COSCO SHIPPING Holdings Co., Ltd.
COSCO SHIPPING Holdings Co., Ltd., a leading player in the global shipping and logistics industry, is headquartered in China (CN). Founded in 2016, the company emerged from the merger of China Ocean Shipping Company (COSCO) and China Shipping Group, marking a significant milestone in the maritime sector. With a strong presence in Asia, Europe, and North America, COSCO SHIPPING operates a vast fleet that includes container ships, bulk carriers, and oil tankers. The company is renowned for its comprehensive range of services, including container shipping, terminal operations, and logistics solutions, which are distinguished by their efficiency and reliability. As one of the largest shipping companies worldwide, COSCO SHIPPING has achieved notable recognition for its innovative practices and commitment to sustainability, solidifying its market position as a trusted leader in the industry.
DitchCarbon Score
How does COSCO SHIPPING Holdings 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 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 Holdings Co., Ltd.'s score of 13 is higher than 85% 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 Holdings Co., Ltd.'s reported carbon emissions
In 2023, COSCO SHIPPING Holdings Co., Ltd. reported total carbon emissions of approximately 19,828,201,000 kg CO2e from Scope 1 and 14,740,000 kg CO2e from Scope 2, resulting in a combined total of about 19,842,941,000 kg CO2e. This marks a decrease from 2022, where emissions were approximately 20,778,809,000 kg CO2e, indicating a reduction in their carbon footprint. The company has consistently disclosed emissions data for Scope 1 and Scope 2, but has not reported on Scope 3 emissions. In 2021, their emissions were about 22,214,824,000 kg CO2e, showing a downward trend over the past few years. Notably, in 2020, COSCO's emissions were significantly lower at approximately 618,605,000 kg CO2e, highlighting their efforts to improve efficiency and reduce greenhouse gas emissions. Despite these reductions, COSCO SHIPPING has not set specific reduction targets or climate pledges, which may limit their long-term sustainability commitments. The absence of documented reduction initiatives suggests a need for enhanced climate strategies to align with industry standards and expectations for corporate responsibility in emissions management.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000,000 | 00,000,000,000 | 000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | - | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | - | - | - | - |
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 Holdings 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.
