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, headquartered in Hong Kong, reported total carbon emissions of approximately 76919000 kg CO2e for Scope 1, 127026000 kg CO2e for Scope 2, and a significant 630438000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and Scope 2 emissions reached about 203945000 kg CO2e. Comparatively, in 2023, the company recorded Scope 1 emissions of about 78497000 kg CO2e and Scope 2 emissions of approximately 148492000 kg CO2e, leading to a total of around 226989000 kg CO2e for Scope 1 and 2 combined. This indicates a slight decrease in Scope 1 emissions from 2023 to 2024, while Scope 2 emissions also saw a reduction. COSCO SHIPPING PORTS LIMITED has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The emissions data is cascaded from the parent company, COSCO SHIPPING Ports Limited, indicating a corporate family relationship that influences their reporting and performance metrics. Overall, while the company has made strides in emissions reporting, the absence of defined reduction targets suggests a need for enhanced climate commitments in line with industry standards.
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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.
