- Stringent national and municipal emission regulations.
- Climate-related risks such as extreme weather events, sustained high temperatures, regulatory compliance risks and reputation risks.
COSCO SHIPPING International (Hong Kong) Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, COSCO SHIPPING International (Hong Kong) Co., Ltd. disclosed greenhouse gas emissions of 4.7K tCO2e/year. By scope: Scope 1: 412 tCO2e/year; Scope 2: 3.5K tCO2e/year; Scope 3: 824 tCO2e/year. 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
4.7K tCO2e/year
2023
Water Usage
31.7K m3/year
2023
Waste
1.2K tons/year
2023
Energy Use
4.4M kWh
2023
📊 Emissions by Scope (2023)
| 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). | 412 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.5K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 824 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 4.7K tCO2e/year |
| 2022 | 15.2M tCO2e/year |
| 2021 | 22.2M tCO2e/year (container shipping) |
| 2020 | 15.9M tCO2e/year |
| 2019 | 15.9M tCO2e (COSCO SHIPPING Lines) + 630585.69 tCO2e (COSCO SHIPPING Ports) + 5494480.00 tCO2e (OOIL) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced VOCs and Benzene emission by achieving more than 50% usage of water-based coatings in production over the past 3 years.
- Completed the regenerative thermal oxidizers (“RTO”) project for waste gas treatment at Jinshan Laboratory, improving VOCs decomposition.
- Recovered a total of 77 tonnes of solvents in 2023.
- Recycled a total of 4,587 numbers of 200L raw material barrels for finished product packaging.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Reduce greenhouse gas emission (scope 1 and scope 2) by 10% by 2030 (relative to 2020 baseline).
- Reduce Volatile Organic Compounds (“VOCs”) and Benzene emission by 5% by 2030 (relative to 2020 baseline).
- Reduce energy usage by 10% by 2030 (relative to 2020 baseline).
🌱 ESG Focus Areas
Environmental ProtectionHealth and SafetyEmployee EmpowermentBusiness Development and CollaborationCommunity Investment