COSCO SHIPPING Energy Transportation Co., Ltd.
COSCO SHIPPING Energy Transportation Co., Ltd., a prominent subsidiary of COSCO SHIPPING Group, is headquartered in China (CN) and operates extensively across major global shipping routes. Established in 2005, the company has rapidly evolved within the energy transportation sector, focusing on the safe and efficient movement of crude oil, liquefied natural gas (LNG), and other energy products. With a fleet that includes advanced tankers and LNG carriers, COSCO SHIPPING Energy stands out for its commitment to innovation and environmental sustainability. The company has achieved significant milestones, including expanding its operational capacity and enhancing its service offerings to meet the growing demands of the energy market. Recognised for its reliability and operational excellence, COSCO SHIPPING Energy Transportation Co., Ltd. continues to solidify its position as a leader in the global energy transportation industry.
DitchCarbon Score
How does COSCO SHIPPING Energy Transportation 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 Maritime 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 Energy Transportation Co., Ltd.'s score of 3 is lower than 95% 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 Energy Transportation Co., Ltd.'s reported carbon emissions
In 2023, COSCO SHIPPING Energy Transportation Co., Ltd. reported total carbon emissions of approximately 3,547,208,230 kg CO2e, with Scope 1 emissions primarily from mobile combustion amounting to about 3,545,989,840 kg CO2e. This represents a slight increase from 2022, where total emissions were approximately 3,391,976,760 kg CO2e, again with Scope 1 emissions dominating. In 2021, the company recorded total emissions of about 3,690,721,490 kg CO2e. Despite the significant emissions figures, COSCO SHIPPING has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or Science-Based Targets Initiative (SBTi) commitments suggests that the company may be in the early stages of formalising its climate strategy. As the shipping industry faces increasing pressure to reduce greenhouse gas emissions, COSCO SHIPPING's future commitments and actions will be crucial in aligning with global climate goals.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 3,688,903,520 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - |
| 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 Energy Transportation 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.
