- Significant contraction in container shipping demand in 2023.
- Rapid growth of capacity in the supply chain.
- Supply far exceeding demand in the shipping market.
- Widening supply-demand imbalance.
- Increasingly competitive market.
- Uncertainties in the world’s political and economic scenes.
- Stricter environmental regulations and urgent need for low-carbon transformation.
Yang Ming Marine Transport Corp.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Yang Ming Marine Transport Corp. disclosed greenhouse gas emissions of 4.1M tCO2e/year (2023). By scope: Scope 1: 4.0M tCO2e/year (2021); Scope 2: 10.7K tCO2e/year (2021); Scope 3: 120.9K tCO2e/year (2021). 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
4.1M tCO2e/year (2023)
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). | 4.0M tCO2e/year (2021) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 10.7K tCO2e/year (2021) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 120.9K tCO2e/year (2021) |
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 | 4.1M tCO2e/year (2023) |
| 2017 | 5.5M tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced fleet's carbon emissions by 25.6% from 2018 levels to 4.074 million tons in 2023.
- Ordered construction of five new 15,500TEU LNG dual-fuel containerships to meet IMO standards and reduce operating costs.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Improve service quality, maintain sustainable capacity and service frequency, and punctuality.
📅 Medium-term
- Reduce greenhouse gas emissions by 20% by 2030.
- Achieve 70% reduction in carbon intensity by 2040.
🔭 Long-term
- Net-zero emissions by 2050.
🌱 ESG Focus Areas
Environmental SustainabilityCorporate GovernanceEmployee Well-beingSocial CommitmentsClimate Change