Cargo Services Far East Limited Sustainability Profile
Cargo Services Far East Limited, commonly known as Cargo Services, is a leading logistics provider headquartered in Hong Kong. Established in 1983, the company has built a strong reputation in the freight forwarding and logistics industry, serving major operational regions across Asia and beyond. Specialising in air and sea freight, warehousing, and supply chain management, Cargo Services distinguishes itself through its commitment to customer-centric solutions and innovative technology. The company has achieved significant milestones, including strategic partnerships and expansions that enhance its service offerings. With a robust market position, Cargo Services Far East Limited is recognised for its reliability and efficiency, making it a preferred choice for businesses seeking comprehensive logistics solutions. Its dedication to excellence continues to drive its growth and success in the competitive logistics landscape.
DitchCarbon Score
How does Cargo Services Far East 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 Land Transportation 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
Cargo Services Far East Limited's score of 38 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cargo Services Far East Limited's reported carbon emissions
In 2023, Cargo Services Far East Limited reported total carbon emissions of approximately 2,019,112,694 kg CO2e, with significant contributions from Scope 2 emissions, which accounted for about 4,073,213 kg CO2e. The company has not disclosed any Scope 1 emissions data, and its Scope 3 emissions totalled approximately 2,015,039,481 kg CO2e, primarily from employee commuting. Cargo Services Far East Limited is a current subsidiary of DP World Limited, which influences its climate commitments and reporting. However, the company has not set specific reduction targets or initiatives as part of its climate strategy, nor does it participate in initiatives such as the Science Based Targets initiative (SBTi) or the Carbon Disclosure Project (CDP) at this time. The emissions data reflects the company's ongoing efforts to understand and manage its carbon footprint, particularly in the context of its operations in Hong Kong and globally. As the logistics and transportation industry faces increasing scrutiny regarding climate impact, Cargo Services Far East Limited's commitment to transparency in emissions reporting is a crucial step towards future sustainability efforts.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | - | 0,000,000.00 |
| Scope 3 | 1,334,400 | 0,000,000,000 |
How Carbon Intensive is Cargo Services Far East Limited's Industry?
How Carbon Intensive is Cargo Services Far East Limited's Location?
Cargo Services Far East Limited's Scope 3 Categories Breakdown
Cargo Services Far East Limited's Scope 3 emissions, which increased significantly last year and increased significantly since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories.
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Cargo Services Far East Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Cargo Services Far East Limited has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
