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 Waste Data Preview

In 2023, Pan Ocean conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards. The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.

Metric (tonnes)2023202220212020 - 2017
Total Waste Generated
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0000000
Total Waste Recovered
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a
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a
0000000
Total Hazardous Waste Generated
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0000000
Non-Hazardous Waste Disposed
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0000000
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Verified Sources Behind Pan Ocean’s Waste Management Data

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a. Pan Ocean's ESG Report 2024
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Insights into Pan Ocean's Waste Treatment Practices

In 2023, Pan Ocean generated a total of 31,489 metric tonnes of waste. a

Of this amount, 37.79% of Pan Ocean's total waste generated was recovered through methods such as recycling, reuse, or composting, while 53.04% was disposed of through landfilling, incineration, or combustion. The remaining 9.16% was either treated using unspecified methods or not clearly categorized. a

Pan Ocean's Waste Recovery Rate

38%

How much of Pan Ocean's waste is recycled or recovered?

In 2023, Pan Ocean reported a total waste generation of 31,489 metric tonnes, of which 37.79% was recovered through recycling, reuse, or composting. This moderate level of recovery indicates that Pan Ocean is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts. a

Has Pan Ocean reduced its environmental waste footprint over time?

Since 2020, Pan Ocean's total waste generation increased by 26.02%, including a 6.04% increase in 2023, indicating a persistent upward trend that may reflect scaling operations, inefficiencies in resource use, or a lack of effective waste minimization practices. a

Over the same period, Pan Ocean's waste recovery rate increased by 29.17%, including a 10.47% rise in 2023, indicating growing emphasis on circularity and improved operational practices for diverting waste from disposal. a

Overall, Pan Ocean has seen a consistent rise in waste generation both over the long term and in the year 2023. However, the company has also steadily improved its waste recovery performance, suggesting that it is actively working to offset the environmental consequences of increased production through enhanced circularity efforts.

Pan Ocean’s Waste Recovery vs. Disposal Over Time

202020212022202307.5 k15 k22.5 k30 ktonnes
  • Total Waste Disposed
  • Total Waste Recovered

Insights into Pan Ocean’s Generation of Hazardous and Non-Hazardous Waste

In 2023, Pan Ocean generated a total of 31,489 metric tonnes of waste. a

Of this amount, 90.84% of Pan Ocean's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment. 9.16% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls. a

Pan Ocean’s Hazardous vs Non-Hazardous Waste Over Time

202020212022202308 k16 k24 k32 ktonnes
  • Total Non-Hazardous Waste Generated
  • Total Hazardous Waste Generated

How Pan Ocean reduced the environmental impact of its waste?

Since 2020, Pan Ocean's total waste generation increased by 26.02%, including a 6.04% rise in 2023, reflecting a persistent upward trend that could be linked to operational growth, inefficient material use, or limited investment in waste prevention systems. a

Over the same period, Pan Ocean reduced the share of hazardous waste by 1.22%, then maintained stable levels in 2023, potentially marking the consolidation of earlier progress in eliminating high-risk materials from its waste stream. a

Overall, Pan Ocean's growing waste output continues to pressure the environment, though past reductions in hazardousness have held steady, suggesting a neutralizing effect that should be actively monitored. a

How does Pan Ocean treat its hazardous waste?

In 2023, Pan Ocean reported that 28,604 metric tonnes of its total waste output were classified as hazardous. This represents 90.84% of its overall waste generation. a

The company treated this hazardous waste using a combination of methods. Approximately 41.61% was managed through recovery methods, indicating a moderate integration of circular practices into its hazardous waste management. However, a significant share was still directed toward disposal, highlighting room for improvement in reducing the long-term impact of hazardous materials. a

Breakdown of Pan Ocean's Hazardous and Non-Hazardous Waste by Treatment Method

Hazardous WasteDisposed(53.0%)Hazardous WasteRecovered(37.8%)Total Non-HazardousWaste Generated(9.2%)
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