China Merchants Group Limited Sustainability Profile
China Merchants Group Limited, headquartered in Hong Kong, is a leading state-owned enterprise with a rich history dating back to 1872. As a prominent player in the shipping and logistics industry, the company operates across various sectors, including transportation, infrastructure, and finance, with significant activities in Asia and beyond. Renowned for its diverse portfolio, China Merchants Group offers unique services such as shipping, port operations, and logistics solutions, setting itself apart through innovation and efficiency. The company has achieved notable milestones, solidifying its market position as a key contributor to China's economic development. With a commitment to sustainable practices and technological advancement, China Merchants Group continues to shape the future of global trade and logistics.
DitchCarbon Score
How does China Merchants Group 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 Real Estate Services 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 Merchants Group Limited's score of 15 is lower than 85% 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 Merchants Group Limited's reported carbon emissions
In 2021, China Merchants Group Limited, headquartered in Hong Kong, reported total carbon emissions of approximately 242,943,980 kg CO2e. This figure includes 9,951,600 kg CO2e from Scope 1 emissions and 232,992,380 kg CO2e from Scope 2 emissions. The company has shown a significant reduction in emissions over the years, with total emissions decreasing from about 9,592,690 kg CO2e in 2020 and 10,059,620 kg CO2e in 2019. Despite these reductions, China Merchants Group has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or initiatives under frameworks such as the Science Based Targets initiative (SBTi). The absence of documented climate pledges or reduction targets indicates a potential area for improvement in their climate commitments. Overall, while the company has made strides in reducing its carbon footprint, further transparency and commitment to climate action could enhance its sustainability profile.
How Carbon Intensive is China Merchants Group Limited's Industry?
How Carbon Intensive is China Merchants Group Limited's Location?
China Merchants Group 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 Merchants Group 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.
