitment to monitoring and managing their carbon footprint. Over the years, COSCO has demonstrated a significant focus on emissions reduction, with total emissions decreasing from about 16,014,898,350 kg CO2e in 2017 to the latest figure in 2023. However, specific reduction targets or initiatives have not been disclosed, indicating a potential area for improvement in their climate strategy. The company has consistently reported emissions across Scopes 1 and 2, but there is no available data on Scope 3 emissions, which typically encompass indirect emissions from the value chain. This lack of comprehensive reporting may limit the understanding of their overall climate impact. COSCO SHIPPING's ongoing efforts to address climate change are crucial in the shipping industry, which is under increasing pressure to reduce greenhouse gas emissions. As the company continues to evolve its strategies, transparency in emissions reporting and setting clear reduction targets will be essential for enhancing its sustainability profile.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000,000 | 00,000,000,000 | 000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | - | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | - | - | - |
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.
COSCO SHIPPING Holdings Co., Ltd. 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.
