ZIM Integrated Shipping Services Ltd

Common Name
ZIM
Country
Israel
Sector
Industrials
Industry
Marine Shipping
Employees
4,850
Ticker
ZIM
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Zim Integrated Shipping Services Ltd. is a global shipping and logistics company that provides comprehensive container shipping services worldwide. Its primary function is to facilitate international ...

ZIM's GHG Emissions Data Preview

In 2023, ZIM 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), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

ZIM has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

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 ZIM’s Greenhouse Gas (GHG) Emissions Data

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a. ZIM's Sustainability Report 2023
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Insights into ZIM's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of ZIM amounted to 5,528,090 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 ZIM decreased by 4.78%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

ZIM's Scope 1 Emissions Over Time

202020212022202301.5 M3 M4.5 M6 MtCO2e+54%+29%-5%
  • Total Scope 1
  • Year-over-Year Change

What are ZIM's Scope 1 emissions?

In 2023, the total Scope 1 emissions of ZIM were 5,524,462 metric tons of CO₂ equivalent (tCO₂e). a

Has ZIM reduced its Scope 1 emissions over time?

Since 2020, ZIM's Scope 1 emissions have increased by 88.44%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), ZIM's Scope 1 emissions decreased by 4.84%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are ZIM's Scope 2 emissions?

In 2023, ZIM reported Scope 2 greenhouse gas (GHG) emissions of 3,628 tCO₂e without specifying the calculation method. a

What methodology does ZIM use for Scope 2 reporting?

In 2023, ZIM reported its Scope 2 emissions using an unspecified methodology. a

ZIM's Scope 2 Emissions Over Time

202309501.9 k2.85 k3.8 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into ZIM's Value Chain Emissions

In 2023, ZIM reported 1,731,322 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of ZIM includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

ZIM's Scope 3 Emissions Over Time

20230450 k900 k1.35 M1.8 MtCO2e
  • Total Scope 3
  • Year-over-Year Change

What are ZIM's Scope 3 emissions?

In 2023, ZIM reported total Scope 3 emissions of 1,731,322 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 99% of these emissions originated from upstream activities such as purchased goods and capital goods, while 1% came from downstream activities like product use, distribution, and end-of-life treatment. a

What categories of Scope 3 emissions does ZIM disclose?

In 2023, ZIM reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of ZIM's Scope 3 emissions?

In 2023, the largest contributors to ZIM's Scope 3 emissions were: a

  • Fuel- and Energy-Related Services (Cat. 3): 1,263,865.06 tCO₂e (73%)
  • Upstream Transportation and Distribution (Cat. 4): 346,264.4 tCO₂e (20%)
  • Capital Goods (Cat. 2): 86,566.1 tCO₂e (5%)

ZIM's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(5.0%)Fuel- andEnergy-RelatedServices (Cat. 3)(73.0%)UpstreamTransportation andDistribution(Cat. 4)(20.0%)

Insights into ZIM’s GHG Emissions Intensity Compared to Industry Peers

In 2023, ZIM reported Scope 1 greenhouse gas (GHG) emissions of 5,524,462 tCO₂e and total revenues of USD 5,162 millions. This translates into an emissions intensity of 1,070.18 tCO₂e per millions USD. a

ZIM's Scope 1 Emissions Intensity Compared to Peers

2005,000100,0002,000,00020,000,000Scope 1 Emissions (tCO2e)1005002,00010,00050,000Revenues (Millions of USD)HQCYSClarksonYear: 2023Scope 1: 1,014 tCO2eRevenue: $M 814Scope 1 Intensity: 1.25 tCO2e/$MHMMYear: 2023Scope 1: 5,456,615 tCO2eRevenue: $M 6,574Scope 1 Intensity: 829.99 tCO2e/$MU-Ming Marine TransportYear: 2023Scope 1: 490,629 tCO2eRevenue: $M 469Scope 1 Intensity: 1,046.99 tCO2e/$MWallenius WilhelmsenYear: 2023Scope 1: 4,125,161 tCO2eRevenue: $M 5,149Scope 1 Intensity: 801.16 tCO2e/$MHafniaYear: 2023Scope 1: 1,940,403 tCO2eRevenue: $M 2,672Scope 1 Intensity: 726.28 tCO2e/$MBahriYear: 2023Scope 1: 2,794 tCO2eRevenue: $M 2,341Scope 1 Intensity: 1.19 tCO2e/$MPan OceanYear: 2023Scope 1: 2,678,713 tCO2eRevenue: $M 3,413Scope 1 Intensity: 784.91 tCO2e/$MHHHD Hyundai MipoYear: 2023Scope 1: 57,122 tCO2eRevenue: $M 3,161Scope 1 Intensity: 18.07 tCO2e/$MDanaosYear: 2023Scope 1: 3,119,979 tCO2eRevenue: $M 974Scope 1 Intensity: 3,204.64 tCO2e/$MQQQingdao Port InternationalYear: 2023Scope 1: 135,631 tCO2eRevenue: $M 2,557Scope 1 Intensity: 53.04 tCO2e/$MCCChina Merchants Port HoldingsYear: 2023Scope 1: 62,802 tCO2eRevenue: $M 1,470Scope 1 Intensity: 42.71 tCO2e/$MWestports HoldingsYear: 2023Scope 1: 134,243 tCO2eRevenue: $M 468Scope 1 Intensity: 286.65 tCO2e/$MWisdom Marine LinesYear: 2023Scope 1: 27,638 tCO2eRevenue: $M 546Scope 1 Intensity: 50.66 tCO2e/$MYYYang Ming Marine TransportYear: 2022Scope 1: 4,034,300 tCO2eRevenue: $M 12,233Scope 1 Intensity: 329.80 tCO2e/$MMatsonYear: 2023Scope 1: 1,101,300 tCO2eRevenue: $M 3,095Scope 1 Intensity: 355.88 tCO2e/$MSSSITC International HoldingsYear: 2023Scope 1: 1,602,635 tCO2eRevenue: $M 18,988Scope 1 Intensity: 84.40 tCO2e/$MWan Hai LinesYear: 2023Scope 1: 4,495,230 tCO2eRevenue: $M 3,267Scope 1 Intensity: 1,375.97 tCO2e/$MLog-in Logistica IntermodalYear: 2022Scope 1: 142,985 tCO2eRevenue: $M 391Scope 1 Intensity: 365.55 tCO2e/$MAPSEZYear: 2024Scope 1: 126,197 tCO2eRevenue: $M 3,203Scope 1 Intensity: 39.40 tCO2e/$MKirbyYear: 2023Scope 1: 770,400 tCO2eRevenue: $M 3,092Scope 1 Intensity: 249.19 tCO2e/$MKawasaki Kisen KaishaYear: 2023Scope 1: 6,550,995 tCO2eRevenue: $M 7,077Scope 1 Intensity: 925.73 tCO2e/$MZIMYear: 2023Scope 1: 5,524,462 tCO2eRevenue: $M 5,162Scope 1 Intensity: 1,070.18 tCO2e/$M

How does ZIM's GHG emissions intensity compare to its peers?

In 2023, ZIM reported a Scope 1 emissions intensity of 1,070.18 tCO₂e per millions USD. Compared to the peer group median of 329.8, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does ZIM rank on GHG emissions intensity within its industry?

In 2023, ZIM ranked 20 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places ZIM among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into ZIM's Total Carbon Footprint

In 2023, ZIM reported a total carbon footprint of 7,259,412 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 25.04% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to ZIM's total carbon footprint was Scope 1 emissions, accounting for 76.1% of the company's total carbon footprint, followed by Scope 3 emissions at 23.85%. a

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