Climate Change Data

CSSC (Hong Kong) Shipping Company Limited

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:137.93 tCO2e
Scope 1 Emissions:2.37 tCO2e
Scope 2 Emissions:100.19 tCO2e
Scope 3 Emissions:35.37 tCO2e
Total Energy Consumption:173.53 thousand kWh
Water Consumption:731155401636017
Waste Generated:10,052.42 tonnes
Carbon Intensity:0.06 tCO2e/m (2022)

ESG Focus Areas

  • Green Shipping
  • Clean Energy
  • Climate Change
  • Corporate Governance
  • Employee Well-being
  • Rural Revitalization
  • Supply Chain Management

Environmental Achievements

  • Successfully conducted a marine trial of biofuel, reducing CO2 emissions by 274 tonnes (23.78% less than traditional fuel oil).
  • Planned power plant transformation for four VLGCs using LPG as main fuel, expected to reduce CO2 emissions by 20,000 tonnes per year.
  • Owned 22 offshore clean energy equipment, accounting for 40.5% of the total contract value.

Social Achievements

  • Zero work-related injuries during the reporting period.
  • Implemented employee medical fund plan and established a trade union assistance fund.
  • Actively contributed to rural revitalization with RMB 38,315 spent on consumer assistance.

Governance Achievements

  • Successfully listed on the SEHK.
  • Implemented power reform of the Board and granted share options to management personnel.
  • Established an ESG & Sustainability Committee and an anti-corruption coordination working group.

Climate Goals & Targets

Long-term Goals:
  • Reduce energy use in ship operation and improve energy efficiency.
  • Reduce emissions through ship technical transformation and upgrading.
Medium-term Goals:
  • Increase the frequency of use of clean energy.
  • Gradually improve the use of alternative sustainable fuels such as clean energy.
Short-term Goals:
  • 100% compliance rate of sulphide emissions from vessels.
  • Increase the installation rate of denitrification equipment for new shipbuilding to not less than 80%.

Environmental Challenges

  • Physical risks and transition risks of climate change and extreme weather.
  • Data security risks.
  • Policy and legal changes.
Mitigation Strategies
  • Established an extreme weather monitoring mechanism and emergency plans.
  • Improved the organizational structure of data security risk management.
  • Actively responded to policy requirements through green and low-carbon transformation and clean energy development.

Supply Chain Management

Supplier Audits: Annual evaluations conducted by Business Department and Ship Asset Management Department.

Responsible Procurement
  • Adherence to principles of “Great performance credit, Reasonable price, Convenient services”.

Climate-Related Risks & Opportunities

Physical Risks
  • Increase in sea level, extreme weather affecting ship projects and office operations.
Transition Risks
  • Structural changes in the transition to a low-carbon economy.
Opportunities
  • Development of energy-efficient products and services; expansion into clean energy fields.

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 27 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

Sustainable Products & Innovation

  • LNG carriers; dual-fuel VLGCs; offshore clean energy equipment.

Awards & Recognition

  • ESG Disclosure Transparency Badge (NSBN)