In 2024, COSCO SHIPPING Development completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, COSCO SHIPPING Development has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 46,329.58a | 20,976b | 28,816b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 189,770.39a | 77,712b | 127,105b | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 12.2385a | 9.5043b | 7.8275b |
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In 2024, the total operational greenhouse gas (GHG) emissions of COSCO SHIPPING Development amounted to 236,099.97 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of COSCO SHIPPING Development increased by 139.24%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of COSCO SHIPPING Development were 46,329.58 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, COSCO SHIPPING Development's Scope 1 emissions have increased by 10.26%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), COSCO SHIPPING Development's Scope 1 emissions increased by 120.87%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, COSCO SHIPPING Development reported Scope 2 greenhouse gas (GHG) emissions of 189,770.39 tCO₂e without specifying the calculation method.a
Since 2021, COSCO SHIPPING Development's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 12.08%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), COSCO SHIPPING Development's Scope 2 emissions (Unspecified Calculation Method) rose by 144.2% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2024, COSCO SHIPPING Development reported its Scope 2 emissions using an unspecified methodology.a
In 2024, COSCO SHIPPING Development reported Scope 1 greenhouse gas (GHG) emissions of 46,329.58 tCO₂e and total revenues of USD 3,786 millions. This translates into an emissions intensity of 12.24 tCO₂e per millions USD.a
In 2024, COSCO SHIPPING Development reported a Scope 1 emissions intensity of 12.24 tCO₂e per millions USD. Compared to the peer group median of 6.65, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, COSCO SHIPPING Development ranked 18 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
COSCO SHIPPING Development is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a