China Merchants Energy Shipping
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exclusion reason
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This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
China Merchants Energy Shipping is a major global shipping company specializing in the transportation of crude oil, refined petroleum products, and liquefied natural gas (LNG). The company's core business is the maritime transport of fossil fuels, a sector responsible for approximately 3% of global greenhouse gas emissions. As a carrier for oil and gas majors, its operations are intrinsically linked to the continued demand for fossil fuels.
The Transition Pathway Initiative (TPI) assesses China Merchants Energy Shipping as having insufficient climate governance and no discernible plan to transition its business model. According to TPI's Carbon Performance assessment, the company does not have a target aligned with the Paris Agreement's goal of limiting global warming to 1.5°C. Its current climate strategy is categorized as lacking substantive commitments to reduce the carbon intensity of its fleet or pivot away from fossil fuel cargoes. The company has not set a science-based emissions reduction target.
Research Sources
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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