COSCO SHIPPING Holdings Co., Ltd. Sustainability Profile
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 lower than 60% 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 2024, COSCO SHIPPING Holdings Co., Ltd. reported total carbon emissions of approximately 21,887,707,000 kg CO2e, comprising about 21,887,707,000 kg CO2e from Scope 1 and about 20,116,000 kg CO2e from Scope 2 emissions. The combined total for Scope 1 and Scope 2 emissions reached about 21,907,761,000 kg CO2e. This marks a slight increase from 2023, where emissions were about 19,842,941,000 kg CO2e, with Scope 1 emissions at approximately 19,828,201,000 kg CO2e and Scope 2 emissions at about 14,740,000 kg CO2e. Over the past few years, COSCO has shown fluctuations in its emissions, with 2022 emissions recorded at about 20,778,809,000 kg CO2e, and 2021 emissions at approximately 22,214,824,000 kg CO2e. The company has not disclosed any Scope 3 emissions data, which limits the overall understanding of its total carbon footprint. Despite the significant emissions figures, COSCO SHIPPING Holdings has not set specific reduction targets or initiatives as part of its climate commitments, nor has it participated in initiatives such as the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests a need for enhanced climate action strategies within the organisation. Overall, COSCO SHIPPING Holdings Co., Ltd. continues to face challenges in managing its carbon emissions, with a clear opportunity to establish more robust climate commitments and reduction initiatives moving forward.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | - | - | - | - | - |
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COSCO SHIPPING Holdings 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 Holdings 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.
