- Significant decline in freight rates per container due to increased shipping capacity and competition.
- Stringent emission reduction requirements from new IMO regulations.
- Climate-related risks such as extreme weather events, sea-level rise, and biodiversity impacts.
- Potential risks associated with the downturn of the global economy.
SITC International Holdings Company Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, SITC International Holdings Company Limited disclosed greenhouse gas emissions of 1.6M tCO2e/year. By scope: Scope 1: 1.6M tCO2e/year; Scope 2: 3.9K tCO2e/year; Scope 3: 919.4K 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
1.6M tCO2e/year
2023
Water Usage
225.7K m3/year
2023
Waste
1.7K tons/year (non-hazardous)
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). | 1.6M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.9K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 919.4K 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 | 1.6M tCO2e/year |
| 2022 | 1.8M tCO2e/year |
| 2021 | 1.7M tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced CO2e emissions by 10.09% (Scope 1) compared to 2022.
- Delivered 12 new vessels in 2023 to replace older, less fuel-efficient vessels.
- Achieved a 13.18% reduction in fuel consumption per 10,000 sea miles per TEU compared to 2020.
- First-time disclosure of Scope 3 greenhouse gas emissions.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Meet latest IMO requirements for EEXI and CII.
📅 Medium-term
- Reduce carbon dioxide emissions intensity by 65% compared to 2008 levels by 2030.
- Achieve at least 5% renewable energy share in shipping by 2030 (striving for 10%).
- Reduce fuel consumption per 10,000 sea miles per unit capacity by 15% by 2030 (compared to 2020).
🔭 Long-term
- Reduce carbon dioxide emissions intensity by 70% compared to 2008 levels by 2040.
- Reduce total carbon dioxide emissions by 50% by 2040.
- Achieve net-zero emissions by 2050.
🌱 ESG Focus Areas
Environmental ProtectionSocial ResponsibilityCorporate Governance