SUSTAINABLE DEVELOPMENT

Becoming an excellent transportation group is the mission and vision of Yang Ming. The definition of Excellence is not just to create quality shipping services to meet customer needs or economic values for shareholders, but also take the key topics of stakeholders’concern into consideration, so as to facilitate the sustainable development of the society and the environment on the planet.

Corresponding SDGs

  • 4
  • 8
  • 12
  • 13
  • 16
  • 17

Short-term Sustainability Goals

  • Continue to participate in the Taiwan Enterprise Sustainability Award. 
  • Optimize the Chinese and English versions of the Corporate ESG website. 
  • Implement policies for diverse board members. 
  • Maintain the rights and interests of shareholders and enhance information transparency. 
    • Hold at least one investor conference per quarter. 
    • Answer the DJSI questionnaire and continue to complete TCFD and CDP climate change questionnaires. 
  • Execute internal control system optimization projects. 
  • Develop two quantification models, namely a long-term corporate cash management model and a proper risk-adjusted internal rate of return. 
  • Conduct audits based on project type and perform internal audits at overseas locations. 
  • Have the contract management system go live. 
  • Strengthen employees’ awareness of legal compliance and risk control as well as ethical operation management mechanisms. 
    • Create case studies on internal punishment and communicate the case studies once a year. 
    • Ingrain ethical management in employees through relevant education and training every year, achieve the target participation rate of 93% and the target pass rate of 93% with 0.5 course hours, and offer education and training in English to employees at overseas locations and onboard employees. 
    • Propagate the Group’s whistleblowing channels and whistleblower protection measures. 
    • Join the Maritime Anti-Corruption Network (MACN). 
    • Introduce the ISO37001 anti-bribery management system certification. 
    • Communicate the importance of legal compliance every quarter and organize at least 3 education and training sessions in the year. 
    • Create a mechanism for the avoidance of conflicts of interest in the Group. 
    • Encourage employees to obtain international internal audit certificates or CPA licenses. We expect to have one employee that will acquire a CPA license in 2023. 
  • Promote the Procurement Portal and enhance the functions of the portal.  
  • Optimize the sustainable management mechanism for suppliers on an ongoing basis, conduct a sustainability risk assessment for tier 1 key suppliers and implement due diligence and evaluation systems to deepen engagement. 
    • Carry out written reviews for over 50 tier 1 key suppliers and on-site reviews for 5 tier 1 key suppliers. 
  • Require suppliers identified as having high risk to make improvements, follow-ups, and replacements. 

Mid-/Long-term Goals

  • Increase the Company to top 5% of the corporate governance evaluation. 
  • Enhance ethical operation management mechanisms and improve information transparency and awareness. 
  • Have auditors obtain professional licenses. 
  • Continue to optimize the sustainable management mechanism  for suppliers. 
  • Maintain zero violations of bribery laws or property losses due to corruption involvement in lawsuits. 

ENVIRONMENTAL PROTECTION

Yang Ming always pays much attention to environmental protection. In addition to efficient use of natural resources, preventing pollution and protecting the ocean environment, we actively comply with international conventions and environmental laws/regulations. We make our best to contribute to the environmental protection following the most advanced standards. 

ENVIRONMENTAL PROTECTION

NOx Tier II compliance

Adopt main engine with electrical control which meet NOx Tier II compliance and Low-Load tuning EGB mode

ES Rudder and Rudder bulb

All new ES rudder with full spade twisted design can reduce the risk of cavitation and corrosion on rudder surface. It provides better rudder effect and operational efficiency than half-balance rudder. ES rudder bulb design made stream homogeneously and anti-resistance, improve the propulsion efficiency.

Less ballast water design

By using the latest UV type Ballast Water Treatment Equipment to eliminate the reproductive ability of microorganisms in ballast water, and avoid ecological impact of different regions by foreign species

Adopt latest anti-resistance and pollution mode

The use of Tin free SPC is in response to growing international concern over the harmful effects upon organism when Tin is used as anti-foulant on ship's hulls. 

Best hull shape design

Optimized hydrodynamic performances for hull design, adopts the advanced Propeller design and Sea Sword Bow design to reduce resistance, improve propulsion efficiency and provide same ship speed in less power, it means fuel consumption and pollutant emission decreased, and comply with IMO EEDI standards before 2025. 
ENVIRONMENTAL PROTECTION

NOx Tier II compliance

Adopt main engine with electrical control which meet NOx Tier II compliance and Low-Load tuning EGB mode

ES Rudder and Rudder bulb

All new ES rudder with full spade twisted design can reduce the risk of cavitation and corrosion on rudder surface. It provides better rudder effect and operational efficiency than half-balance rudder. ES rudder bulb design made stream homogeneously and anti-resistance, improve the propulsion efficiency.

Less ballast water design

By using the latest UV type Ballast Water Treatment Equipment to eliminate the reproductive ability of microorganisms in ballast water, and avoid ecological impact of different regions by foreign species

Adopt latest anti-resistance and pollution mode

The use of Tin free SPC is in response to growing international concern over the harmful effects upon organism when Tin is used as anti-foulant on ship's hulls. 

Best hull shape design

Optimized hydrodynamic performances for hull design, adopts the advanced Propeller design and Sea Sword Bow design to reduce resistance, improve propulsion efficiency and provide same ship speed in less power, it means fuel consumption and pollutant emission decreased, and comply with IMO EEDI standards before 2025. 

EMPLOYEES AND COMMUNITY

25617 people

Community Care and Charity

12 million

Humanitarian and charitable

5 million

Sponsorship of sports events, promotion of local cultural activities

35 million

Industry-academia collaboration and teaching equipment donation

1.1 million

Employee Volunteers

16689 thousand

Employee Benefits

5320 thousand

Group Epidemic Insurance amount

20 %

allowance of Employees Savings Trust

Corporate Commitment

Corporate Commitment

We firmly believe employees are our most valuable assets. Only with excellent employees can Yang Ming makes progress.

Human Rights Care

Human Rights Care

Yang Ming continues to incorporate topics relevant to human rights protection into its corporate policies and publicly declares its commitment to upholding human rights.

Employee Care and Community Inclusion

Employee Care and Community Inclusion

Respects workplace diversity and abides by the short-/mid-/long-term plans of the Company, attracting more brilliant talents join us.

Occupational Health and Safety

Occupational Health and Safety

Yang Ming stipulated its occupational health and safety (OHS) policy in alignment with the occupational safety laws and regulations in force and the requirements of health and safety management system, aims to bring about occupational safety and promote physical.

Employee Compensation and Benefits

Employee Compensation and Benefits

The overall compensation at the Company adheres to the spirit of equal pay, with no gender discrimination in the basic salaries of entry level employees.

Smooth Communication Channels

Smooth Communication Channels

The Chairman Mailbox is set up at the Company for the top management of the Company to listen to the voices and suggestions from the employees.

Community Service and Inclusion

Community Service and Inclusion

Keep moving forward during the adjustment, continue to invest in corporate resources, and move towards a new track in the future.

Sustainable Recognition

FTSE4Good TIP Taiwan ESG Index
MSCI AC Asia Pacific Index
TWSE Corporate Governance 100 Index 
Stock Performance of Taiwan High Compensation 100 Index
FTSE TWSE Taiwan 50 Index

Sustainable Recognition

Outstanding Enterprise Category First Prize

Yang Ming Marine Transport Corp. was awarded the First Prize in the “Outstanding Enterprise” category of the 19th National Brand Yushan Award at the ceremony on October 19. Winning this prestigious award is such an honor for Yang Ming as the first-time contender, and the recognition of its solid operational performance and longterm ESG efforts.

Outstanding Enterprise Category First Prize

15th Taiwan Corporate Sustainability Awards (TCSA)

At the award ceremony of “The 15th Taiwan Corporate Sustainability Awards (TCSA)” held by the Taiwan Academy of Corporate Sustainability (TACS) on November 16, the second-time contestant Yang Ming was selected from over 400 companies to garner the “Sustainability Model Award” and the “Corporate Sustainability Report Awards/Transportation— Gold”

15th Taiwan Corporate Sustainability Awards (TCSA)

18th National Sustainable Development Awards

Yang Ming Marine Transport Corporation (Yang Ming) was conferred the Corporate Sustainability Award at the 18th National Sustainable Development Awards Ceremony organized by the Executive Yuan’s National Council for Sustainable Development on December 14.

18th National Sustainable Development Awards

LATEST NEWS

2023
Sep.16

Yang Ming Employees Around the Globe Join Forces for International Coastal Cleanup Day

In response to International Coastal Cleanup Day, Yang Ming Marine Transport Corporation (Yang Ming) mobilized employees from its global offices to participate in beach and river cleanup activities.

Yang Ming Employees Around the Globe Join Forces for International Coastal Cleanup Day
2023
Oct.20

Yang Ming Marine Culture Foundation presents a new picture book on ocean conservation in collaboration with six major museums to deepen the concepts of marine ecological protection and sustainable development

In order to enhance public awareness and action on marine ecological conservation, Yang Ming Marine Culture Foundation has partnered with the Bureau of Environmental Protection, Keelung City for three consecutive years to organize a themed picture book competition centered around "Ocean Friendly."

Yang Ming Marine Culture Foundation presents a new picture book on ocean conservation in collaboration with six major museums to deepen the concepts of marine ecological protection and sustainable development
2023
Apr.21

Yang Ming Celebrates Earth Day with Events Promoting Sustainability

Over the years, Yang Ming has been an enthusiastic advocate for environmental sustainability and staying informed on key issues

Yang Ming Celebrates Earth Day with Events Promoting Sustainability
2022
Dec.21

Yang Ming's Charitable Flea-Market Sales Met by Enthusiastic Crowds

On December 21, 2022, Yang Ming held its time-honored fleamarket sales that saw an array of goods donated by employees who volunteered in the event

Yang Ming's Charitable Flea-Market Sales Met by Enthusiastic Crowds
2022
Dec.14

Yang Ming Marine Transport Corporation Receives the Corporate Sustainability Award at the 18th National Sustainable Development Awards Ceremony

Yang Ming Marine Transport Corporation (Yang Ming) was conferred the Corporate Sustainability Award at the 18th National Sustainable Development Awards Ceremony organized by the Executive Yuan’s National Council for Sustainable Development on December 14.

Yang Ming Marine Transport Corporation Receives the Corporate Sustainability Award at the 18th National Sustainable Development Awards Ceremony
2022
Nov.16

Yang Ming Wins Two Categories at the 15thTaiwan Corporate Sustainability Awards (TCSA)

At the award ceremony of “The 15th Taiwan Corporate Sustainability Awards (TCSA)” held by the Taiwan Academy of Corporate Sustainability (TACS) on November 16, the second-time contestant Yang Ming was selected from over 400 companies to garner the “Sustainability Model Award” and the “Corporate Sustainability Report Awards/Transportation— Gold” under the “Sustainability Comprehensive Performance” and “Corporate Sustainability Report” categories.

Yang Ming Wins Two Categories at the 15thTaiwan Corporate Sustainability Awards (TCSA)
2022
Oct.20

Yang Ming Awarded by 19th National Brand Yushan Award for Outstanding Enterprise Category First Prize

Yang Ming Marine Transport Corp. was awarded the First Prize in the “Outstanding Enterprise” category of the 19th National Brand Yushan Award at the ceremony on October 19.

Yang Ming Awarded by 19th National Brand Yushan Award for Outstanding Enterprise Category First Prize
2022
Jun.08

Yang Ming and Azure Alliance Partnership in Ocean Cleanup on “World Oceans Day”

Driven by a strong sense of commitment to protecting the ocean, Yang Ming is in fulfilling its corporate social responsibility apart from employing proactive management and preventive measures to achieve this end.

Yang Ming and Azure Alliance Partnership in Ocean Cleanup on “World Oceans Day”
2022
Jun.07

Yang Ming Conferred the 2021 Blue Circle Awards by the Vancouver Fraser Port Authority

Yang Ming Marine Transport Corp. (Yang Ming) for the sixth time earned recognition from VFPA (The Vancouver Fraser Port Authority) and was conferred the “2021 Blue Circle Awards.” The award ceremony was held on May 31, 2022 in Vancouver, and President Cloud Lu of Yang Ming Shipping (Canada) Ltd. attended the event to receive the award.

Yang Ming Conferred the 2021 Blue Circle Awards by the Vancouver Fraser Port Authority
2022
May.26

Yang Ming Joins The Silk Alliance Paving the Pathway to Maritime Decarbonisation

To navigate the challenge of net-zero carbon emissions, Yang Ming Marine Transport Corp. (Yang Ming) has joined The Silk Alliance to develop and formulate potential measures for vessel decarbonisation among members of maritime supply chain.

Yang Ming Joins The Silk Alliance   Paving the Pathway to Maritime Decarbonisation
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