COSCO Shipping Development (Hong Kong) Co., Limited
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 19 is higher than 94% 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 total carbon emissions of approximately 4,128,000 kg CO2e. This figure includes 412,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from mobile and stationary combustion sources. Scope 2 emissions, primarily from purchased electricity, accounted for about 3,479,000 kg CO2e. Additionally, Scope 3 emissions totalled approximately 824,000 kg CO2e, with significant contributions from business travel (759,000 kg CO2e) and purchased goods and services (65,000 kg CO2e). Comparatively, in 2022, the company emitted around 4,700,000 kg CO2e, with Scope 1 emissions at 470,000 kg CO2e, Scope 2 at 3,970,000 kg CO2e, and Scope 3 at 202,000 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023, particularly in Scope 1 and Scope 2 categories. Despite these reductions, COSCO Shipping Development has not publicly committed to specific reduction targets or initiatives, nor have they aligned with the Science Based Targets initiative (SBTi). The company continues to monitor and report its emissions across all three scopes, reflecting its commitment to transparency in climate impact reporting.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 600,000 | 000,000 | 000,000 |
| Scope 2 | 5,423,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 374,000 | 000,000 | 000,000 |
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 (Hong Kong) Co., Limited 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.
