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 40 is higher than 66% 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 10,325,000 kg CO2e. This figure includes Scope 1 emissions of about 10,270,566,000 kg CO2e, Scope 2 emissions of approximately 9,819,000 kg CO2e, and Scope 3 emissions of around 4,027,532,000 kg CO2e. The company has set ambitious targets to reduce its carbon footprint, aiming for a 70% reduction in Scope 1 emissions per TEU-km from a 2008 baseline by 2030. Additionally, a medium-term goal of a 25% reduction in CO2 emissions per TEU-km by 2030 from a 2018 baseline has been established. Long-term, the company envisions a 50% reduction in CO2 emissions per TEU-km by 2050, also from a 2018 baseline. These commitments reflect Ocean Network Express's proactive approach to addressing climate change within the shipping industry. The emissions data is cascaded from the parent organization, ensuring a comprehensive understanding of their environmental impact.
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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 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Ocean Network Express Pte. Ltd.'s Industry?
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Ocean Network Express Pte. Ltd.'s Scope 3 Categories Breakdown
Ocean Network Express Pte. Ltd.'s Scope 3 emissions, which decreased by 11% last year and increased by approximately 209% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 28% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the primary emissions source at 56% of Scope 3 emissions.
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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.
