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 19 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Pan Ocean's reported carbon emissions
In 2023, Pan Ocean reported total carbon emissions of approximately 4,518,000 kg CO2e, comprising 2,678,713,000 kg CO2e from Scope 1, 580,000 kg CO2e from Scope 2, and 4,511,253,000 kg CO2e from Scope 3 emissions. This marked a significant increase in emissions compared to previous years, with total emissions in 2022 being about 2,669,563,000 kg CO2e. The company has disclosed emissions data across all three scopes (1, 2, and 3) for the years 2019 through 2023. Notably, in 2021, Pan Ocean's total emissions reached approximately 2,757,943,000 kg CO2e, with Scope 1 emissions accounting for about 2,757,404,000 kg CO2e. Despite the lack of specific reduction targets or initiatives outlined in their reports, Pan Ocean's commitment to transparency in emissions reporting reflects an awareness of climate impact. The absence of documented reduction targets suggests that while the company is actively monitoring its emissions, it may not yet have formalised strategies for significant reductions. Overall, Pan Ocean's emissions data highlights the challenges faced in reducing carbon footprints within the maritime industry, underscoring the need for ongoing efforts and commitments to climate action.
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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 committed to any reduction initiatives 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.
