In 2024, Wan Hai Lines 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).
However, Wan Hai Lines has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 4,471,249.48a | 4,454,874.83a | 5,359,084.49b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 21,655.43a | 19,982.1a | 13,409.89b | |
Total Scope 3 | 1,431,062.06a | 1,991,247.66a | 2,046,302.54b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 905.3038a | 1,363.6193a | 635.9422b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Wan Hai Lines amounted to 4,492,904.91 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 2023, the total operational greenhouse gas (GHG) emissions of Wan Hai Lines increased by 0.4%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Wan Hai Lines were 4,471,249.48 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Wan Hai Lines's Scope 1 emissions have decreased by 16.57%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Wan Hai Lines's Scope 1 emissions remained relatively stable, indicating that Wan Hai Lines's emissions have plateaued with no significant change in its operational footprint.a
In 2024, Wan Hai Lines reported Scope 2 greenhouse gas (GHG) emissions of 21,655.43 tCO₂e without specifying the calculation method.a
Since 2022, Wan Hai Lines's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 61.49%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Wan Hai Lines's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Wan Hai Lines's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Wan Hai Lines reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Wan Hai Lines reported 1,431,062.06 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 2024 disclosure of Wan Hai Lines includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Wan Hai Lines reported total Scope 3 emissions of 1,431,062.06 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Wan Hai Lines's Scope 3 emissions have decreased by 30.07%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Wan Hai Lines's Scope 3 emissions decreased by 28.13%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Wan Hai Lines reported Scope 1 greenhouse gas (GHG) emissions of 4,471,249.48 tCO₂e and total revenues of USD 4,939 millions. This translates into an emissions intensity of 905.3 tCO₂e per millions USD.a
In 2024, Wan Hai Lines reported a Scope 1 emissions intensity of 905.3 tCO₂e per millions USD. Compared to the peer group median of 511.39, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Wan Hai Lines ranked 20 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Wan Hai Lines is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Wan Hai Lines reported a total carbon footprint of 5,923,966.97 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.38% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Wan Hai Lines's total carbon footprint was Scope 1 emissions, accounting for 75.48% of the company's total carbon footprint, followed by Scope 3 emissions at 24.16%.a