COSCO SHIPPING International (Hong Kong) Co., Ltd. Sustainability Profile
COSCO SHIPPING International (Hong Kong) Co., Ltd., a prominent player in the global shipping and logistics industry, is headquartered in Hong Kong. Established in 1961, the company has evolved significantly, marking key milestones in its journey towards becoming a leader in maritime services. Specialising in shipping, logistics, and related services, COSCO SHIPPING International offers a diverse range of core products, including container shipping, freight forwarding, and supply chain management. Its unique approach combines advanced technology with extensive operational expertise, ensuring efficient and reliable service delivery. With a strong market position, COSCO SHIPPING International is recognised for its commitment to innovation and sustainability, making it a preferred choice for businesses seeking comprehensive shipping solutions across Asia and beyond.
DitchCarbon Score
How does COSCO SHIPPING International (Hong Kong) 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 International (Hong Kong) Co., Ltd.'s score of 26 is higher than 59% 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 International (Hong Kong) Co., Ltd.'s reported carbon emissions
In 2024, COSCO SHIPPING International (Hong Kong) Co., Ltd. reported total carbon emissions of approximately 4,492,062,000 kg CO2e. This figure includes Scope 1 emissions of about 682,000 kg CO2e, primarily from stationary combustion (340,000 kg CO2e) and mobile combustion (188,000 kg CO2e). Scope 2 emissions, entirely from purchased electricity, amounted to approximately 3,625,000 kg CO2e. The most significant contribution to total emissions came from Scope 3, which reached about 4,487,755,000 kg CO2e, with upstream transportation and distribution accounting for 2,220 kg CO2e and fuel and energy-related activities contributing a substantial 4,416,201,000 kg CO2e. In 2023, the company reported total emissions of approximately 4,715,000 kg CO2e, with Scope 1 emissions at about 412,000 kg CO2e and Scope 2 emissions at approximately 3,479,000 kg CO2e. Scope 3 emissions for that year were around 824,000 kg CO2e, primarily driven by business travel (759,000 kg CO2e). Despite the high emissions figures, COSCO SHIPPING International has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. The emissions data is cascaded from the parent company, China COSCO Shipping Corporation Limited, indicating a corporate family relationship that influences their reporting and sustainability strategies. Overall, COSCO SHIPPING International (Hong Kong) Co., Ltd. is actively engaged in monitoring its carbon footprint, although further details on reduction initiatives and specific climate pledges remain unspecified.
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| 2017 | 2018 | 2019 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 311,630 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 3,858,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 419,310 | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000,000 |
How Carbon Intensive is COSCO SHIPPING International (Hong Kong) Co., Ltd.'s Industry?
How Carbon Intensive is COSCO SHIPPING International (Hong Kong) Co., Ltd.'s Location?
COSCO SHIPPING International (Hong Kong) Co., Ltd.'s Scope 3 Categories Breakdown
COSCO SHIPPING International (Hong Kong) Co., Ltd.'s Scope 3 emissions, which increased significantly last year and increased significantly since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 98% of Scope 3 emissions.
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COSCO SHIPPING International (Hong Kong) 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 International (Hong Kong) 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.
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