In 2024, COSCO Shipping Holdings 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 Holdings 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 | 21,964,626a | 19,906,698a | 20,849,275a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 147,142a | 163,232a | 165,089a | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 685.4557a | 806.3522a | 371.2375a |
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In 2024, the total operational greenhouse gas (GHG) emissions of COSCO Shipping Holdings amounted to 22,111,768 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 Holdings increased by 10.17%, 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 Holdings were 21,964,626 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, COSCO Shipping Holdings's Scope 1 emissions have decreased by 1.44%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), COSCO Shipping Holdings's Scope 1 emissions increased by 10.34%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, COSCO Shipping Holdings reported Scope 2 greenhouse gas (GHG) emissions of 147,142 tCO₂e without specifying the calculation method.a
Since 2021, COSCO Shipping Holdings's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that COSCO Shipping Holdings's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year (2023), COSCO Shipping Holdings's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that COSCO Shipping Holdings's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, COSCO Shipping Holdings reported its Scope 2 emissions using an unspecified methodology.a
In 2024, COSCO Shipping Holdings reported Scope 1 greenhouse gas (GHG) emissions of 21,964,626 tCO₂e and total revenues of USD 32,044 millions. This translates into an emissions intensity of 685.46 tCO₂e per millions USD.a
In 2024, COSCO Shipping Holdings reported a Scope 1 emissions intensity of 685.46 tCO₂e per millions USD. Compared to the peer group median of 556.38, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, COSCO Shipping Holdings ranked 16 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
COSCO Shipping Holdings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a