Sustainability at Pan Ocean
- ESG Ratings
- Sustainability Management
- Environmental and Social Impacts Across the Business Value Chain
- Stakeholder Engagement
- Materiality Assessment
Pan Ocean provides maritime transportation services for a diverse range of cargo, including dry bulk commodities such as coal, iron ore, and grains, as well as fuel cargo like crude oil, refined petroleum products, and LNG, in addition to container cargo. In the course of its business value chain, the company both exerts and experiences significant impacts on the environment, society, and people. Particularly within the directly operated and managed maritime transport operations, the use of fossil fuels results in substantial GHG and air pollutant emissions, and waste generation, thereby posing considerable environmental impacts. Moreover, there are considerable human and social impacts regarding issues such as the safety of offshore employees and port workers and the company’s cooperative relationships with suppliers. Recognizing these business traits, Pan Ocean has identified critical environmental, social, and human-related issues as material topics, practicing sustainability management by minimizing negative impacts and maximizing positive contributions across the value chain.

Own Operations Impacts
Environment
- <Material Topic 1> Greenhouse gas (GHG) emissions: GHG emissions from the use of fossil fuels during maritime transportation
- Air pollutant emissions: Emissions of nitrogen oxides (NOx), sulfur oxides (SOx), and other air pollutants generated from fossil fuel combustion
- Domestic waste disposal: Disposal of general waste and sewage generated from daily operations on the vessel
- Cargo handling waste disposal: Dust and residue generated during the loading and discharging of cargo such as coal, iron ore, and grains
- Discharge of external organisms: Release of materials attached to the surface of the ship, such as barnacles and seaweed
- Ballast water discharge: Causing ecological disturbance and biodiversity loss by introducing invasive species through ballast water
- Vessel dismantling waste: Generation of hazardous substances while dismantling vessels
Social
- <Material Topic 2> Maritime safety: Safety incidents occurring during cargo loading, discharging, and vessel operations
- <Material Topic 4> Supply chain partnership and ESG management: Encouraging mutual growth with small and medium-sized suppliers and Promoting ESG management in the areas, including environment, human rights, and safety
- Human rights: Protection and respect for the human rights of port workers and offshore employees1
- Labor rights: Protection and respect for the labor rights of port workers and offshore employees
- Fair trade: Conducting fair trade with customers (shippers) and suppliers
- Local community: Management of the social impacts on local communities that are major business locations, such as port areas