- Global climate change and its impact on shipping operations.
- Extreme weather events affecting navigation and port operations.
- Transition risks related to low-carbon economy, including regulatory changes and customer behavior.
- Supply chain disruptions due to various factors.
- Piracy risks affecting crew safety and operations.
COSCO Shipping Holdings Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, COSCO Shipping Holdings Co., Ltd. disclosed greenhouse gas emissions of 20.8M tCO2e/year (Container Shipping); 587112 tCO2e/year (Port Business). By scope: Scope 1: 20.8M tCO2e/year (Container Shipping); Scope 2: 14.4K tCO2e/year (Container Shipping). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
20.8M tCO2e/year (Container Shipping); 587112 tCO2e/year (Port Business)
2022
Water Usage
293.6K tons/year (Freshwater Consumption); 285297 tons/year (Seawater Desalination)
2022
Waste
6.0M tons/year (Hazardous Waste Port Business)
2022
Energy Use
79.2M MWh/year (Container Shipping); 2265 Million megajoules/year (Port Business)
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 20.8M tCO2e/year (Container Shipping) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 14.4K tCO2e/year (Container Shipping) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- 86% of holding terminals obtained ISO 14001 certification.
- Greenhouse gas emission reduction targets set and commitment to achieving carbon neutrality before 2060.
- 91% usage ratio of low-sulfur oil.
- Full coverage of shore power at container berths of domestic holding terminals.
- 97.7% completion rate of “oil-to-electricity” for gantry cranes.
- Trials of biofuels in OOCL and COSCO Shipping Lines fleets, reducing carbon emissions by more than 15%.
🎯 Climate & Sustainability Targets
📅 Medium-term
- By 2030, reduce greenhouse gas emission intensity of container shipping business by 12% compared with 2019.
- By 2030, reduce greenhouse gas emission intensity of holding terminals by 20% compared with 2020.
- By 2030, realize 100% harmless treatment of hazardous wastes in the holding terminals.
🔭 Long-term
- Achieve carbon neutrality before 2060.
🌱 ESG Focus Areas
Climate ChangeEnergy EfficiencyEmission ReductionWater ResourcesWaste ManagementBiodiversityEmployee SafetyEmployee DevelopmentSupply Chain SustainabilityCommunity InvolvementCorporate Governance