In 2023, U-Ming Marine Transport 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).
U-Ming Marine Transport has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 490,629.285a | 708,912b | 793,757b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 107.099a | 87.8b | 78.76b | |
Total Scope 3 | 566,166.012a | 54.53b | 40.81b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1,046.9924a | 1,537.3b | 1,570.3765b |
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In 2023, the total operational greenhouse gas (GHG) emissions of U-Ming Marine Transport amounted to 490,736.383 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 U-Ming Marine Transport decreased by 30.78%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2023, the total Scope 1 emissions of U-Ming Marine Transport were 490,629.285 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, U-Ming Marine Transport's Scope 1 emissions have decreased by 37.38%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2022), U-Ming Marine Transport's Scope 1 emissions decreased by 30.79%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
In 2023, U-Ming Marine Transport reported Scope 2 greenhouse gas (GHG) emissions of 107.099 tCO₂e without specifying the calculation method.a
Compared to the previous year (2022), U-Ming Marine Transport's Scope 2 emissions (Unspecified Calculation Method) rose by 21.98% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2023, U-Ming Marine Transport reported its Scope 2 emissions using an unspecified methodology.a
In 2023, U-Ming Marine Transport reported 566,166.012 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 U-Ming Marine Transport includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2023, U-Ming Marine Transport reported total Scope 3 emissions of 566,166.012 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 25.17% of these emissions originated from upstream activities such as purchased goods and capital goods, while 74.83% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2022), U-Ming Marine Transport's Scope 3 emissions increased by 1,038,165.2%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2023, U-Ming Marine Transport reported emissions for 6 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.
In 2023, the largest contributors to U-Ming Marine Transport's Scope 3 emissions were:a
In 2023, U-Ming Marine Transport reported Scope 1 greenhouse gas (GHG) emissions of 490,629.285 tCO₂e and total revenues of USD 469 millions. This translates into an emissions intensity of 1,046.99 tCO₂e per millions USD.a
In 2023, U-Ming Marine Transport reported a Scope 1 emissions intensity of 1,046.99 tCO₂e per millions USD. Compared to the peer group median of 640.81, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, U-Ming Marine Transport ranked 20 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
U-Ming Marine Transport is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2023, U-Ming Marine Transport reported a total carbon footprint of 1,056,902.395 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 49.06% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to U-Ming Marine Transport's total carbon footprint was Scope 3 emissions, accounting for 53.57% of the company's total carbon footprint, followed by Scope 1 emissions at 46.42%.a