In 2023, COSCO SHIPPING Development conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Waste Generated | 48,550a | 69,089a | 108,500a | |
Total Waste Recovered | N/A | N/A | N/A | |
Total Hazardous Waste Generated | 7,360a | 12,566a | 19,200a | |
Non-Hazardous Waste Disposed | N/A | N/A | N/A |
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In 2023, COSCO SHIPPING Development generated a total of 48,550 metric tonnes of waste.a
Of this amount, 15.16% of COSCO SHIPPING Development's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment.84.84% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls.a
Since 2021, COSCO SHIPPING Development's total waste generation decreased by 55.25%, with an additional 29.73% decline in 2023, suggesting a consistent and deliberate effort to minimize waste generation at the source.a
Over the same period, COSCO SHIPPING Development reduced the hazardousness of its waste by 14.33%, with a further 16.65% decline in 2023, suggesting a sustained and meaningful shift toward safer waste profiles and lower environmental impact.a
Overall, COSCO SHIPPING Development has made consistent and substantial progress in reducing both the quantity and the danger of its waste, highlighting a strong, well-executed waste strategy focused on minimizing environmental impact.a