In 2024, COSCO SHIPPING Energy 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 Energy 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 | 3,914,610.31a | 3,546,076.86a | 3,390,889.16a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 1,173.77a | 1,131.37a | 1,087.6a | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1,233.6264a | 1,117.4329a | 1,271.6842a |
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In 2024, the total operational greenhouse gas (GHG) emissions of COSCO SHIPPING Energy amounted to 3,915,784.08 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 Energy increased by 10.39%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of COSCO SHIPPING Energy were 3,914,610.31 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, COSCO SHIPPING Energy's Scope 1 emissions have increased by 6.12%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), COSCO SHIPPING Energy's Scope 1 emissions increased by 10.39%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, COSCO SHIPPING Energy reported Scope 2 greenhouse gas (GHG) emissions of 1,173.77 tCO₂e without specifying the calculation method.a
Since 2021, COSCO SHIPPING Energy's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 10.79%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), COSCO SHIPPING Energy's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that COSCO SHIPPING Energy's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, COSCO SHIPPING Energy reported its Scope 2 emissions using an unspecified methodology.a
In 2024, COSCO SHIPPING Energy reported Scope 1 greenhouse gas (GHG) emissions of 3,914,610.31 tCO₂e and total revenues of USD 3,173 millions. This translates into an emissions intensity of 1,233.63 tCO₂e per millions USD.a
In 2024, COSCO SHIPPING Energy reported a Scope 1 emissions intensity of 1,233.63 tCO₂e per millions USD. Compared to the peer group median of 695.63, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, COSCO SHIPPING Energy ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
COSCO SHIPPING Energy is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a