Yang Ming Marine Transport Corporation
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 69% 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 4,214,595,498.6 kg CO2e for Scope 1, 18,136,988.6 kg CO2e for Scope 2, and 1,509,563,548.4 kg CO2e for Scope 3. This data highlights the company's substantial carbon footprint across all scopes of emissions. Looking at previous years, in 2022, the emissions were approximately 4,034,299,544.5 kg CO2e for Scope 1, 11,200,409.3 kg CO2e for Scope 2, and 648,041,495.9 kg CO2e for Scope 3. In 2021, the figures were approximately 3,989,792,822.7 kg CO2e for Scope 1, 10,732,646.1 kg CO2e for Scope 2, and 120,928,445.3 kg CO2e for Scope 3. This indicates a trend of increasing emissions over the years. Yang Ming has set ambitious climate commitments, aiming for net-zero emissions by 2050. In the near term, the company plans to reduce absolute greenhouse gas emissions from its fleet by 20% compared to 2018 levels and from onshore operations by 25% compared to 2023 levels by 2030. Additionally, as of 2024, the carbon intensity of Yang Ming’s operating vessels has reached 37 g CO2/TEU-km, reflecting a 62.76% reduction from the base year of 2008, surpassing the International Maritime Organization's target of a 40% reduction by 2030. Yang Ming's emissions data is not cascaded from any parent organization, indicating that the reported figures are solely from its own operations. The company is actively working towards its climate goals while addressing its carbon emissions across all scopes.
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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 | 120,928,445.3 | 000,000,000.0 | 0,000,000,000.0 |
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.
Yang Ming Marine Transport Corporation 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.
