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COSCO SHIPPING Development Co., Ltd., a prominent player in the construction work industry, is headquartered in China (CN) and operates extensively across various regions. Founded in 2016, the company has quickly established itself as a leader in the construction sector, focusing on innovative solutions and sustainable practices.
Specialising in the development of shipping and logistics infrastructure, COSCO SHIPPING Development offers a range of services that include project management, engineering, and construction. Their commitment to quality and efficiency sets them apart in a competitive market.
With a strong emphasis on technological advancement and environmental responsibility, the company has achieved significant milestones, positioning itself as a key contributor to the global construction landscape. COSCO SHIPPING Development continues to drive progress in the industry, reflecting its dedication to excellence and innovation.
-6 vs industry average
COSCO SHIPPING Development Co., Ltd.’s score of 18 is lower than 27% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Construction Work is among the most carbon-intensive industries
The Construction Work industry has reduced its overall emissions by 39% since 2018
Scope 3 accounts for ••• of total emissions.
COSCO SHIPPING Development Co., Ltd., headquartered in China and operating within the construction work industry, reported its total carbon emissions for the 2024 fiscal year as approximately 236.1 million kg CO2e. This figure comprises Scope 1 emissions of about 46.3 million kg CO2e and Scope 2 emissions of approximately 190.1 million kg CO2e. For the 2023 reporting year, the company's total emissions were approximately 279 million kg CO2e, with Scope 1 emissions around 268 million kg CO2e, Scope 2 emissions at about 10 million kg CO2e, and Scope 3 emissions at approximately 1 million kg CO2e.
In 2022, COSCO SHIPPING Development Co., Ltd. reported total emissions of approximately 279 million kg CO2e, including 268 million kg CO2e for Scope 1, 10 million kg CO2e for Scope 2, and 1 million kg CO2e for Scope 3. Similarly, for 2021, total emissions were about 279 million kg CO2e, comprising 268 million kg CO2e for Scope 1, 10 million kg CO2e for Scope 2, and 1 million kg CO2e for Scope 3.
Earlier data shows that in 2020, the company's Scope 1 and Scope 2 emissions summed to approximately 73.3 million kg CO2e, with Scope 1 at about 9.5 million kg CO2e and Scope 2 at approximately 63.8 million kg CO2e. In 2018, total reported emissions were around 445,970 kg CO2e.
COSCO SHIPPING Development Co., Ltd. does not currently have stated reduction targets, nor are there any Science Based Targets initiative (SBTi) commitments reported for the company.
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No climate goals have been disclosed for COSCO SHIPPING Development Co., Ltd. yet.
No scope 3 category breakdown has been disclosed yet.
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