Geography
China
Sector
Market cap (Group)
large
ISIN
CNE1000002J7
SEDOL
B0B8Z18
CA100+ engagement
No

Management Quality: COSCO Shipping Holdings

Assessment Date:

Assessment of COSCO Shipping Holdings according to the management of its greenhouse gas emissions and of risks and opportunities related to the low-carbon transition.

Assessment Date:

Current level

2

Building Capacity

0
1
2
3
4
Nr of assessments: 1
Number of assessments: 1

Level 0: Unaware of Climate Change as a Business Issue

1. Does the company acknowledge climate change as a significant issue for the business?

Level 1: Acknowledging Climate Change as a Business Issue

2. Does the company recognise climate change as a relevant risk and/or opportunity for the business?

3. Does the company have a policy (or equivalent) commitment to action on climate change?

Level 2: Building Capacity

4. Has the company set greenhouse gas emission reduction targets?

5. Has the company published information on its Scope 1 and 2 greenhouse gas emissions?

Level 3: Integrating into Operational Decision Making

6. Has the company nominated a board member or board committee with explicit responsibility for oversight of the climate change policy?

7. Has the company set quantitative targets for reducing its greenhouse gas emissions?

8. Does the company report on Scope 3 emissions?

9. Has the company had its operational (Scope 1 and/or 2) greenhouse gas emissions data verified?

10. Does the company support domestic and international efforts to mitigate climate change?

11. Does the company disclose its membership and involvement in trade associations engaged in climate issues?

12. Does the company have a process to manage climate-related risks?

13. Does the company disclose Scope 3 use of product emissions?

Level 4: Strategic Assessment

14. Has the company set long-term quantitative targets for reducing its greenhouse gas emissions?

15. Does the company's remuneration for senior executives incorporate climate change performance?

16. Does the company incorporate climate change risks and opportunities in their strategy?

17. Does the company undertake climate scenario planning?

18. Does the company disclose an internal price of carbon?

19. Does the company ensure consistency between its climate change policy and the positions taken by trade associations of which it is a member?

Carbon Performance COSCO Shipping Holdings

Carbon Performance alignment of companies in the COSCO Shipping Holdings sector with the Paris agreement benchmarks.

Assessment Date:
TPI notes:

TPI's Carbon Performance assessment is based on emissions data disclosed by COSCO Shipping Lines Co Ltd, a 100% subsidiary of COSCO Shipping Holdings. The assessment excludes Orient Overseas International Limited, which was acquired by COSCO Shipping Holdings in July 2018. COSCO Shipping Lines discloses an emissions intensity using an activity measure and emissions figure that is consistent with TPI’s methodology for this sector. COSCO Shipping Lines does not disclose sufficient data on quantitative targets to reduce its emissions, which TPI can use to estimate future Carbon Performance.