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 lower than 52% 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 2024, COSCO SHIPPING Development Co., Ltd. reported total carbon emissions of approximately 236,099,970 kg CO2e, comprising about 46,329,580 kg CO2e from Scope 1 and about 189,770,390 kg CO2e from Scope 2 emissions. This marks a significant increase from 2022, when the company emitted approximately 155,291,000 kg CO2e, with Scope 1 emissions at about 28,186,000 kg CO2e and Scope 2 emissions at approximately 127,105,000 kg CO2e. The company has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. Notably, COSCO SHIPPING Development has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, which may limit its ability to demonstrate a proactive approach to climate commitments. Overall, COSCO SHIPPING Development's emissions data reflects its operational impact, with a clear need for enhanced climate strategies and reduction commitments to align with global sustainability goals.
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| 2020 | 2021 | 2022 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 9,477,890 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 63,840,320 | 000,000,000 | 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.
