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Yang Ming Marine Transport Corporation, commonly referred to 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 across major regions including Asia, Europe, and North America.
Specialising in the transportation of goods via a modern fleet, Yang Ming offers a range of services that include container shipping, logistics, and terminal operations. The company is recognised for its commitment to innovation and sustainability, continually enhancing its fleet to meet environmental standards. With a strong market position, Yang Ming has achieved notable milestones, including significant expansions and partnerships that bolster its competitive edge in the maritime sector.
+1 vs industry average
Yang Ming Marine Transport Corporation’s score of 29 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Transport Equipment Manufacturing has above-average carbon intensity
The Transport Equipment Manufacturing industry has reduced its overall emissions by 31% since 2018
Scope 3 accounts for ••• of total emissions.
Yang Ming Marine Transport Corporation, headquartered in TW and operating in the Other transport equipment (35) industry, has reported Scope 1 emissions of approximately 4.22 billion kg CO2e and Scope 2 emissions of about 18.14 million kg CO2e for the reporting year 2023. In the same year, Scope 3 emissions amounted to approximately 1.51 billion kg CO2e, with significant contributions from capital goods (about 722.37 million kg CO2e) and fuel and energy-related activities (approximately 750.72 million kg CO2e). The total combined emissions for 2023 were approximately 5.75 billion kg CO2e.
For the reporting year 2022, Yang Ming reported Scope 1 emissions of approximately 4.03 billion kg CO2e, Scope 2 emissions of about 11.20 million kg CO2e, and Scope 3 emissions of approximately 648.04 million kg CO2e. The total combined emissions for 2022 were approximately 4.69 billion kg CO2e.
In terms of climate commitments, Yang Ming is aiming for a 20% reduction in absolute GHG emissions from its fleet by 2030 compared to 2018, and a 25% reduction in absolute GHG emissions from onshore operations by 2030 compared to 2023. The company also has a long-term target of net-zero emissions by 2050. Furthermore, as of 2024, the carbon intensity of Yang Ming’s operating vessels has reached 37g CO₂/TEU-km, representing a 62.76% reduction from the 2008 baseline, surpassing the IMO’s 2030 target of 40% reduction.
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2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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