China Merchants Group Limited
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 86% 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 reported total carbon emissions of approximately 242,943,980 kg CO2e, comprising 9,951,600 kg CO2e from Scope 1 and 232,992,380 kg CO2e from Scope 2 emissions. This marked a significant increase from 2020, when the company recorded total emissions of about 9,592,690 kg CO2e, with Scope 1 emissions at 1,393,710 kg CO2e and Scope 2 emissions at 8,198,980 kg CO2e. In 2019, the total emissions were approximately 10,059,620 kg CO2e, with Scope 1 at 1,621,740 kg CO2e and Scope 2 at 8,437,880 kg CO2e. Despite these figures, China Merchants Group has not set specific reduction targets or initiatives as part of its climate commitments, nor does it participate in recognised frameworks such as the Science Based Targets initiative (SBTi). The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the value chain. Overall, while China Merchants Group Limited has made strides in reporting its emissions, it currently lacks defined climate pledges or reduction targets, indicating an area for potential improvement in its sustainability strategy.
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 Merchants Group 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.
