China State Shipbuilding
China State Shipbuilding Corporation (CSSC) is a state-owned company headquartered in Shanghai, China. In 2023, it had a group revenue of USD 10.6 billion from its shipbuilding activities, including production of oil tankers, bulk carriers, conditioner vessels, deep-water survey ships and marine equipment. CSSC is one of the largest shipbuilding companies globally. It has some activities that could help its future low-carbon transition, but it does not disclose any transition plan or emissions targets.
- Ranking position
- #13 /14
- Total score
- 0.3 /100
- ACT
- 0.2 /60
- Core social indicators
- 0.0 /20
- Just transition
- 0.0 /20
- Performance score
- 0.2 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
ACT score components
Act assessment
Trend
CSSC receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease due to its lack of disclosure regarding emissions reduction targets and its current and future CapEx and R&D investments in low-carbon or climate mitigation technologies.
Progress towards the Paris Agreement
CSSC does not publicly disclose a low-carbon transition plan, nor any targets to reduce its carbon emissions. Given the company’s lack of publicly available information, it is not possible to provide a meaningful assessment of its historical emissions intensity trend or the locked-in emissions from its assets. The company should develop a long-term target that aligns with the 1.5°C pathway and covers its scope 1, 2 and 3 emissions. Additionally, it should set intermediate targets at gaps of no more than five years to incentivise near-term action on its longer-term decarbonisation goals. CSSC does not disclose its R&D expenditure, nor what percentage was dedicated to low-carbon technologies. The company does undertake some actions towards decarbonisation, such as retrofitting vessels with low-carbon technologies. However, there is no clarity regarding how CSSC plans to engage with its suppliers and clients to reduce GHG emissions. The company’s non-disclosure of targets, strategy, financial data and emissions intensity, all suggest that the company is not yet committed to the low-carbon transition.
Social Assessment
Core Social Assessment
More about the company
- Headquarters
- Shanghai, China
- Ownership
- Government
- Group revenue
- USD 10.6 billion (FY2023)
- Group employees
- 15,430 (FY2023)
- Vehicles sold
- -
- Website
- http://www.cssc.net.cn
