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HMM, a sea and coastal water transportation services company headquartered in South Korea, has set an ambitious target of achieving Net Zero emissions by 2045, advancing its goal five years ahead of the International Maritime Organization's target.

In 2023, HMM reported total emissions of approximately 7.7 billion kg CO2e. This figure includes Scope 1 emissions of about 5.5 billion kg CO2e, primarily from mobile combustion, and Scope 2 emissions of approximately 16.3 million kg CO2e from purchased electricity. Scope 3 emissions in 2023 amounted to roughly 2.2 billion kg CO2e, with significant contributions from upstream and downstream leased assets, and fuel and energy-related activities.

The previous year, 2022, saw total emissions of approximately 5.4 billion kg CO2e, with Scope 1 emissions around 5.3 billion kg CO2e and Scope 2 emissions at about 33.3 million kg CO2e. Scope 3 emissions for 2022 were reported as approximately 148.5 million kg CO2e for downstream leased assets, over 729 million kg CO2e for fuel and energy-related activities, and about 643 million kg CO2e for upstream transportation and distribution.

In 2021, HMM's total emissions were approximately 7.7 billion kg CO2e, comprising Scope 1 emissions of about 5.5 billion kg CO2e and Scope 2 emissions of approximately 51 million kg CO2e. Scope 3 emissions for 2021 totalled around 2.2 billion kg CO2e, with notable amounts from upstream transportation and distribution, and capital goods.

The company's emissions in 2020 were approximately 4.9 billion kg CO2e (Scope 1 and 2 combined), with Scope 1 emissions around 4.9 billion kg CO2e and Scope 2 emissions of about 48.1 million kg CO2e. Scope 3 emissions were reported as approximately 3.7 million kg CO2e. In 2019, Scope 1 and 2 emissions totalled approximately 4.2 billion kg CO2e, with Scope 1 at about 4.2 billion kg CO2e and Scope 2 at around 42.6 million kg CO2e. For 2018, Scope 1 and 2 emissions were approximately 4.7 billion kg CO2e, with Scope 1 accounting for about 4.7 billion kg CO2e and Scope 2 for approximately 25.8 million kg CO2e.

HMM's climate commitments include a long-term goal of Net Zero by 2045. The company's emissions data is directly reported by HMM Co., Ltd. and is not cascaded from a parent organisation.