- Tightening regulations on nitrogen oxides and sulfur oxides emissions in major ports
- Climate change impacts including rising sea levels, increasing ocean temperatures, and changes in ecosystems
- Inclusion of the shipping industry in the EU ETS
- Economic uncertainties
Pan Ocean Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Pan Ocean Co., Ltd. disclosed greenhouse gas emissions of 6.4M tCO2eq/year (Scope 1 2 3). By scope: Scope 1: 2.7M tCO2e/year; Scope 2: 483 tCO2e/year; Scope 3: 3.7M tCO2e/year. 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
6.4M tCO2eq/year (Scope 1 2 3)
2022
Water Usage
5.7K m3/year
2022
Waste
29.7K tons/year
2022
Energy Use
848.8K TOE/year
2022
📊 Emissions by Scope (2022)
| 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). | 2.7M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 483 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 3.7M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Total emissions reduced by 88,380 tCO2eq compared to 2021, with a 31% reduction in emissions intensity
- Issued the first-ever green bond in the domestic shipping industry with a size of 50 billion KRW
- BWMS installation completed on 105 vessels by June 2023; plan to expand to all vessels by 2025
- Introduced Rotor Sail System (RTS) to the large bulk carrier, SEA ZHOUSHAN
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce total emissions by 10.4% and emission intensity by 15.2% by 2030 (base year: 2021)
📅 Medium-term
- Achieve 2050 Net Zero
🔭 Long-term
- Achieve Net Zero in all business areas by 2050
🌱 ESG Focus Areas
Climate Change ResponseGreenhouse Gas and Energy ManagementStrengthen OSH ManagementAir Pollution ControlEstablishment of Human Rights Management SystemEthical and Compliance ManagementSecure and Foster TalentsEnhance Anti-Corruption ActivitiesEstablishment of Sustainable Business Governance