China Oilfield Services Limited Sustainability Profile
China Oilfield Services Limited (COSL), headquartered in Beijing, China, is a leading player in the oil and gas industry, specialising in offshore and onshore drilling services. Founded in 2000, COSL has established a strong presence in major operational regions, including the South China Sea and various international markets. The company offers a comprehensive range of services, including drilling, well services, and marine support, distinguished by its advanced technology and commitment to safety. COSL's innovative approach has positioned it as a key service provider in the energy sector, contributing to significant milestones in offshore exploration and production. With a robust market position, COSL has achieved notable recognition for its operational excellence and environmental stewardship, making it a trusted partner for energy companies worldwide.
DitchCarbon Score
How does China Oilfield Services 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 Crude Oil Extraction 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 Oilfield Services Limited's score of 0 is lower than 100% 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 Oilfield Services Limited's reported carbon emissions
In 2023, China Oilfield Services Limited (COSL) reported its carbon emissions data, although specific figures for Scope 1, 2, and 3 emissions were not disclosed. The company operates under a revenue of approximately USD 6.22 billion. Emission factors for carbon dioxide emissions relative to revenue were noted, with a value of about 0.00004132 kg CO2e per RMB 10,000 in 2023. This indicates a slight decrease from 2022, where the emission factor was approximately 0.00004471 kg CO2e per RMB 10,000. COSL has not set specific reduction targets or climate pledges, and there are no documented initiatives aimed at reducing emissions. The company is classified as a current subsidiary, and its emissions data is cascaded from its parent organization, China Oilfield Services Limited, without specific SBTi targets or other climate initiatives being reported. Overall, while COSL has shown some progress in emissions efficiency relative to revenue, it lacks comprehensive climate commitments or reduction strategies, reflecting a broader industry context where many companies are still developing robust climate action plans.
How Carbon Intensive is China Oilfield Services Limited's Industry?
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China Oilfield Services 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 Oilfield Services 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.
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