COSCO SHIPPING Ports Limited Sustainability Profile
COSCO SHIPPING Ports Limited, headquartered in Hong Kong, is a leading player in the global port industry. Established in 2003, the company has rapidly expanded its operations across major regions, including Asia, Europe, and the Americas. As a subsidiary of COSCO SHIPPING Holdings, it focuses on providing comprehensive port management and terminal services, distinguishing itself through its advanced technology and efficient operations. With a portfolio that includes container terminals, bulk cargo handling, and logistics services, COSCO SHIPPING Ports has achieved significant milestones, including the development of state-of-the-art facilities that enhance cargo throughput. The company holds a prominent market position, recognised for its strategic partnerships and commitment to sustainability, making it a key contributor to the global supply chain.
DitchCarbon Score
How does COSCO SHIPPING Ports Limited'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 Ports Limited's score of 23 is higher than 56% 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 Ports Limited's reported carbon emissions
In 2023, COSCO SHIPPING Ports Limited, headquartered in Hong Kong, reported total carbon emissions of approximately 226,989,000 kg CO2e, which includes 78,497,000 kg CO2e from Scope 1 and 148,492,000 kg CO2e from Scope 2 emissions. Additionally, Scope 3 emissions accounted for about 327,574,000 kg CO2e from investments, 490,000 kg CO2e from waste generated in operations, and 11,609,000 kg CO2e from fuel and energy-related activities. Comparatively, in 2022, the company recorded total emissions of about 235,556,000 kg CO2e, with Scope 1 emissions at 84,895,000 kg CO2e and Scope 2 emissions at 150,661,000 kg CO2e. Scope 3 emissions for that year were approximately 354,264,000 kg CO2e from investments, 488,000 kg CO2e from waste, and 2,854,000 kg CO2e from fuel and energy-related activities. COSCO SHIPPING Ports Limited has not disclosed specific reduction targets or initiatives as part of its climate commitments. The emissions data is cascaded from the parent company, COSCO SHIPPING Ports Limited, indicating a corporate family relationship. The company continues to monitor and report its emissions, contributing to industry-wide efforts to address climate change.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 219,941,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 398,664,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is COSCO SHIPPING Ports Limited's Industry?
How Carbon Intensive is COSCO SHIPPING Ports Limited's Location?
COSCO SHIPPING Ports Limited's Scope 3 Categories Breakdown
COSCO SHIPPING Ports Limited's Scope 3 emissions, which decreased by 5% last year and decreased by approximately 13% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 60% of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 96% of Scope 3 emissions.
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COSCO SHIPPING Ports Limited'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 Ports Limited 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.
