Hmm Sustainability Profile
Hmm. It, also known as Hyundai Merchant Marine, is a prominent player in the global shipping and logistics industry, headquartered in South Korea (KR). Founded in 1976, the company has evolved significantly, establishing itself as a key provider of container shipping services and logistics solutions across major operational regions, including Asia, Europe, and North America. Hmm. It offers a diverse range of services, including container shipping, logistics, and terminal operations, distinguished by its commitment to innovation and sustainability. The company has achieved notable milestones, such as expanding its fleet and enhancing its service network, positioning itself as a competitive force in the maritime sector. With a focus on customer-centric solutions and advanced technology, Hmm. It continues to strengthen its market presence and reputation for reliability in the shipping industry.
DitchCarbon Score
How does Hmm's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Maritime Transport industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hmm's score of 30 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hmm's reported carbon emissions
In 2023, HMM reported total carbon emissions of approximately 7,654,768,000 kg CO2e. This figure includes 5,456,615,000 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 16,343,000 kg CO2e from Scope 2 emissions related to purchased electricity. Scope 3 emissions accounted for about 2,181,850,000 kg CO2e, with significant contributions from upstream leased assets (39,271,000 kg CO2e) and downstream leased assets (421,232,000 kg CO2e). HMM has set an ambitious target to achieve net-zero emissions by 2045, which is five years ahead of the International Maritime Organization's (IMO) goal of 2050. This commitment encompasses all scopes of emissions, reflecting a proactive approach to climate action. The emissions data is sourced directly from HMM Co., Ltd, with no cascading from a parent organization. HMM's ongoing efforts and commitments position it as a responsible player in the maritime industry, striving to reduce its carbon footprint and contribute to global climate goals.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 4,731,155,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 25,754,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Hmm's Industry?
How Carbon Intensive is Hmm's Location?
Hmm's Scope 3 Categories Breakdown
Hmm's Scope 3 emissions, which increased by 43% last year and decreased by approximately 28% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 29% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 54% of Scope 3 emissions.
Top Scope 3 Categories
Hmm's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hmm has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
