COSCO Shipping Energy Transportation Co Ltd

Common Name
COSCO SHIPPING Energy
Country
China (Mainland)
Sector
Energy
Industry
Oil & Gas Midstream
Employees
7,854
Ticker
600026
Exchange
SHANGHAI STOCK EXCHANGE
Description
Cosco Shipping Energy Transportation Co., Ltd. is a prominent entity within the global logistics and transportation industry, specializing in the maritime transportation of crude oil, refined petroleu...

COSCO SHIPPING Energy's GHG Emissions Data Preview

In 2023, 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)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind COSCO SHIPPING Energy’s Greenhouse Gas (GHG) Emissions Data

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a. COSCO SHIPPING Energy's Sustainability Report 2023
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Insights into COSCO SHIPPING Energy's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of COSCO SHIPPING Energy amounted to 3,547,208.23 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 2022, the total operational greenhouse gas (GHG) emissions of COSCO SHIPPING Energy increased by 4.58%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

COSCO SHIPPING Energy's Scope 1 Emissions Over Time

2021202220230950 k1.9 M2.85 M3.8 MtCO2e-8%+5%
  • Total Scope 1
  • Year-over-Year Change

What are COSCO SHIPPING Energy's Scope 1 emissions?

In 2023, the total Scope 1 emissions of COSCO SHIPPING Energy were 3,546,076.86 metric tons of CO₂ equivalent (tCO₂e). a

Has COSCO SHIPPING Energy reduced its Scope 1 emissions over time?

Since 2021, COSCO SHIPPING Energy's Scope 1 emissions have decreased by 3.87%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), COSCO SHIPPING Energy's Scope 1 emissions increased by 4.58%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are COSCO SHIPPING Energy's Scope 2 emissions?

In 2023, COSCO SHIPPING Energy reported Scope 2 greenhouse gas (GHG) emissions of 1,131.37 tCO₂e without specifying the calculation method. a

Has COSCO SHIPPING Energy reduced its Scope 2 emissions over time?

Since 2021, COSCO SHIPPING Energy's Scope 2 greenhouse gas (GHG) 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

Compared to the previous year (2022), 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

What methodology does COSCO SHIPPING Energy use for Scope 2 reporting?

In 2023, COSCO SHIPPING Energy reported its Scope 2 emissions using an unspecified methodology. a

COSCO SHIPPING Energy's Scope 2 Emissions Over Time

20212022202303006009001.2 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into COSCO SHIPPING Energy’s GHG Emissions Intensity Compared to Industry Peers

In 2023, COSCO SHIPPING Energy reported Scope 1 greenhouse gas (GHG) emissions of 3,546,076.86 tCO₂e and total revenues of USD 3,173 millions. This translates into an emissions intensity of 1,117.43 tCO₂e per millions USD. a

COSCO SHIPPING Energy's Scope 1 Emissions Intensity Compared to Peers

2005,000200,0005,000,000100,000,000Scope 1 Emissions (tCO2e)5501,00010,000200,000Revenues (Millions of USD)OAntero MidstreamYear: 2022Scope 1: 1,961,172 tCO2eRevenue: $M 991Scope 1 Intensity: 1,979.67 tCO2e/$MOOOriental EnergyYear: 2023Scope 1: 455,919 tCO2eRevenue: $M 3,816Scope 1 Intensity: 119.46 tCO2e/$MEnbridgeYear: 2023Scope 1: 7,480,000 tCO2eRevenue: $M 32,970Scope 1 Intensity: 226.87 tCO2e/$MDT MidstreamYear: 2023Scope 1: 1,714,654 tCO2eRevenue: $M 922Scope 1 Intensity: 1,859.71 tCO2e/$MPrima MarineYear: 2023Scope 1: 6,295 tCO2eRevenue: $M 235Scope 1 Intensity: 26.80 tCO2e/$MTC EnergyYear: 2023Scope 1: 20,902,000 tCO2eRevenue: $M 12,036Scope 1 Intensity: 1,736.65 tCO2e/$MKinetik HoldingsYear: 2023Scope 1: 2,020,587 tCO2eRevenue: $M 1,256Scope 1 Intensity: 1,608.22 tCO2e/$MONEOKYear: 2023Scope 1: 3,700,000 tCO2eRevenue: $M 17,677Scope 1 Intensity: 209.31 tCO2e/$MBeach EnergyYear: 2023Scope 1: 538,977 tCO2eRevenue: $M 7Scope 1 Intensity: 81,171.23 tCO2e/$MSinopec Kantons HoldingsYear: 2023Scope 1: 1,201 tCO2eRevenue: $M 78Scope 1 Intensity: 15.38 tCO2e/$MWilliams CompaniesYear: 2023Scope 1: 13,640,000 tCO2eRevenue: $M 10,907Scope 1 Intensity: 1,250.57 tCO2e/$MCMB.TECHYear: 2023Scope 1: 2,226,796 tCO2eRevenue: $M 1,235Scope 1 Intensity: 1,802.89 tCO2e/$MCheniere EnergyYear: 2023Scope 1: 9,730,770 tCO2eRevenue: $M 20,394Scope 1 Intensity: 477.14 tCO2e/$MEnterprise Products PartnersYear: 2022Scope 1: 12,000,000 tCO2eRevenue: $M 58,186Scope 1 Intensity: 206.24 tCO2e/$MAltaGasYear: 2022Scope 1: 1,904,084 tCO2eRevenue: $M 10,408Scope 1 Intensity: 182.94 tCO2e/$MPembina PipelineYear: 2023Scope 1: 2,842,868 tCO2eRevenue: $M 6,893Scope 1 Intensity: 412.45 tCO2e/$MKeyeraYear: 2023Scope 1: 1,504,200 tCO2eRevenue: $M 5,328Scope 1 Intensity: 282.34 tCO2e/$MPlains GP HoldingsYear: 2023Scope 1: 832,000 tCO2eRevenue: $M 48,712Scope 1 Intensity: 17.08 tCO2e/$MGolar LNGYear: 2023Scope 1: 584,778 tCO2eRevenue: $M 298Scope 1 Intensity: 1,959.52 tCO2e/$MScorpio TankersYear: 2023Scope 1: 2,362,449 tCO2eRevenue: $M 1,341Scope 1 Intensity: 1,761.42 tCO2e/$MFrontlineYear: 2023Scope 1: 2,317,363 tCO2eRevenue: $M 1,802Scope 1 Intensity: 1,285.86 tCO2e/$MCOSCO SHIPPING EnergyYear: 2023Scope 1: 3,546,077 tCO2eRevenue: $M 3,173Scope 1 Intensity: 1,117.43 tCO2e/$M

How does COSCO SHIPPING Energy's GHG emissions intensity compare to its peers?

In 2023, COSCO SHIPPING Energy reported a Scope 1 emissions intensity of 1,117.43 tCO₂e per millions USD. Compared to the peer group median of 477.14, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does COSCO SHIPPING Energy rank on GHG emissions intensity within its industry?

In 2023, COSCO SHIPPING Energy ranked 12 out of 21 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

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