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 24 is higher than 62% 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 2023, Pan Ocean reported total greenhouse gas emissions of approximately 6,000,000,000 kg CO2e, comprising 2,678,713,000 kg CO2e from Scope 1, 580,000 kg CO2e from Scope 2, and 4,511,253,000 kg CO2e from Scope 3 emissions. Notably, the majority of their emissions stem from mobile combustion within Scope 1 and upstream transportation and distribution within Scope 3. Comparatively, in 2022, the company recorded total emissions of about 4,000,000,000 kg CO2e, with Scope 1 emissions at 2,669,080,000 kg CO2e, Scope 2 at 483,000 kg CO2e, and Scope 3 at 3,738,975,000 kg CO2e. This indicates a slight increase in emissions from 2022 to 2023. Pan Ocean has made significant strides in reducing its emissions, achieving a 12.9% reduction in greenhouse gas emissions from energy use in both Scope 1 and Scope 2 from 2021 to 2022. This commitment to reducing emissions reflects the company's ongoing efforts to address climate change and improve sustainability practices. Overall, Pan Ocean's emissions data and reduction initiatives highlight its focus on mitigating climate impact while navigating the complexities of its operational emissions across various scopes.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,382,970,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 569,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 1,453,048,000 | 0,000,000,000 | 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.
