COSCO Shipping Boao Co Ltd is a Chinese company that operates in the Other Commercial Support Services sector. The company is engaged in the provision of logistics and transportation services, including shipping, freight forwarding, and warehousing. COSCO Shipping Boao Co Ltd is a subsidiary of COSCO Shipping Energy Transportation Co Ltd, which is a subsidiary of China COSCO Shipping Corporation Limited.

In recent years, COSCO Shipping Boao Co Ltd has been actively pursuing decarbonisation initiatives to reduce its carbon footprint and contribute to global efforts to combat climate change. The company has set a target to reduce its greenhouse gas emissions by 40% by 2030 compared to 2019 levels. To achieve this target, COSCO Shipping Boao Co Ltd has been investing in renewable energy and other low-carbon technologies.

One of the ways that COSCO Shipping Boao Co Ltd is reducing its carbon footprint is through the use of corporate power purchase agreements (PPAs) for renewable energy. A corporate PPA is a contract between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy at a fixed price over a specified period. By entering into a corporate PPA, COSCO Shipping Boao Co Ltd is able to source renewable energy at a lower cost than traditional fossil fuels, while also reducing its carbon footprint.

COSCO Shipping Boao Co Ltd has signed several corporate PPAs for renewable energy in recent years. In 2020, the company signed a 10-year PPA with China Energy Conservation and Environmental Protection Group for the purchase of 100 MW of wind power. The wind power will be supplied to COSCO Shipping Boao Co Ltd's operations in the Yangtze River Delta region, where the company has several logistics and transportation facilities.

In addition to corporate PPAs, COSCO Shipping Boao Co Ltd is also investing in renewable energy infrastructure. In 2020, the company announced plans to build a 100 MW solar power plant in the Ningxia Hui Autonomous Region. The solar power plant will be built in partnership with China Huaneng Group and will supply renewable energy to COSCO Shipping Boao Co Ltd's operations in the region.

COSCO Shipping Boao Co Ltd is also implementing energy efficiency measures to reduce its energy consumption and carbon footprint. The company has implemented a corporate energy management system to monitor and manage its energy use across its operations. The system includes energy audits, energy performance indicators, and energy-saving measures.

COSCO Shipping Boao Co Ltd is also exploring new technologies to further reduce its carbon footprint. The company is investigating the use of alternative fuels, such as liquefied natural gas (LNG) and hydrogen, for its shipping operations. LNG is a cleaner-burning fuel than traditional marine fuels, while hydrogen is a zero-emission fuel that can be produced from renewable sources.

In conclusion, COSCO Shipping Boao Co Ltd is a Chinese company that is actively pursuing decarbonisation initiatives to reduce its carbon footprint and contribute to global efforts to combat climate change. The company is investing in renewable energy, including through corporate PPAs and infrastructure projects, and implementing energy efficiency measures across its operations. COSCO Shipping Boao Co Ltd is also exploring new technologies, such as alternative fuels, to further reduce its carbon footprint.