ESG

ESG
MANAGEMENT

Pan Ocean will solidify its position as a global leading shipping and logistics company
by enhancing corporate and shareholder value based on transparent management.

ESG
Environmental

Environmental

Environmental Management

Pan Ocean Environmental Management

Operation Structure

The environmental management framework is aligned with the governance structure for climate change response. Further details can be found on page 18.

Policies and Guidelines
  • Environmental Policy
  • Environmental Management System (EMS) Manual
  • Garbage Management Manual
Strategies and Goals
Key Issue Strategy and Goal
Response to Climate Change
  • 2030 Carbon emissions reduction strategy implementation
  • 2050 Achievement of carbon neutrality
Marine Environment Protection and Biodiversity Conservation
  • Goal: 10% reduction of waste generated in vessels by 2025 compared to the 2018–2020 average
  • Strategy: Decrease adverse impacts on marine environment and biodiversity
Air Pollution Prevention
  • Goal: 12% reduction of SOx and NOx emissions by 2030 compared to 2021 levels
  • Strategy: Reduce air pollutant emissions from vessels
  • Detailed Implementation Plan:
    • Install SCR or EGR on newbuild vessels
    • Maintain NOx emissions from ship engines below 14.4 g/kWh
Environmental Management System

Pan Ocean and POS SM have maintained ISO 14001 Environmental Management System certification since first acquiring it in 2010. Both companies apply the Plan-Do-Check-Act (PDCA) cycle to systematically address the companies’ environmental impacts. In particular, Pan Ocean Maritime Environment Team has been raising efficiency and efficacy of environmental management through consistent environmental management framework involving the establishment of environmental goals, employee training, continuous monitoring, corrective actions for any issues, and regular management reviews.

Total Environment System (TES)

Pan Ocean has developed and operates the Total Environment System (TES), a smart environmental information management platform to respond to the growing demand for external ESG assessments and evaluations, enhancing the reliability and efficiency of environmental data collection. TES was established to address the expanding sustainability assessments and to meet the needs of environmental cost management. It is designed to facilitate consistent integration and reporting of data that are scattered across departments responsible for port operation, finance, accounting, vessel management, accounting, etc.

The key management elements covered by the system include environmental impacts due to GHG emissions and energy usage from vessels, headquarters, and indirect sources such as ship supplies, chartered vessel fuel, business travel, employee commuting, air pollutant emissions and waste generation; and environmentally friendly investment items such as sustainable procurement, investments in environmental facilities, and revenues from low-carbon vessels. Pan Ocean plans to continuously enhance TES as a foundation for proactively responding to evolving sustainability-related policies and guidelines, identifying improvement areas, and implementing appropriate action plans.