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OrganisationsPan Ocean
Pan Ocean logo

Pan Ocean

Maritime TransportSouth KoreaKSC: 028670.KS
Last verified 1 month agopanocean.com

Pan Ocean Co., Ltd., commonly referred to as Pan Ocean, is a leading player in the sea and coastal water transportation services industry, headquartered in South Korea (KR). Established in 1976, the company has built a robust reputation for its comprehensive shipping solutions, primarily focusing on bulk carriers, container ships, and offshore services.

With a strong operational presence in key regions across Asia and beyond, Pan Ocean offers unique services that cater to the diverse needs of its clients. The company is renowned for its commitment to safety, efficiency, and environmental sustainability, setting it apart in a competitive market. Over the years, Pan Ocean has achieved significant milestones, solidifying its position as a trusted partner in maritime logistics and transportation.

21
DitchCarbon score

+13 vs industry average

Pan Ocean’s score of 21 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very High

Maritime Transport is among the most carbon-intensive industries

Industry performance

0.743
20192025

The Maritime Transport industry has increased its overall emissions by 30% since 2019

Emissions trajectory 2020 – 2027

0.0B0.0B0.0B0.0B0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Pan Ocean's reported carbon emissions

Pan Ocean, a sea and coastal water transportation services company headquartered in South Korea, has reported its carbon emissions for the years 2020 through 2024.

In 2024, Pan Ocean's total emissions were approximately 9.81 billion kg CO2e. This figure comprises Scope 1 emissions of about 2.92 billion kg CO2e, Scope 2 emissions of approximately 599,000 kg CO2e, and Scope 3 emissions of about 4.38 billion kg CO2e. Significant contributors to its Scope 3 emissions include upstream transportation and distribution at approximately 2.67 billion kg CO2e and upstream leased assets at around 1.71 billion kg CO2e.

For 2023, the company's total emissions amounted to approximately 9.19 billion kg CO2e, with Scope 1 at about 2.68 billion kg CO2e, Scope 2 at approximately 580,000 kg CO2e, and Scope 3 at around 4.51 billion kg CO2e.

In 2022, Pan Ocean's total emissions were approximately 9.01 billion kg CO2e, consisting of Scope 1 emissions of about 2.67 billion kg CO2e, Scope 2 emissions of approximately 483,000 kg CO2e, and Scope 3 emissions of about 3.74 billion kg CO2e.

Pan Ocean has reported a reduction in greenhouse gas emissions from energy use by 12.9% between 2021 and 2022.

The organisation's emissions data is inherited from Pan Ocean Co., Ltd., with Pan Ocean Co., Ltd. holding a cascade level of 0 for its initiative and performance sources. Pan Ocean reports that its Scope 1 and Scope 2 emissions from energy use decreased by 12.9% compared to 2021, for the year ending 2022.

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Pan Ocean’s Climate Goals (2030 & 2050)

2 goals

2022

12.9% reduction in Scope 1

The greenhouse gas emissions from the company's energy use decreased by 12.9% compared to 2021.

Insufficient data12.9%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

5 of 15 categories disclosed
Upstream Transportation & Distribution61%
Upstream Leased Assets39%
Purchased Goods & Services0%
Business Travel0%
Employee Commuting0%
Upstream Transportation & Distribution61%
Upstream Leased Assets39%
Purchased Goods & Services0%
Business Travel0%
Employee Commuting0%

See all scope 3 categories

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

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Not active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

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Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Not active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Pan Ocean logoPan Ocean
KRMaritime Transport
1 month ago
21
Ap Moller Maersk logoAp Moller Maersk
DKMaritime Transport
6 days ago
73
View
Cma Cgm logoCma Cgm
FRMaritime Transport
6 days ago
66
View
SBL Inc. logoSBL Inc.
USWholesale Trade
1 month ago
49
View
Nippon Yusen logoNippon Yusen
JPMaritime Transport
20 minutes ago
37
View
ZIM Shipping logoZIM Shipping
ILPipeline Transportation
7 days ago
31
View
Evergreen Marine Corporation (Taiwan) Ltd. logoEvergreen Marine Corporation (Taiwan) Ltd.
TWMaritime Transport
1 month ago
30
View

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Ditchcarbonv260708.3
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