Yang Ming Marine Transport Corporation

Yang Ming Marine Transport Corporation's reported carbon emissions

Yang Ming Marine Transport Corporation, headquartered in TW and operating within the "Other transport equipment (35)" industry, has reported significant greenhouse gas emissions. In 2023, the company's total emissions reached approximately 5.74 billion kg CO2e. This total comprises approximately 4.21 billion kg CO2e for Scope 1, approximately 18.14 million kg CO2e for Scope 2, and approximately 1.51 billion kg CO2e for Scope 3. Scope 3 emissions in 2023 were largely driven by fuel and energy-related activities (approximately 750.72 million kg CO2e) and capital goods (approximately 722.37 million kg CO2e). In 2022, Yang Ming's total emissions were approximately 4.69 billion kg CO2e, with Scope 1 contributing approximately 4.03 billion kg CO2e, Scope 2 approximately 11.20 million kg CO2e, and Scope 3 approximately 648.04 million kg CO2e. For 2021, total emissions were approximately 4.11 billion kg CO2e, with Scope 1 at approximately 3.99 billion kg CO2e, Scope 2 at approximately 10.73 million kg CO2e, and Scope 3 at approximately 120.93 million kg CO2e, with the majority of Scope 3 emissions attributed to the use of sold products. Yang Ming has set ambitious climate commitments. The company aims for a 20% reduction in absolute GHG emissions from its fleet by 2030, compared to 2018 levels, and a 25% reduction in absolute GHG emissions from onshore operations by 2030, compared to 2023. Longer-term, Yang Ming is targeting net-zero or near-zero emissions by 2050. Furthermore, Yang Ming has demonstrated progress in reducing carbon intensity. As of 2024, the carbon intensity of its operating vessels has reached approximately 37g CO2/TEU-km, representing a 62.76% reduction from the 2008 baseline. This achievement exceeds the International Maritime Organization's (IMO) 2030 target of a 40% reduction.