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 18 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
COSCO SHIPPING Development Co., Ltd.'s reported carbon emissions
COSCO SHIPPING Development Co., Ltd., headquartered in China, reported significant carbon emissions in recent years. In 2022, the company emitted approximately 155,291,000 kg CO2e, with 28,186,000 kg CO2e from Scope 1 and 127,105,000 kg CO2e from Scope 2 emissions. This marked a notable increase from 2021, when total emissions were about 257,871,000 kg CO2e, comprising 42,018,000 kg CO2e from Scope 1 and 215,853,000 kg CO2e from Scope 2. In 2020, the emissions were approximately 73,318,210 kg CO2e, with 9,477,890 kg CO2e from Scope 1 and 63,840,320 kg CO2e from Scope 2. Despite these figures, COSCO SHIPPING Development has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of commitments to the Science Based Targets initiative (SBTi) or other climate pledges suggests a need for further action in addressing climate change. The company operates within an industry increasingly focused on sustainability, highlighting the importance of establishing clear emissions reduction strategies to align with global climate goals.
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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 committed to any reduction initiatives 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.
