Pan Ocean Sustainability Profile
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 16 is higher than 54% 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 2022, Pan Ocean Co., Ltd. reported total greenhouse gas emissions of approximately 6,408,538,000 kg CO2e. This figure includes Scope 1 emissions of about 2,669,026,000 kg CO2e, primarily from mobile combustion, and Scope 2 emissions of approximately 483,000 kg CO2e from purchased electricity. Additionally, Scope 3 emissions were reported at around 3,738,975,000 kg CO2e, with significant contributions from upstream leased assets (approximately 2,219,848,000 kg CO2e) and purchased goods and services (about 9,532,000 kg CO2e). Pan Ocean has made notable strides in reducing its emissions, achieving a 12.9% decrease in greenhouse gas emissions from energy use in both Scope 1 and Scope 2 between 2021 and 2022. This reduction reflects the company's commitment to improving its environmental performance. The emissions data for 2023 is not yet available, and the company has not disclosed specific targets under the Science Based Targets initiative (SBTi). However, it is important to note that the emissions data reported is cascaded from the parent company, Pan Ocean Co., Ltd., indicating a structured approach to emissions reporting within its corporate family. Overall, Pan Ocean's efforts demonstrate a proactive stance towards climate commitments, focusing on both immediate reductions and long-term sustainability goals.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 2,382,970,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 569,000 | 000,000 | 000,000 |
| Scope 3 | 1,453,048,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Pan Ocean's Industry?
How Carbon Intensive is Pan Ocean's Location?
Pan Ocean's Scope 3 Categories Breakdown
Pan Ocean's Scope 3 emissions, which increased by 66% last year and increased by approximately 157% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 58% of total emissions under the GHG Protocol, with "Upstream Leased Assets" being the largest emissions source at 59% of Scope 3 emissions.
Top Scope 3 Categories
Pan Ocean'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.
Pan Ocean 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.
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