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 1992, the company has grown to become one of the largest port operators in the world, with a significant presence in Asia, Europe, and the Americas. Specialising in container terminal operations, COSCO SHIPPING Ports offers a range of services including cargo handling, storage, and logistics solutions. Its commitment to innovation and efficiency sets it apart in a competitive market. With a robust network of terminals and strategic partnerships, the company has achieved notable milestones, enhancing its market position and operational capabilities. COSCO SHIPPING Ports continues to drive growth and excellence in the maritime sector, solidifying its reputation as a trusted leader in port management.
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 Land Transportation 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 35 is higher than 62% 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 2024, COSCO SHIPPING PORTS LIMITED reported total carbon emissions of approximately 76919000 kg CO2e from Scope 1, 127026000 kg CO2e from Scope 2, and 630438000 kg CO2e from Scope 3, leading to a calculated total of approximately 834,000,000 kg CO2e. This total reflects the company's comprehensive approach to emissions reporting, encompassing all relevant scopes. The company has shown a slight decrease in Scope 1 emissions from 78497000 kg CO2e in 2023 and 84895000 kg CO2e in 2022. However, Scope 2 emissions increased from 148492000 kg CO2e in 2023 to 127026000 kg CO2e in 2024, while Scope 3 emissions have remained significant, indicating areas for potential improvement. COSCO SHIPPING PORTS LIMITED is a current subsidiary of COSCO SHIPPING Ports Limited, inheriting emissions data and commitments from its parent organisation. However, there are currently no specific reduction targets or climate pledges documented, which suggests a need for the company to establish clear goals in line with industry standards for climate action. Overall, while COSCO SHIPPING PORTS LIMITED has made strides in emissions reporting, the absence of defined reduction initiatives highlights an opportunity for the company to enhance its climate commitments and align with global sustainability efforts.
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| 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 519,459,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 578,080,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 000,000,000 |
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COSCO SHIPPING PORTS LIMITED's Scope 3 Categories Breakdown
Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 76% of total emissions under the GHG Protocol, with "Downstream Transportation & Distribution" being the largest emissions source at 65% 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.
COSCO SHIPPING International (Hong Kong) Co., Ltd.
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