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 10 is lower than 53% 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 2022, COSCO SHIPPING Holdings Co., Ltd. reported total carbon emissions of approximately 587,112,000 kg CO2e, comprising 220,388,000 kg CO2e from Scope 1 and 366,724,000 kg CO2e from Scope 2 emissions. This marked a reduction from 2021, where total emissions were about 636,020,000 kg CO2e, with Scope 1 at 245,656,000 kg CO2e and Scope 2 at 390,364,000 kg CO2e. The company has consistently disclosed emissions data for Scope 1 and Scope 2 since 2018, with no reported Scope 3 emissions in recent years. Notably, in 2019, COSCO reported Scope 3 emissions of approximately 21,430,421,000 kg CO2e, indicating a significant focus on direct and indirect emissions management. Despite the reductions observed, COSCO SHIPPING Holdings has not set specific science-based targets or climate pledges, nor does it have documented reduction initiatives. The absence of formal commitments suggests a potential area for improvement in aligning with industry standards for climate action. Overall, COSCO SHIPPING Holdings Co., Ltd. demonstrates a commitment to monitoring and reporting its carbon emissions, with a clear trend towards reduction in recent years, although further initiatives and targets could enhance its climate strategy.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000,000 | 00,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| 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.
