COSCO SHIPPING Development Co., Ltd.
COSCO SHIPPING Development Co., Ltd., a prominent player in the maritime and logistics industry, is headquartered in China (CN). Established in 2016, the company has rapidly evolved, focusing on shipping finance, container leasing, and logistics services across major operational regions, including Asia, Europe, and North America. As a subsidiary of COSCO SHIPPING Holdings, COSCO SHIPPING Development stands out for its extensive fleet and innovative solutions tailored to meet the dynamic needs of global trade. The company’s core offerings include container leasing and shipping finance, which are distinguished by their flexibility and competitive pricing. With a strong market position, COSCO SHIPPING Development has achieved significant milestones, contributing to the growth of the global shipping industry and enhancing its reputation as a reliable partner in maritime logistics.
DitchCarbon Score
How does COSCO SHIPPING Development Co., Ltd.'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 Construction Work 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
COSCO SHIPPING Development Co., Ltd.'s score of 20 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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COSCO SHIPPING Development Co., Ltd.'s reported carbon emissions
In 2022, COSCO SHIPPING Development Co., Ltd. reported total carbon emissions of approximately 155,291,000 kg CO2e. This figure includes 28,186,000 kg CO2e from Scope 1 emissions and 127,105,000 kg CO2e from Scope 2 emissions. The company's emissions have seen fluctuations over the years, with a total of about 257,871,000 kg CO2e in 2021 and approximately 73,318,210 kg CO2e in 2020. COSCO SHIPPING has not disclosed any Scope 3 emissions data, indicating a focus primarily on direct and indirect emissions from their operations. Despite the significant emissions figures, there are currently no publicly stated reduction targets or climate pledges from the company, which suggests a potential area for improvement in their climate commitments. The company operates within the shipping and logistics sector, which is under increasing scrutiny for its environmental impact. As such, COSCO SHIPPING's future climate strategies may need to align with industry standards and expectations for sustainability and emissions reduction.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 9,477,890 | 00,000,000 | 00,000,000 |
| Scope 2 | 63,840,320 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - |
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.
COSCO SHIPPING Development Co., Ltd. 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.
