COSCO SHIPPING Development Co., Ltd. Sustainability Profile
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 65% 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 recorded total emissions of about 155,291,000 kg CO2e, with Scope 1 emissions at approximately 28,186,000 kg CO2e and Scope 2 emissions at about 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 as part of its climate commitments, which may limit its ability to demonstrate progress in emissions reduction. The emissions data is not cascaded from any parent organization, and all figures are directly reported by COSCO SHIPPING Development Co., Ltd. The company operates within the maritime and shipping industry, which is under increasing scrutiny for its environmental impact, highlighting the importance of transparent emissions reporting and commitment to sustainability.
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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 | - | - | - | - |
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COSCO SHIPPING Development Co., Ltd.'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.
COSCO SHIPPING Development Co., Ltd. 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.
