Pan Ocean Co Ltd

Common Name
Pan Ocean
Country
South Korea
Sector
Industrials
Industry
Marine Shipping
Employees
1,141
Ticker
028670
Exchange
KOREA EXCHANGE
Description
Pan Ocean Co., Ltd. operates as a South Korean shipping and logistics company, playing an integral part in the global maritime transport industry. Its primary function is to provide comprehensive ocea...

Pan Ocean's GHG Emissions Data Preview

In 2023, Pan Ocean 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).

Pan Ocean has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Unspecified Calculation Method
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0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Pan Ocean’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Pan Ocean’s data sources below and access millions more through our Disclosure Search.

a. Pan Ocean's ESG Report 2024
a. Pan Ocean's ESG Report 2024

Insights into Pan Ocean's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Pan Ocean amounted to 2,679,293 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). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Pan Ocean increased by 0.36%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Pan Ocean's Scope 1 Emissions Over Time

20202021202220230700 k1.4 M2.1 M2.8 MtCO2e+16%-3%0%
  • Total Scope 1
  • Year-over-Year Change

What are Pan Ocean's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Pan Ocean were 2,678,713 metric tons of CO₂ equivalent (tCO₂e). a

Has Pan Ocean reduced its Scope 1 emissions over time?

Since 2020, Pan Ocean's Scope 1 emissions have increased by 12.41%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Pan Ocean's Scope 1 emissions remained relatively stable, indicating that Pan Ocean's emissions have plateaued with no significant change in its operational footprint. a

What are Pan Ocean's Scope 2 emissions?

In 2023, Pan Ocean reported Scope 2 greenhouse gas (GHG) emissions of 580 tCO₂e without specifying the calculation method. a

Has Pan Ocean reduced its Scope 2 emissions over time?

Since 2020, Pan Ocean's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have remained relatively stable, indicating that Pan Ocean 's emissions have plateaued with no significant change in its energy consumption footprint. a

Compared to the previous year (2022), Pan Ocean's Scope 2 emissions (Unspecified Calculation Method) rose by 20.08% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Pan Ocean use for Scope 2 reporting?

In 2023, Pan Ocean reported its Scope 2 emissions using an unspecified methodology. a

Pan Ocean's Scope 2 Emissions Over Time

20202021202220230150300450600tCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Pan Ocean's Value Chain Emissions

In 2023, Pan Ocean reported 4,511,253 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Pan Ocean includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Pan Ocean's Scope 3 Emissions Over Time

202020212022202301.5 M3 M4.5 M6 MtCO2e+99%+30%+21%
  • Total Scope 3
  • Year-over-Year Change

What are Pan Ocean's Scope 3 emissions?

In 2023, Pan Ocean reported total Scope 3 emissions of 4,511,253 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Pan Ocean reduced its Scope 3 emissions over time?

Since 2020, Pan Ocean's Scope 3 emissions have increased by 210.47%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Pan Ocean's Scope 3 emissions increased by 20.65%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Pan Ocean disclose?

In 2023, Pan Ocean reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

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

In 2023, the largest contributors to Pan Ocean's Scope 3 emissions were: a

  • Upstream Transportation and Distribution (Cat. 4): 2,531,001 tCO₂e (56.1%)
  • Upstream Leased Assets (Cat. 8): 1,977,601 tCO₂e (43.84%)
  • Purchased Goods and Services (Cat. 1): 2,399 tCO₂e (0.05%)

Pan Ocean's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(56.1%)Upstream LeasedAssets (Cat. 8)(43.8%)

Insights into Pan Ocean’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Pan Ocean reported Scope 1 greenhouse gas (GHG) emissions of 2,678,713 tCO₂e and total revenues of USD 3,413 millions. This translates into an emissions intensity of 784.91 tCO₂e per millions USD. a

Pan Ocean's Scope 1 Emissions Intensity Compared to Peers

1002,000100,0002,000,000100,000,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)HHHCJ LogisticsYear: 2023Scope 1: 107,186 tCO2eRevenue: $M 9,209Scope 1 Intensity: 11.64 tCO2e/$MHMMYear: 2023Scope 1: 5,456,615 tCO2eRevenue: $M 6,574Scope 1 Intensity: 829.99 tCO2e/$MLIG Nex1Year: 2024Scope 1: 6,327 tCO2eRevenue: $M 2,233Scope 1 Intensity: 2.83 tCO2e/$MEcoProYear: 2024Scope 1: 369 tCO2eRevenue: $M 1,886Scope 1 Intensity: 0.20 tCO2e/$MHHHD Hyundai ElectricYear: 2024Scope 1: 6,818 tCO2eRevenue: $M 2,264Scope 1 Intensity: 3.01 tCO2e/$MHyundai RotemYear: 2024Scope 1: 7,632 tCO2eRevenue: $M 2,983Scope 1 Intensity: 2.56 tCO2e/$MHyosung Heavy IndustriesYear: 2024Scope 1: 14,607 tCO2eRevenue: $M 3,336Scope 1 Intensity: 4.38 tCO2e/$MHD Hyundai Construction EquipmentYear: 2023Scope 1: 14,154 tCO2eRevenue: $M 2,993Scope 1 Intensity: 4.73 tCO2e/$MSKYear: 2024Scope 1: 9,891,457 tCO2eRevenue: $M 84,974Scope 1 Intensity: 116.41 tCO2e/$MDoosan BobcatYear: 2023Scope 1: 52,458 tCO2eRevenue: $M 7,637Scope 1 Intensity: 6.87 tCO2e/$MHHHD Hyundai MipoYear: 2024Scope 1: 57,110 tCO2eRevenue: $M 3,155Scope 1 Intensity: 18.10 tCO2e/$MKorea Aerospace IndustriesYear: 2024Scope 1: 19,821 tCO2eRevenue: $M 2,476Scope 1 Intensity: 8.00 tCO2e/$MHD Hyundai Heavy IndustriesYear: 2024Scope 1: 309,407 tCO2eRevenue: $M 9,872Scope 1 Intensity: 31.34 tCO2e/$MHanwha AeroSpaceYear: 2024Scope 1: 37,211 tCO2eRevenue: $M 7,660Scope 1 Intensity: 4.86 tCO2e/$MDaewoo E&CYear: 2023Scope 1: 3,928 tCO2eRevenue: $M 9,116Scope 1 Intensity: 0.43 tCO2e/$MHD KSOEYear: 2024Scope 1: 3,201 tCO2eRevenue: $M 17,406Scope 1 Intensity: 0.18 tCO2e/$MSamsung Heavy IndustriesYear: 2024Scope 1: 315,969 tCO2eRevenue: $M 6,749Scope 1 Intensity: 46.82 tCO2e/$MDoosanYear: 2023Scope 1: 183,864 tCO2eRevenue: $M 14,971Scope 1 Intensity: 12.28 tCO2e/$MGS HoldingsYear: 2023Scope 1: 15,064,399 tCO2eRevenue: $M 20,330Scope 1 Intensity: 740.99 tCO2e/$MDoosan EnerbilityYear: 2024Scope 1: 196,452 tCO2eRevenue: $M 11,063Scope 1 Intensity: 17.76 tCO2e/$MHHHanwha OceanYear: 2024Scope 1: 202,343 tCO2eRevenue: $M 7,344Scope 1 Intensity: 27.55 tCO2e/$MLSYear: 2023Scope 1: 228,350 tCO2eRevenue: $M 19,158Scope 1 Intensity: 11.92 tCO2e/$MHanwha SystemsYear: 2024Scope 1: 640 tCO2eRevenue: $M 1,910Scope 1 Intensity: 0.33 tCO2e/$MHyundai Engineering & ConstructionYear: 2023Scope 1: 270,467 tCO2eRevenue: $M 23,204Scope 1 Intensity: 11.66 tCO2e/$MSK NetworksYear: 2023Scope 1: 9,287 tCO2eRevenue: $M 7,148Scope 1 Intensity: 1.30 tCO2e/$MPan OceanYear: 2023Scope 1: 2,678,713 tCO2eRevenue: $M 3,413Scope 1 Intensity: 784.91 tCO2e/$M

How does Pan Ocean's GHG emissions intensity compare to its peers?

In 2023, Pan Ocean reported a Scope 1 emissions intensity of 784.91 tCO₂e per millions USD. Compared to the peer group median of 8 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Pan Ocean rank on GHG emissions intensity within its industry?

In 2023, Pan Ocean ranked 25 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Pan Ocean among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Pan Ocean's Total Carbon Footprint

In 2023, Pan Ocean reported a total carbon footprint of 7,190,546 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.2% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Pan Ocean's total carbon footprint was Scope 3 emissions, accounting for 62.74% of the company's total carbon footprint, followed by Scope 1 emissions at 37.25%. a

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