COSCO SHIPPING Energy Transportation Co., Ltd. Sustainability Profile
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 11 is lower than 54% 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 2024, COSCO SHIPPING Energy Transportation Co., Ltd. reported significant carbon emissions, with Scope 1 emissions from mobile combustion reaching approximately 3,914,509,960 kg CO2e and Scope 2 emissions from purchased electricity at about 1,173,770 kg CO2e. This data indicates a continued reliance on fossil fuels for operations, as evidenced by the high Scope 1 emissions. Comparatively, in 2023, the company recorded Scope 1 emissions of about 3,545,989,840 kg CO2e and Scope 2 emissions of approximately 1,131,370 kg CO2e. This reflects a slight increase in Scope 1 emissions year-on-year, suggesting challenges in reducing operational carbon footprints. For the year 2022, COSCO SHIPPING reported Scope 1 emissions of around 3,390,837,320 kg CO2e and Scope 2 emissions of about 1,087,600 kg CO2e, indicating a trend of increasing emissions over the years. In 2021, the total emissions were approximately 3,690,721,490 kg CO2e, with Scope 1 emissions at about 3,688,903,520 kg CO2e and Scope 2 emissions at 1,059,420 kg CO2e. Despite these figures, COSCO SHIPPING Energy Transportation Co., Ltd. has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from a parent organization, indicating that these figures are independently reported. Overall, COSCO SHIPPING Energy Transportation Co., Ltd. faces significant challenges in addressing its carbon emissions, with no clear commitments to reduction strategies or climate pledges at this time.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 3,688,903,520 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 1,059,420 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
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COSCO SHIPPING Energy Transportation 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 Energy Transportation 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.
