Yang Ming Marine Transport Corporation Sustainability Profile
Yang Ming Marine Transport Corporation, commonly known as Yang Ming, is a prominent player in the global shipping industry, headquartered in Taiwan (TW). Established in 1972, the company has grown to become a key provider of container shipping services, operating extensively across Asia, Europe, and North America. Yang Ming offers a comprehensive range of services, including container shipping, logistics, and terminal operations, distinguished by its commitment to innovation and sustainability. The company has achieved significant milestones, such as expanding its fleet and enhancing operational efficiency, which have solidified its market position. With a focus on customer satisfaction and environmental responsibility, Yang Ming continues to be recognised for its reliability and service quality, making it a trusted name in marine transport.
DitchCarbon Score
How does Yang Ming Marine Transport Corporation'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 Transport Equipment Manufacturing 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
Yang Ming Marine Transport Corporation's score of 41 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Yang Ming Marine Transport Corporation's reported carbon emissions
In 2023, Yang Ming Marine Transport Corporation reported significant carbon emissions, totalling approximately 4,214,595,499 kg CO2e for Scope 1, 18,136,989 kg CO2e for Scope 2, and 1,509,563,548 kg CO2e for Scope 3. This data highlights the company's substantial carbon footprint across all scopes of emissions. Looking ahead, Yang Ming has set ambitious climate commitments. By 2030, the company aims to reduce absolute greenhouse gas emissions from its fleet by 20% compared to 2018 levels and achieve a 25% reduction in emissions from onshore operations compared to 2023. Furthermore, Yang Ming has achieved a notable reduction in the carbon intensity of its operating vessels, reaching 37 g CO2/TEU-km in 2024, which represents a 62.76% decrease from the base year of 2008, surpassing the International Maritime Organization's target of a 40% reduction by 2030. Additionally, Yang Ming has committed to achieving net-zero emissions by 2050, encompassing all scopes of emissions. These targets reflect the company's proactive approach to addressing climate change and its commitment to sustainability within the maritime industry.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 3,989,792,822.7 | 0,000,000,000.0 | 0,000,000,000.0 |
| Scope 2 | 10,732,646.1 | 00,000,000.0 | 00,000,000.0 |
| Scope 3 | 121,194,874.3 | 000,000,000.0 | 0,000,000,000.0 |
How Carbon Intensive is Yang Ming Marine Transport Corporation's Industry?
How Carbon Intensive is Yang Ming Marine Transport Corporation's Location?
Yang Ming Marine Transport Corporation'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.
Yang Ming Marine Transport Corporation 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.
