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 62% 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 and 398,338,000 kg CO2e from Scope 2 emissions. The company's emissions for 2019 were slightly higher at 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 reported at 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, China COSCO Shipping Corporation Limited has not set specific reduction targets or climate pledges, nor does it disclose any Scope 3 emissions data. The company has not cascaded any emissions data from a parent organization, indicating that all reported figures are directly from its own disclosures. The reported emissions intensity for the company is approximately 8,860 kg CO2e per TEU in 2020, reflecting its operational efficiency in terms of greenhouse gas emissions per twenty-foot equivalent unit. As the shipping industry faces increasing scrutiny regarding its environmental impact, China COSCO Shipping Corporation Limited's commitment to transparency in emissions reporting is crucial for its stakeholders.
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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 | - | - | - |
How Carbon Intensive is China COSCO Shipping Corporation Limited's Industry?
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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.
