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 46,329,580 kg CO2e from Scope 1 and 189,770,390 kg CO2e from Scope 2 emissions. This marks a significant increase from 2022, when the company emitted about 155,291,000 kg CO2e, with 28,186,000 kg CO2e from Scope 1 and 127,105,000 kg CO2e from Scope 2. The emissions data for 2021 showed a total of approximately 257,871,000 kg CO2e, with Scope 1 emissions at 42,018,000 kg CO2e and Scope 2 at 215,853,000 kg CO2e. In 2020, the company reported total emissions of about 73,318,210 kg CO2e, with Scope 1 at 9,477,890 kg CO2e and Scope 2 at 63,840,320 kg CO2e. Despite these figures, COSCO SHIPPING Development Co., Ltd. has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The company does not currently report Scope 3 emissions, which encompass indirect emissions in the value chain. All emissions data is sourced directly from COSCO SHIPPING Development Co., Ltd. and is not cascaded from any parent or related organization. The company continues to operate within the maritime industry, which is under increasing scrutiny for its environmental impact, highlighting the importance of transparent emissions reporting and climate action.
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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.
