HMM Co Ltd

Common Name
HMM
Country
South Korea
Sector
Industrials
Industry
Marine Shipping
Employees
N/A
Ticker
011200
Exchange
KOREA EXCHANGE
Description
HMM Co., Ltd. is a prominent South Korean shipping and logistics company dedicated to providing efficient global transportation services. Its primary function is the international shipping of goods vi...

HMM's GHG Emissions Data Preview

In 2023, HMM completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

HMM has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into HMM's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of HMM amounted to 5,472,958 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of HMM increased by 1.71%, suggesting that the company faced challenges in reducing its emissions from its core operations.

HMM's Scope 1 Emissions Over Time

202020212022202301.5 M3 M4.5 M6 MtCO2e+12%-2%+2%
  • Total Scope 1
  • Year-over-Year Change

What are HMM's Scope 1 emissions?

In 2023, the total Scope 1 emissions of HMM were 5,456,615 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has HMM reduced its Scope 1 emissions over time?

Since 2020, HMM's Scope 1 emissions have increased by 12.19%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), HMM's Scope 1 emissions increased by 2.04%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are HMM's Scope 2 emissions?

In 2023, HMM reported Scope 2 greenhouse gas (GHG) emissions of 16,343 tCOâ‚‚e without specifying the calculation method.

Has HMM reduced its Scope 2 emissions over time?

Since 2020, HMM's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 66.01%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), HMM's Scope 2 emissions (Unspecified Calculation Method) fell by 50.96% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does HMM use for Scope 2 reporting?

In 2023, HMM reported its Scope 2 emissions using an unspecified methodology.

HMM's Scope 2 Emissions Over Time

2020202120222023015 k30 k45 k60 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into HMM's Value Chain Emissions

In 2023, HMM reported 2,181,811 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of HMM includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 3 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

HMM's Scope 3 Emissions Over Time

2021202220230750 k1.5 M2.25 M3 MtCO2e-48%+43%
  • Total Scope 3
  • Year-over-Year Change

What are HMM's Scope 3 emissions?

In 2023, HMM reported total Scope 3 emissions of 2,181,811 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 80.19% of these emissions originated from upstream activities such as purchased goods and capital goods, while 19.81% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), HMM's Scope 3 emissions increased by 43.47%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does HMM disclose?

In 2023, HMM reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of HMM's Scope 3 emissions?

In 2023, the largest contributors to HMM's Scope 3 emissions were:

  • Fuel- and Energy-Related Services (Cat. 3): 1,179,106 tCOâ‚‚e (54.04%)
  • Downstream Leased Assets (Cat. 13): 421,232 tCOâ‚‚e (19.31%)
  • Upstream Transportation and Distribution (Cat. 4): 415,254 tCOâ‚‚e (19.03%)

HMM's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(19.3%)Fuel- andEnergy-RelatedServices (Cat. 3)(54.0%)UpstreamTransportation andDistribution(Cat. 4)(19.0%)

Insights into HMM's Total Carbon Footprint

In 2023, HMM reported a total carbon footprint of 7,654,769 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.91% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to HMM's total carbon footprint was Scope 1 emissions, accounting for 71.28% of the company's total carbon footprint, followed by Scope 3 emissions at 28.5%.

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