COSCO SHIPPING Energy Transportation Co., Ltd. published its 18th Sustainability Report, detailing 2025 performance and medium- to long-term ESG objectives.
Double-Materiality Oversight • The Board leads ESG governance, supported by a Strategy Committee and cross-functional working groups. • Long-term climate target: carbon emissions from oil, LNG, LPG and chemical fleets to peak by 2030 and reach carbon neutrality by 2050 (2020 baseline). • Senior management compensation is directly linked to safety and environmental KPIs; failure to meet targets invokes a “one-vote veto”.
Climate & Environmental Metrics • Total Scope 1 + 2 emissions reached 4.22 million tCO₂-e. • Ship CO₂ per 1,000 tonne-mile fell 1.85 % year on year to 6.37 kg. • Absolute CO₂ reduction: 55,447.55 tCO₂-e, driven by energy-saving devices, drag-reducing coatings and digital voyage optimisation. • Energy intensity improved to 0.0241 MWh per 1,000 tonne-mile, down from 0.0242. • Water-use intensity on vessels dropped 11.27 % to 0.00102 m³ per 1,000 tonne-mile. • NOx and SOx emissions per unit turnover declined 2.62 % and 2.62 % respectively.
Green Fleet Transition • Signed contracts for 26 new vessels, including eight methanol dual-fuel tankers and one LNG dual-fuel ethylene carrier. • Installed scrubbers on 35 owned ships and ballast-water treatment systems on all 140 international-trading vessels. • Initiated natural-capital accounting to integrate biodiversity considerations into fuel and route choices. • Issued China’s first vessel transition loan (CNY 273 million) linked to EEDI targets.
Technology & Digitalisation • R&D spend reached CNY 109.26 million, equal to 0.46 % of core revenue; 28 valid patents were held at year-end. • Phase II of the Intelligent Vessel Management Platform cut fuel use by about 23,400 tonnes and CO₂ by 73,000 tonnes. • Proprietary large language model “Hi-Energy” and the “Yuanbao” digital supply-chain platform launched to enhance ship–cargo matching and settlement efficiency.
Safety Performance • Zero catastrophic, major or serious safety incidents; three minor injuries among seafarers and none among onshore staff, meeting 2025 “non-zero” targets. • Investment in workplace safety totalled CNY 234.17 million. • Ship inspection repeated-deficiency rate held at 2.6 % and high-risk deficiency rate at 0.45 %.
Social Indicators • 100 % of employees and directors completed anti-corruption training; no corruption cases reported. • Training coverage reached 100 %, averaging 154.41 hours per employee. • Community investment: CNY 9.39 million in public-welfare programmes and CNY 0.75 million in rural-revitalisation projects. • Seafarer support included ship visits, medical aid and the launch of an onboard vegetable-garden initiative.
Outlook Management will prioritise deployment of LNG- and methanol-ready tonnage, scale digital platforms across fleets, and broaden Scope 3 carbon accounting after the inaugural assessment of 2.70 million tCO₂-e in 2025.
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