Pan Ocean
Pan Ocean Co., Ltd., commonly referred to as Pan Ocean, is a prominent player in the maritime and logistics industry, headquartered in South Korea (KR). Established in 1976, the company has evolved into a leading provider of shipping and logistics services, with a strong operational presence across Asia, Europe, and the Americas. Specialising in bulk shipping, container transportation, and logistics solutions, Pan Ocean distinguishes itself through its commitment to safety, efficiency, and sustainability. The company has achieved significant milestones, including expanding its fleet and enhancing its service offerings to meet the dynamic needs of global trade. With a robust market position, Pan Ocean is recognised for its innovative approach and dedication to customer satisfaction, making it a trusted partner in the shipping industry.
DitchCarbon Score
How does Pan Ocean'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
Pan Ocean's score of 21 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Pan Ocean's reported carbon emissions
In 2023, Pan Ocean reported total carbon emissions of approximately 4,451,253,000 kg CO2e, with significant contributions from Scope 1 and Scope 3 emissions. Specifically, Scope 1 emissions were about 2,678,713,000 kg CO2e, primarily from mobile combustion, while Scope 3 emissions totalled approximately 4,511,253,000 kg CO2e, with upstream leased assets and upstream transportation and distribution being the largest contributors. In 2022, the company recorded total emissions of around 3,739,975,000 kg CO2e, with Scope 1 emissions at approximately 2,669,080,000 kg CO2e and Scope 3 emissions at about 3,738,975,000 kg CO2e. The trend indicates a substantial carbon footprint, particularly in Scope 3 emissions, which often represent indirect emissions from the supply chain. Despite the high emissions figures, Pan Ocean has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments within the organisation. As the company continues to operate in a carbon-intensive industry, establishing clear and actionable climate goals will be crucial for aligning with global sustainability efforts.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,172,997,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 641,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 1,241,500,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Pan Ocean is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
