GHG emission plays a critical role in climate change mitigation. In this respect, IMO has adopted strict regulations to address the issue and set the goals to cut global shipping carbon intensity by at least 40% by 2030 and 70% by 2050 when compared to 2008. To achieve the targets, Yang Ming has formulated several long-term strategies, including implementing 12 vessel modification and optimization projects, and accelerating the vessel renewal plan by eliminating vessels over 20 years of age and adding ten 2,800 TEU class, twenty 14,000 TEU and fourteen 11,000 TEU class echo-friendly smart vessels. In addition, Yang Ming has cooperated with weather service provider Weathernews Inc. (WNI) to build a monitoring system to manage fuel consumption and reduce GHG emission, and further evaluate the possibility of developing dual-fuel engine such as LNG or other engines that can perform with carbon-neutral alternative fuels.

As for sulphur oxide emission, Yang Ming ensured an early transition to use low sulfur fuel oil at Kaohsiung port and Shenzhen port in 2018. In the fourth quarter of 2019, Yang Ming’s fleet has switched to very low sulphur fuel oil (VLSFO) with sulphur content lower than 0.5% and reduced sulphur oxide emission by 80% compared to traditional heavy fuel oil. Furthermore, Yang Ming has actively participated in vessel speed reduction programs initiated by National Oceanic and Atmospheric Administration (NOAA) and Taiwan International Ports Corporation, Ltd. to well protect the marine ecology.

Facing climate change and global attention towards environmental protection, we actively promote energy conservation and pollution prevention in our various work areas on-ship and on-shore. We take specific measures to protect the environment, creating a deeply entwined and integrated relationship with the ocean.

Please review Yang Ming Corporate Social Responsibility (CSR) report for more details about Yang Ming’s environmental performance.

More information of Task Force on Climate-related Financial Disclosures (TCFD) , please refer to our CSR report.

Energy Efficiency Operational Indicators(EEOI)

Year	g/ton-km	g/ton-nm
2016	6.09	11.28
2017	6.12	11.33
2018	5.99	11.10
2019	5.72	10.60
2020	5.10	9.44
2021	4.93	9.13