COSCO Shipping Development (Hong Kong) Co., Limited Sustainability Profile
COSCO Shipping Development (Hong Kong) Co., Limited, a prominent player in the maritime industry, is headquartered in Hong Kong. Established in 2016, the company has rapidly evolved, focusing on shipbuilding, leasing, and maritime logistics. With a strong operational presence across Asia and beyond, COSCO Shipping Development is renowned for its innovative solutions in the shipping sector. The company offers a diverse range of services, including the design and construction of various types of vessels, as well as comprehensive leasing options. Its commitment to quality and efficiency sets it apart in a competitive market. COSCO Shipping Development has achieved significant milestones, solidifying its position as a leader in the industry, and continues to drive advancements in maritime technology and sustainability.
DitchCarbon Score
How does COSCO Shipping Development (Hong Kong) Co., Limited'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 Inland Water Transport 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 (Hong Kong) Co., Limited's score of 5 is lower than 86% 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 (Hong Kong) Co., Limited's reported carbon emissions
In 2023, COSCO Shipping Development (Hong Kong) Co., Limited reported significant metrics related to its carbon emissions, although specific total emissions figures were not disclosed. The company has provided data on greenhouse gas (GHG) emissions per square metre of floor area, which stands at approximately 140.0 kg CO2e/m². Additionally, the electricity consumption intensity per employee is about 7,847.9 kg CO2e, and per square metre of floor area, it is approximately 145.11 kg CO2e. Comparatively, in 2022, the GHG emissions per square metre of floor area were about 100.0 kg CO2e, with electricity consumption intensity per employee at approximately 5,803.28 kg CO2e and per square metre at about 106.92 kg CO2e. This indicates a rise in emissions intensity metrics from 2022 to 2023. COSCO Shipping Development (Hong Kong) Co., Limited does not currently disclose specific Scope 1, 2, or 3 emissions data, nor does it have defined reduction targets or initiatives under the Science Based Targets initiative (SBTi). The company is a current subsidiary of COSCO Shipping Development Co., Limited, and any relevant emissions data may be cascaded from its parent company, COSCO SHIPPING Development Co., Ltd., at a cascade level of 1. Overall, while the company has not set explicit reduction targets, it is essential to monitor its emissions metrics and any future commitments to climate action as part of the broader industry context.
How Carbon Intensive is COSCO Shipping Development (Hong Kong) Co., Limited's Industry?
How Carbon Intensive is COSCO Shipping Development (Hong Kong) Co., Limited's Location?
COSCO Shipping Development (Hong Kong) Co., Limited'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 (Hong Kong) Co., Limited 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.
