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 16 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Pan Ocean's reported carbon emissions
In 2022, Pan Ocean Co., Ltd. reported total greenhouse gas emissions of approximately 6,408,538,000 kg CO2e. This figure includes Scope 1 emissions of about 2,669,026,000 kg CO2e, primarily from mobile combustion, and Scope 2 emissions of approximately 483,000 kg CO2e. Additionally, Scope 3 emissions were significant, totalling around 3,738,975,000 kg CO2e, with major contributions from upstream leased assets (approximately 2,219,848,000 kg CO2e) and business travel (about 188,000 kg CO2e). Notably, Pan Ocean achieved a reduction in greenhouse gas emissions from energy use, decreasing by 12.9% from 2021 to 2022 for both Scope 1 and Scope 2 emissions. This commitment to reducing emissions reflects the company's ongoing efforts to enhance its sustainability practices. The emissions data for 2023 is currently unavailable, and the company has not disclosed specific targets under the Science Based Targets initiative (SBTi). However, it is important to note that the emissions data reported is cascaded from Pan Ocean Co., Ltd., as part of its corporate family relationship. Overall, Pan Ocean's climate commitments demonstrate a proactive approach to managing and reducing its carbon footprint, aligning with industry standards for climate action.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 2,382,970,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | 000,000 |
| Scope 3 | 1,453,048,000 | 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 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.
