China COSCO Shipping Corporation Limited Sustainability Profile
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 64% 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 approximately 525,565,000 kg CO2e, consisting of about 170,331,000 kg CO2e from Scope 1 and approximately 355,234,000 kg CO2e from Scope 2. Despite these figures, China COSCO Shipping Corporation Limited has not set specific reduction targets or climate pledges, nor are there any initiatives reported under the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from a parent organization, indicating that the reported figures are solely from its own operations. Overall, while the company has made strides in emissions reporting, it currently lacks defined climate commitments or reduction initiatives.
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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 | - | - | - |
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China COSCO Shipping Corporation 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.
China COSCO Shipping Corporation Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
