- Weak market and impact of ship sales resulting in a 34.73% decrease in total revenue compared to 2022.
- High interest expenses due to the continued rise in U.S. dollar interest rates.
- Challenging bulk shipping market in 2023 due to war, inflation, and global economic downturn.
Wisdom Marine Group Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Wisdom Marine Group Co., Ltd. disclosed greenhouse gas emissions of 27.7K metric tons CO2e (Scope 1 & 2). By scope: Scope 1: 27.6K metric tons CO2e; Scope 2: 104 metric tons CO2e; Scope 3: 1.4M metric tons CO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
27.7K metric tons CO2e (Scope 1 & 2)
2023
Water Usage
1.95 million liters
2023
Waste
277 tons
2023
Energy Use
276.5K GJ
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 27.6K metric tons CO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 104 metric tons CO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.4M metric tons CO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 27.7K metric tons CO2e (Scope 1 & 2) |
| 2022 | 40.8K tons of CO2e (Scope 1 & 2) |
| 2021 | 1.8M tCO2e/year (Scope 3) |
| 2020 | 1.9M tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced AER (Annual Efficiency Ratio) by approximately 70% compared to 2008.
- 100% of the applicable fleet equipped with ballast water treatment systems.
- 59% of the operational fleet comprises new energy-efficient ships with ME-type engines.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Dispose of vessels to maintain fleet operational efficiency.
- Continue replacing old ships to ensure that more than 50% of the fleet consists of ME type energy efficient ships.
- Achieve full compliance with labor laws and avoid penalties throughout the year.
📅 Medium-term
- Optimize the fleet data reporting system to analyze operational performance and adjust strategies based on quantitative data.
- Build a 100% eco-friendly and energy-efficient green fleet.
- Reduce labor disputes.
🔭 Long-term
- Reduce carbon emission intensity by at least 55% by 2030 and at least 80% by 2040 (using 2008 as the baseline year).
🌱 ESG Focus Areas
EconomyEnvironmentPeople