Lite Shipping Corporation Sustainability Profile
Lite Shipping Corporation, also known as Lite Ferries, is a prominent player in the maritime transport industry, headquartered in the Philippines. Established in 2005, the company has rapidly expanded its operations across key regions, including Visayas and Mindanao, providing essential ferry services that connect various islands. Specialising in passenger and cargo transport, Lite Shipping Corporation distinguishes itself through its commitment to safety, reliability, and customer satisfaction. The fleet features modern vessels equipped with advanced technology, ensuring efficient and comfortable travel experiences. Over the years, Lite Ferries has achieved significant milestones, solidifying its market position as a trusted name in inter-island shipping. With a focus on sustainable practices and community engagement, Lite Shipping Corporation continues to innovate within the industry, making it a vital contributor to the Philippines' transportation infrastructure.
DitchCarbon Score
How does Lite Shipping Corporation'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
Lite Shipping Corporation's score of 7 is lower than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Lite Shipping Corporation's reported carbon emissions
In 2020, Lite Shipping Corporation reported total carbon emissions of approximately 1,840,443,000 kg CO2e. This figure includes Scope 1 emissions of about 1,840,063,000 kg CO2e, Scope 2 emissions of approximately 382,000 kg CO2e, and Scope 3 emissions totalling around 2,514,000 kg CO2e. The company has disclosed emissions data for all three scopes, indicating a comprehensive approach to tracking its carbon footprint. Despite the significant emissions reported, Lite Shipping Corporation has not established specific reduction targets or initiatives as part of its climate commitments. There are no documented climate pledges or targets from the Science Based Targets initiative (SBTi) or other recognised frameworks. This lack of formal commitments suggests that while the company is aware of its emissions, it has yet to set a clear path towards reduction. As a shipping corporation headquartered in the Philippines, Lite Shipping Corporation operates within an industry that is increasingly scrutinised for its environmental impact. The absence of reduction targets may place the company at a disadvantage as stakeholders demand greater accountability and action on climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | |
|---|---|
| Scope 1 | 1,840,063,000 |
| Scope 2 | 382,000 |
| Scope 3 | 2,514,000 |
How Carbon Intensive is Lite Shipping Corporation's Industry?
How Carbon Intensive is Lite Shipping Corporation's Location?
Lite Shipping Corporation'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.
Lite Shipping Corporation 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.
