Sustainability Report 2024

Year: 2024
Published: 2025-04-28
Status: Processed

Extracted ESG KPIs

KPIs are organized by ESG aspects.

The types of emissions and respective emissions data.

Indicator Unit 2022 2023 2024 Report Pages
High-sulfur fuel oil tonne 225281.15 33
Low-sulfur fuel oil tonne 976024.91 33
NOx emissions tonne 81960.37 85803.42 94304.46 36, 47
Number of owned vessels with scrubbers 20 20 37, 47
Percentage of NOₓ emissions per unit turnover reduced from 2023 3.28% 7
SOx emissions tonne 10091.87 10587.78 11514.03 36, 47
SOx emissions per unit turnover kg/1000 tonne-mile 0.0191 36
Unit turnover emissions of NOx kg/1000 tonne-mile 0.1527 0.1617 0.1564 47
Unit turnover emissions of SOx kg/1000 tonne-mile 0.02 0.02 0.02 47

Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2022 2023 2024 Report Pages
CO₂ emissions per unit turnover (Scope 1 vessels) kg of CO₂ equivalent/1000 tonne-mile 6.32 6.68 6.49 34, 46
GHG emissions (Scope 1 official vehicles) tonne of CO₂ equivalent 51.84 87.02 100.35 46
GHG emissions (Scope 1 total) tonne of CO₂ equivalent 3390870.62 3546131.87 3914737.77 46
GHG emissions (Scope 1 vessels) tonne of CO₂ equivalent 3390387.32 3545989.84 3914509.96 34, 46
GHG emissions (Scope 2 electricity purchased or onshore offices) tonne of CO₂ equivalent 1087.6 1313.17 1737.77 46
GHG emissions (total) tonne of CO₂ equivalent 3391376.76 3547208.23 3915748.04 46
NOx emissions per unit turnover kg/1000 tonne-mile 0.1564 36
Percentage of vessels' CO₂ emissions per unit turnover reduced from 2023 2.84% 7
Scope 1 (official vehicles) tonne of CO₂ equivalent 100.35 34

Total hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2022 2023 2024 Report Pages
Hazardous waste discharge tonne 10197.87 11536.24 8762.86 47
Hazardous waste discharge per unit turnover g/1000 tonne-mile 14.53 37
Hazardous waste per unit turnover g/1000 tonne-mile 19 21.75 14.53 47
Total waste disposal tonne 2407.54 2701.55 2871.47 37, 47

Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2022 2023 2024 Report Pages
Non-hazardous waste discharge tonne 927.1 645.24 598.35 37, 47
Non-hazardous waste discharge per unit turnover g/1000 tonne-mile 1.73 1.22 0.99 37, 47
Oily water discharged tonne 86777.35 108242.88 74706.67 37, 47
Percentage of waste recycled/reused % 1.54 37, 47
Total amount of waste recycled/reused tonne 150.58 102.03 144.44 37, 47
Waste disposed of by other means tonne 2303.54 2467.22 37, 47
Waste incinerated without energy recovery tonne 398.02 404.25 37, 47

Description of emissions target(s) set and steps taken to achieve them.

Indicator Unit 2024 Report Pages
Total CO₂ emission reduction tonne of CO₂ equivalent 1237.2 34, 46

Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in '000s) and intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2022 2023 2024 Report Pages
Biofuel tonne 2001.95 33
Biofuel consumption tonne 2001.95 46
Biofuel share in energy mix % 0.16 33, 46
Diesel tonne 52603.25 33
Diesel consumption tonne 32064.13 29199.38 52603.25 46
Energy consumption per unit turnover MWh/1000 tonne-mile, tonne of coal equivalent/1000 tonne-mile 0.0236 0.0031 0.003 33, 45
Fleet of tankers - number of 12 tankers under order 12 6
Fleet of tankers - number of tankers 159 6
Fleet of tankers - total capacity million DWT 2374 6
Fleet of tankers - total capacity under order million DWT 23.6 6
Fuel consumption per unit turnover kg/1000 tonne-mile 2.03 2.14 2.08 33, 45
Fuel oil tonne 1203380.01 33
Fuel oil consumption tonne 1055889.44 1108663.02 1203380.81 45
High-sulfur fuel oil consumption tonne 252581.15 45
LNG carriers - COSCO SHIPPING Energy share million cubic meters 8.42 6
LNG carriers - total capacity million cubic meters 15.05 6
LNG carriers in operation 50 6
Low-sulfur fuel oil consumption tonne 976024.91 45
Lubricants (non-combustion) tonne 11375.28 33
Lubricants (non-combustion) consumption tonne 9896 10168.03 11375.28 46
Scope 2 (electricity purchased for onshore offices) tonne of CO₂ equivalent 1173.77 34
Total electricity consumption (office use) kWh, tonne of coal equivalent 1907064.8 243.81 268.83 33, 46
Total energy consumption MWh, tonne of coal equivalent 12656018.87 13325706.23 14613681.23 33, 45
Total fuel consumption tonne 1088000 1137900 1255900 33, 45
Use of biofuel MWh, tonne of coal equivalent, tonnes 2001.95 7, 33, 46
Use of biofuel (tonne of coal equivalent) tonne of coal equivalent 2873.68 46

Water consumption in total and intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2022 2023 2024 Report Pages
Office water use 7779 11791 10164.94 35, 46
Total water consumption 528170 579640 705447.94 35, 46
Use of water on vessels 520391 567849 695283 35, 46
Water use intensity (vessels) m³/1000 tonne-mile 0.000969 0.00107 0.011513 35, 46

Description of whether there is any issue in sourcing water that is fit for purpose, water efficiency target(s) set and steps taken to achieve them.

Indicator Unit 2024 Report Pages
Water saved 323150 35, 46

Description of the significant impacts of activities on the environment and natural resources and the actions taken to manage them.

Indicator Unit 2023 2024 Report Pages
Number of owned international navigation vessels with ballast water treatment systems 118 118 37, 47
Percentage of owned international navigation vessels with ballast water treatment systems % 100 100 37, 47
Percentage of owned vessels with scrubbers (excluding LNG carriers) % 12.04 12.04 37, 47

Total workforce by gender, employment type (for example, full- or part-time), age group and geographical region.

Indicator Unit 2022 2023 2024 Report Pages
Number of female new hires person 15 18 9 48
Number of male new hires person 34 42 23 48
Number of new hires person 49 60 32 39, 48
Number of new hires - female 23 39
Number of new hires - male 9 39
Number of new hires aged 25 and under person 9 39, 48
Number of new hires aged 26 to 35 12 39
Number of new hires aged 36 to 45 6 39
Number of new hires aged 46 to 55 5 39
Number of new hires aged 56 and over person 2 48
Number of new hires aged between 26 and 35 person 9 48
Number of new hires aged between 36 and 45 person 9 48
Number of new hires aged between 46 and 55 person 7 48
Percentage of employees provided with social insurance % 99.89 39, 49
Percentage of female trainees % 29.09 28.95 30.21 49
Percentage of male trainees % 70.91 71.05 69.79 49
Proportion of average employees % 68.96 73.32 71.45 39, 48
Proportion of dispatched employees (excluding crew) % 4.55 7.59 8.05 48
Proportion of dispatched employees (including crew) % 8.05 39
Proportion of employees aged 25 and under % 2.73 2.53 2.21 39, 48
Proportion of employees aged 35 and under % 35.59 39
Proportion of employees aged 36 to 45 % 30.21 39
Proportion of employees aged 46 to 55 % 18.63 39
Proportion of employees aged 56 and over % 10.78 10.62 15.56 39, 48
Proportion of employees aged between 26 and 35 % 18.83 18.08 18.63 48
Proportion of employees aged between 36 and 45 % 30 30.59 30.21 48
Proportion of employees aged between 46 and 55 % 37.66 38.18 38.59 48
Proportion of employees in Chinese mainland % 95.84 96.21 96.11 39, 48
Proportion of employees in Hong Kong, Macao, and Taiwan, China % 2.73 2.65 2.1 48
Proportion of employees in Hong Kong, Macau, and Taiwan, China % 1.89 39
Proportion of employees in regions outside China % 1.43 1.14 0.99 39, 48
Proportion of employees who have joined the labor union % 100 100 100 39, 49
Proportion of employees with disabilities % 0.13 0.01 0.22 39, 49
Proportion of female employees % 29.09 28.95 69.79 39, 48
Proportion of full time employees % 100 39
Proportion of full-time employees % 100 100 100 48
Proportion of junior management % 18.57 17.32 18.08 39, 48
Proportion of male employees % 70.91 71.05 30.21 39, 48
Proportion of middle management % 11.3 8.47 9.7 39, 48
Proportion of regular employees % 95.45 92.41 91.95 39, 48
Proportion of senior management % 1.17 0.89 0.77 39, 48
Proportion of women in junior management % 25 39, 48
Proportion of women in management % 22.01 39, 48
Proportion of women in middle management % 25 39, 48
Proportion of women in senior management % 12.62 39, 48
Total employees 907 39
Total number of employees person 770 791 907 48

Employee turnover rate by gender, age group and geographical region.

Indicator Unit 2022 2023 2024 Report Pages
Total turnover rate % 5.84 4.68 5.32 40, 49
Turnover rate of employees aged 25 and under % 9.52 49
Turnover rate of employees aged 31–50 % 3.88 40
Turnover rate of employees aged 51 and above % 3.02 40
Turnover rate of employees aged 56 and over % 34.94 23.08 23.66 49
Turnover rate of employees aged between 26 and 35 % 3.45 2.7 3.89 49
Turnover rate of employees aged between 36 and 45 % 0.87 0.79 3.02 49
Turnover rate of employees aged between 46 and 55 % 2.41 3.32 3.65 49
Turnover rate of employees in Hong Kong, Macao and Taiwan, China % 4.76 15.38 9.52 49
Turnover rate of employees in the Chinese mainland % 5.83 4.04 5.18 49
Turnover rate of employees in the Philippines % 10 40
Turnover rate of employees outside China % 9.09 10 10 49
Turnover rate of female employees % 3.57 5 23.68 40, 49
Turnover rate of female employees (China) % 4.2 40
Turnover rate of female employees (Overseas) % 9.52 40
Turnover rate of male employees % 6.78 4.25 5.8 40, 49
Turnover rate of male employees (China) % 5.8 40
Turnover rate of male employees (Overseas) % 5.18 40
Voluntary turnover rate % 5.07 40, 49

Number and rate of work-related fatalities occurred in each of the past three years including the reporting year.

Indicator Unit 2022 2023 2024 Report Pages
Number of minor accidents 1 2 1 47
Number of minor accidents (including crew and onshore employees) / 11 24

Lost days due to work injury.

Indicator Unit 2023 2024 Report Pages
Lost time injury frequency rate of crew (supplier's employees) number of lost-time injuries per million working hours 0.03 0.09 24, 47
Lost time injury frequency rate of onshore employees (employees of the Company) number of lost-time injuries per million working hours 1.9 47
Working days lost to work-related injuries (crew) / 240 24

Description of occupational health and safety measures adopted, and how they are implemented and monitored.

Indicator Unit 2024 Report Pages
Investment in safety liability insurance for employees RMB 12600 24, 48
Investment in work safety RMB 222137400 48
Investment in work-related injury insurance for employees RMB 2209000 24, 48
Percentage of employees provided with work-related injury insurance % 99.89 24, 48

The percentage of employees trained by gender and employee category (e.g. senior management, middle management).

Indicator Unit 2022 2023 2024 Report Pages
Participations in the development and issuance of national standard 1 20
Participations in the group standards issuance 7 20
Percentage of employees who received training 100% 7
Percentage of junior management trainees % 18.57 17.32 18.08 49
Percentage of middle management trainees % 11.3 8.47 9.7 49
Percentage of senior management trainees % 1.17 0.89 0.77 49
Percentage of staff trainees % 68.96 73.32 71.45 49
Percentage of trained employees % 100 100 100 42, 49
Percentage of trained employees by gender (Female employees) 30.21% 42
Percentage of trained employees by gender (Male employees) 69.79% 42
Percentage of trained employees by job level (Average employee) 71.45% 42
Percentage of trained employees by job level (Junior management) 18.08% 42
Percentage of trained employees by job level (Middle management) 9.70% 42
Percentage of trained employees by job level (Senior management) 0.77% 42

The average training hours completed per employee by gender and employee category.

Indicator Unit 2022 2023 2024 Report Pages
Average training hours per average employee hour 118 180.21 49
Average training hours per employee hour, hours 133 199.24 162.17 42, 49
Average training hours per employee by gender (Female employees) hours 149.09 42
Average training hours per employee by gender (Male employees) hours 167.63 42
Average training hours per employee by job level (Average employee) hours 139.7 42
Average training hours per employee by job level (Junior management) hours 230.74 42
Average training hours per employee by job level (Middle management) hours 196.87 42
Average training hours per employee by job level (Senior management) hours 199.85 42
Average training hours per female employee hour 116 209.23 149.09 49
Average training hours per junior manager hour 161 212.96 49
Average training hours per male employee hour 140 195.17 167.83 49
Average training hours per middle manager hour 167 299.28 49
Average training hours per senior executive hour 252 550 49
Human capital ROI 2.09 2.09 39, 49
Total investment in employee training RMB 5081100 42, 49
Total training sessions 5338 42, 49
Training investment per employee RMB 5600 42, 49

Number of suppliers by geographical region.

Indicator Unit 2022 2023 2024 Report Pages
Number of suppliers in the Chinese mainland 458 504 522 20, 45
Number of suppliers outside the Chinese mainland 133 114 129 20, 45
Total number of suppliers 591 618 651 20, 45
Visited vessels vessels 133 42

Description of practices relating to engaging suppliers, number of suppliers where the practices are being implemented, and how they are implemented and monitored.

Indicator Unit 2022 2023 2024 Report Pages
Supplier vetting coverage % 100 100 100 20, 45

Description of practices relating to observing and protecting intellectual property rights.

Indicator Unit 2024 Report Pages
Invention patents applications 7 20
Invention patents granted 2 20
Software copyrights obtained 3 20
Utility model patent applications 2 20
Utility model patent granted 1 20

Description of anti-corruption training provided to directors and staff.

Indicator Unit 2024 Report Pages
Number of directors who received anti-commercial bribery and anti-corruption training person 9 45
Number of employees who received anti-commercial bribery and anti-corruption training person 907 45
Number of senior managers who received anti-commercial bribery and anti-corruption training person 7 45
Percentage of directors trained in anti-corruption % 100 13
Percentage of directors who received anti-commercial bribery and anti-corruption training % 100 45
Percentage of employees provided with business ethics training 100% 7
Percentage of employees trained in anti-corruption % 100 13
Percentage of employees who received anti-commercial bribery and anti-corruption training % 100 45
Percentage of senior management trained in anti-corruption % 100 13
Percentage of senior managers who received anti-commercial bribery and anti-corruption training % 100 45
Total number of directors trained in anti-corruption person 9 13
Total number of employees trained in anti-corruption person 907 13
Total number of senior management trained in anti-corruption person 7 13

Focus areas of contribution (e.g. education, environmental concerns, labour needs, health, culture, sport).

Indicator Unit 2024 Report Pages
Benefited crew members crew members 3500 42
Distributed consolation funds RMB 290000 42
Provided individual support for crew members crew members 55 42
Total investment in rural revitalization RMB 750000 7

Resources contributed (e.g. money or time) to the focus area.

Indicator Unit 2024 Report Pages
Total investment in charitable programs RMB 1087100 7

The types of emissions and respective emissions data.

Standard Indicator Unit 2022 2023 2024
NOₓ Emission Intensity (By Logistics) kg/1000 tonne-mile 0.1527 0.1617 0.1564
NOₓ Emissions tonne 81960.37 85803.42 94304.46
SOₓ Emission Intensity (By Logistics) kg/1000 tonne-mile 0.02 0.02 0.02
SOₓ Emissions tonne 10091.87 10587.78 11514.03

Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2022 2023 2024
Direct GHG Emissions (Scope 1) tonne of CO₂ equivalent 3390870.62 3546131.87 3914737.77
Indirect Energy Emissions (Scope 2) tonne of CO₂ equivalent 1087.6 1313.17 1737.77
Mobile Combustion Emissions tonne of CO₂ equivalent 51.84 87.02 100.35
Total GHG Emissions tonne of CO₂ equivalent 3391376.76 3547208.23 3915748.04

Total hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2022 2023 2024
Hazardous Waste Incineration tonne 398.02 404.25
Total Hazardous Waste tonne 10197.87 11536.24 8762.86
Total Hazardous Waste Intensity (By Product Weight) g/1000 tonne-mile 19 21.75 14.53

Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2022 2023 2024
Non-Hazardous Waste Recycled tonne 150.58 102.03 144.44
Recycling Rate of Non-Hazardous Waste % 1.54
Total Non-Hazardous Waste Intensity (By Product Weight) g/1000 tonne-mile 1.73 1.22 0.99

Description of emissions target(s) set and steps taken to achieve them.

Standard Indicator Unit 2024 2030 2040
CO2 Emissions Reduction Compared to Last Year tonne of CO₂ equivalent 1237.2
Target Reduction in GHG Intensity Percentage by 2030 Compared to 2020 % 30 40

Description of how hazardous and non-hazardous wastes are handled, and a description of reduction target(s) set and steps taken to achieve them.

Standard Indicator Unit 2022 2023 2024
Total waste disposal tonne 2407.54 2701.55 2871.47

Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in '000s) and intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2022 2023 2024
Biomass Energy tonne 2873.68
Diesel Fuel Consumption tonne 32064.13 29199.38 52603.25
Energy Consumption Intensity (By Unit Product) MWh/1000 tonne-mile 0.0236 0.0031 0.003
Fossil Fuel Consumption tonne 1088000 1137900 1255900
Fuel Oil Consumption tonne 1055889.44 1108663.02 1203380.81
Percentage of Renewable Energy Consumption % 0.16
Purchased Electricity tonne of coal equivalent 1907064.8 243.81 268.83
Total Energy Consumption tonne of coal equivalent 12656018.87 1626668.3 14613681.23
Total Fuel Consumption tonne 1088000 1137900 1255900

Water consumption in total and intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2022 2023 2024
Water Consumption 528170 579640 705447.94
Water Consumption in Office 7779 11791 10164.94

Total workforce by gender, employment type (for example, full- or part-time), age group and geographical region.

Standard Indicator Unit 2022 2023 2024
Number of New Employees person 49 60 32
Number of New Employees (Female) person 15 18 23
Number of New Employees (Male) 9
Number of Total Employees person 770 791 907
Percentage of Employees Aged 30-50 % 67.66 68.77 68.80000000000001
Percentage of Employees Aged Above 50 % 10.78 10.62 10.36
Percentage of Employees Aged Below 30 % 21.56 20.61 20.84
Percentage of Employees in Hong Kong and Mainland China % 98.57000000000001 98.86 99.00999999999999
Percentage of Employees in Mainland China % 95.84 96.21 96.91
Percentage of Employees in Overseas % 1.43 1.14 2.1
Percentage of Female Employees % 29.09 28.95 30.21
Percentage of Full-time Employees % 100 100 100
Percentage of Junior Management Employees % 18.57 17.32 18.08
Percentage of Male Employees % 70.91 71.05 69.79
Percentage of Middle Management Employees % 11.3 8.47 9.7
Percentage of Senior Management Employees % 1.17 0.89 0.77

Employee turnover rate by gender, age group and geographical region.

Standard Indicator Unit 2022 2023 2024
Turnover Rate of Employees Aged 30-50 % 3.88
Turnover Rate of Employees Aged Above 50 % 34.94 23.08 23.66
Turnover Rate of Employees Aged Below 30 % 9.52
Turnover Rate of Employees in Hong Kong % 4.76 15.38 9.52
Turnover Rate of Employees in Hong Kong and Mainland China % 5.83 4.04
Turnover Rate of Employees in Mainland China % 5.83 4.04 5.18
Turnover Rate of Employees in Overseas % 9.09 10 10
Turnover Rate of Female Employees % 3.57 5 23.68
Turnover Rate of Male Employees % 6.78 4.25 5.8
Turnover Rate of Total Employees % 5.84 4.68 5.32

Lost days due to work injury.

Standard Indicator Unit 2023 2024
Lost Time Injury Frequency Rate (Contractor) number of lost-time injuries per million working hours 0.03 0.189
Lost Time Injury Frequency Rate (Employees) number of lost-time injuries per million working hours 1.9
Lost Working Days Due to Work-related Injuries (Contractor) day 240

Description of occupational health and safety measures adopted, and how they are implemented and monitored.

Standard Indicator Unit 2024
Investment in Work Safety RMB 222137400

The percentage of employees trained by gender and employee category (e.g. senior management, middle management).

Standard Indicator Unit 2022 2023 2024
Percentage of Employees Trained % 100 100 100
Percentage of Trained Female Employees % 30.21
Percentage of Trained General Employees % 68.96 73.32 71.45
Percentage of Trained Male Employees % 69.79
Percentage of Trained Middle Management % 11.3 8.47 9.7
Percentage of Trained Senior Management % 1.17 0.89 0.77

The average training hours completed per employee by gender and employee category.

Standard Indicator Unit 2022 2023 2024
Average Training Hours (Female) hour 116 209.23 149.09
Average Training Hours (Male) hour 140 195.17 167.83
Average Training Hours (Middle Management) hour 167 299.28 196.87
Average Training Hours (Senior Management) hour 252 550 199.85
Average Training Hours per Employee hour 133 199.24 162.17

Number of suppliers by geographical region.

Standard Indicator Unit 2022 2023 2024
Number of Suppliers in Mainland China 458 504 522
Number of Suppliers in Overseas 133 114 129
Number of Total Suppliers 591 618 651

Description of practices relating to engaging suppliers, number of suppliers where the practices are being implemented, and how they are implemented and monitored.

Standard Indicator Unit 2022 2023 2024
Percentage of Critical Suppliers Covered by CSR Audit % 100 100 100

Description of practices relating to observing and protecting intellectual property rights.

Standard Indicator Unit 2024
Number of Authorised Utility Model Patents 1
Number of Intellectual Property Rights Obtained by the Company 6
Number of Invention Patents 2
Number of New Patent Applications 9
Number of Patents Applied 9
Number of Patents Granted 3

Description of anti-corruption training provided to directors and staff.

Standard Indicator Unit 2024
Anti-corruption Training Coverage among Directors and Management % 100
Coverage Rate of Ethical Standards and Anti-Corruption Training % 100
Coverage of Anti-corruption Training for Employees % 100
Number of Directors and Management Attendance for Anti-corruption Training person 16
Number of General Employees Attendance for Anti-corruption Training person 907
Number of People Participated in Ethical Standards and Anti-corruption Training person 923

Resources contributed (e.g. money or time) to the focus area.

Standard Indicator Unit 2024
Total Social Investment RMB 1837100