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 shown a slight decrease in total emissions compared to 2019, when emissions were about 630,586,000 kg CO2e, with Scope 1 at approximately 221,031,000 kg CO2e and Scope 2 at about 409,555,000 kg CO2e. In 2018, total emissions were reported at around 525,565,000 kg CO2e, with Scope 1 emissions of about 170,331,000 kg CO2e and Scope 2 emissions of approximately 355,234,000 kg CO2e. Despite these figures, China COSCO Shipping Corporation Limited has not set specific reduction targets or initiatives as part of its climate commitments. The company does not currently disclose Scope 3 emissions data, which encompasses indirect emissions in its value chain. The absence of reduction targets indicates a potential area for improvement in aligning with industry standards for climate action. Overall, while the company has made some progress in reducing emissions over the years, further commitments and transparency regarding its climate strategy would enhance its sustainability profile.
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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.
