Ocean Network Express Pte. Ltd. Sustainability Profile
Ocean Network Express Pte. Ltd. (commonly known as ONE) is a leading global container shipping company headquartered in Singapore (SG). Established in 2017, ONE has rapidly positioned itself as a key player in the maritime industry, focusing on providing innovative and efficient shipping solutions across major operational regions, including Asia, Europe, and North America. The company offers a comprehensive range of services, including container shipping, logistics, and supply chain management, distinguished by its commitment to sustainability and customer-centric solutions. ONE's modern fleet and advanced digital platforms enhance operational efficiency, setting it apart in a competitive market. With a strong emphasis on reliability and service quality, Ocean Network Express has achieved significant milestones, including rapid fleet expansion and a growing global presence, solidifying its status as a trusted partner in international trade.
DitchCarbon Score
How does Ocean Network Express Pte. Ltd.'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 Land Transportation 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
Ocean Network Express Pte. Ltd.'s score of 35 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ocean Network Express Pte. Ltd.'s reported carbon emissions
In 2023, Ocean Network Express Pte. Ltd. reported total carbon emissions of approximately 12.5 billion kg CO2e. This figure includes Scope 1 emissions of about 10.3 billion kg CO2e, Scope 2 emissions of approximately 9.8 million kg CO2e, and Scope 3 emissions of around 2.3 billion kg CO2e. The company has set ambitious reduction targets, aiming for a 70% reduction in Scope 1 emissions per TEU-km from a 2008 baseline by 2030. Additionally, they are targeting a 25% reduction in CO2 emissions (in grams per TEU-km) by 2030 from a 2018 baseline, with a long-term vision of achieving a 50% reduction by 2050 from the same baseline. Ocean Network Express is committed to addressing climate change through various initiatives, which have allowed them to reduce their greenhouse gas emission intensity. The emissions data is cascaded from their corporate family, with the organization being a current subsidiary of Ocean Network Express Pte. Ltd. This commitment to sustainability reflects the broader industry challenge of reducing emissions in the shipping sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 10,090,333,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 00,000,000,000 |
| Scope 2 | 161,100 | 000,000 | 000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | 0,000,000,000 |
How Carbon Intensive is Ocean Network Express Pte. Ltd.'s Industry?
How Carbon Intensive is Ocean Network Express Pte. Ltd.'s Location?
Ocean Network Express Pte. Ltd.'s Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 18% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" representing nearly all of their reported Scope 3 footprint.
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Ocean Network Express Pte. Ltd.'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.
Ocean Network Express Pte. Ltd. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
