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UN Global Compact


UN Global Compact Alignment

Yang Ming's Current Alignment with the "UN Global Compact"
 
  UN Global Compact  Yang Ming’s Current Practice and Future Planning
Human Rights 1. Support and respect internationally recognized declarations of human rights protection The Company supports and complies with internationally-acknowledged human rights norms and principles including the “International Bill of Human Rights,” “UN Global Compact,” and “International Labour Organization Fundamental Conventions and Standards” which cover but are not limited to protecting the rights and interests of workers. We have also developed a human rights policy according to the guidelines of the aforesaid documents. Each of the Company’s ships operates in compliance with the Maritime Labour Convention (MLC) and has been certified for compliance with the MLC.
2. Ensure non-involvement in human rights violations The Company’s operating locations are distributed all over the world. When it comes to human rights, we respect and protect all internationally acknowledged human rights and never engage in any activities that neglect and involve human rights violations to ensure thorough protection of internationally acknowledged human rights. Internal rules and regulations have been established. For violations of laws and regulations or the Company’s internal regulations, punishments are given according to relevant punishment policies.
Labor  3. Uphold freedom of assembly and explicitly acknowledge the right of collective bargaining To protect employees' assembly rights, all seafarers can freely join the National Chinese Seamen's Union (NCSU). Yang Ming Marine Union has been established for over 26 years. The Company's employees can join or withdraw according to personal will. The number of union members totals 1,160, accounting for approximately 75% of the Company's onshore employees and Taiwanese seafarers. The Company currently has harmonious labor-management relations and does not enter into a collective bargaining agreement. In addition, to ensure smooth labor management communication channels, a labor-management meeting is held regularly in the year in order to cement labor-management relations and protect the rights and interests of workers. Moreover, we also make sure our employees have the freedom of association. They can join and participate in any clubs and activities they wish to.
4. Eliminate all forms of forced and compulsory labor The Company always protects internationally-recognized labor rights in all operating premises, respects workers’ freedom and prohibits any form of forced labor. We have also established a seafarer's job description to specify their job duties.
5. Clearly prohibit child labor  The Company prohibits the employment of child labor in accordance with labor laws and regulations. We exclude child labor when recruiting employees. Currently, there are no children employed by the Company.
6. Eliminate discrimination related to employment and occupation The company eliminates discriminatory practices in employment. The company employs female seafarers, with equal starting salaries for male and female employees. In 2024, onshore female employees increased by 0.46% compared to 2023, and onshore female managers increased by 3.15% compared to 2023. Male employees can also apply for unpaid parental leave. Through the "Maternal Health Protection at Work Program," the Company actively promotes relevant care activities and offers the employees excellent breastfeeding rooms to protect maternal health.
Environment  7. Support taking preventive action against environmental challenges The Company has implemented our Ship Energy Efficiency Management Plan (SEEMP) aligned with international regulations and Carbon Intensity Indicator (CII) to constantly monitor ship energy efficiency. We retrofit the ships to increase their energy efficiency and reduce environmental impact, including energy saving devices, ballast water treatment systems. We also continuously assess the feasibility of adopting alternative fuels for future newbuilding ships. In 2023, 5 ships of 15,500 TEU LNG dual-fuel container vessels were built, expected to join the fleet successively from 2026.
8. Support initiatives to strengthen environmental responsibility
  • Based on the TCFD framework, the Company has included climate change in the assessment scope of the Group’s risk assessment reports and organized the climate change-related risks and opportunities that the Group has identified in the assessment reports as a reference for the Company’s medium-to-long term strategies.
  • We participated in the The Silk Alliance, the Getting to Zero Coalition, and the Society for Gas as a Marine Fuel (SGMF) to develop and promote vessel decarbonization strategies.
9. Encourage the development and promotion of environmentally friendly technology
  • The Yang Ming Smart Ship Center System has been developed to monitor vessel performance and hull efficiency. The CII and related rating calculations have been included in the Smart Ship Center – Green Shipping Module.
  • Digitalization has been promoted to cut paper use. It is estimated that about 1.4 tons of carbon emissions and 0.0002 tons of toner can be reduced and saved by exchanging bills of lading with customers.
Anti-Corruption  10. Firmly oppose any form of corruption, including extortion and bribery
  • The company has established the "Codes of Ethical Conduct," " Ethical Corporate Management Best Practice Principles," and "Procedures for Ethical Management and Guidelines for Conduct " and other internal regulations to regulate any form of corruptive behavior.
  • In accordance with the " Regulations Governing the Audit Committee's Handling of Stakeholder Suggestions and Complaints " and "The Procedures of whistleblowing cases for Yang Ming Group Members", a stakeholder suggestion and complaint systems and whistleblowing systems have been developed to maintain the corporate culture of the Company's integrity management philosophy.


UN Global Compact – Sustainable Ocean Principles Alignment

Yang Ming's Current Alignment with the "UN Global Compact - Sustainable Ocean Principles"
 
  Sustainable Ocean Principle  Yang Ming’s Current Practice and Future Planning 
Ocean Health and Productivity 1. Assessment of short-term and long-term impacts of corporate activities on ocean health, and integration of these impacts into corporate strategies and policies.
  • "Care for the environment and treasure the Earth" is the environmental policy of Yang Ming.
  • The Company operates international shipping services, maintaining the marine environment, making good use of resources, preventing pollution, and giving back to society are the Company’s main responsibilities. We comply with relevant laws and regulations of each port state, and preemptively take actions to ensure the fleet meets regulatory requirements to reduce impacts on local marine environments.
2. Consider sustainable business activity opportunities that contribute to the restoration, protection and maintenance of ocean health, productivity, and marine life. Through the Company's "Supplier Code of Conduct," requiring supply chain partners to jointly comply with this commitment and related biodiversity protection regulations, avoiding damage to protected forests, oceans, and species. The Company also commits to comply with the "United for Wildlife Transport Taskforce - Buckingham Palace Declaration on the Illegal Wildlife Trade," avoiding purchasing goods from suppliers that cause biodiversity loss or violate environmental regulations.
3. Take action to avoid marine pollution, reduce greenhouse gas emissions from operations to prevent ocean warming and acidification, and promote circular economy. The Company has calculated the carbon intensity of the ships in our fleet since 2008, with 37.03 g/TEU-km in 2024. A new fleet must meet the following requirements:
  • New, tin-free antifouling paints are used to avoid affecting the genes of marine life, causing genetic mutations, and impacting the ecology.
  • All ships in the fleet have ballast water management certificates and implement ballast water management plans in compliance with the regional regulations of port states. For existing ships, ballast water treatment systems are installed on an annual basis to control and mitigate the impact on marine ecology.
  • A ship biofouling management proposal has been made to ensure the effectiveness of the general biofouling management plan of our fleet and significantly reduce delayed ship operations.
4. Develop and manage plans for the use and impact of marine resources to ensure long-term sustainability of the ocean. Assess the impact of operating activities on the ocean as well as coastal areas and communities using precise measurement methods. Accurately calculate carbon intensity to measure continuous carbon reduction performance, with each ship obtaining Environmental Ship Index (ESI) efficiency indicator scores. ESI is for ports to promote ship emission reduction, measuring carbon emissions of docked ships. As long as carriers promote engine, fuel, and other emission reduction technology upgrades, making ship carbon emissions lower than International Maritime Organization (IMO) regulations, they can receive incentives. The Company obtained North American terminal incentives of USD 260,450 in 2024, demonstrating substantial recognition from docking ports for the Company's commitment to ship emission reduction.
Governance and Engagement  5. Responsibly communicate with enforcement agencies and regulatory organizations related to ocean-related laws/regulations/frameworks Yang Ming actively cooperate with national policies, the European Union, International Maritime Organization (IMO) 2050 net-zero carbon emission targets, and IMO carbon intensity target of 40% reduction by 2030. The Company's current carbon intensity has decreased by 62.74% compared to 2008, with performance already exceeding IMO requirements, and continues to monitor revisions and promulgation of ocean-related laws. Yang Ming shall keep tabs on issues related to internal and external communications in the future.
6. Follow and support standard setting, and implement best practices promoted by relevant organizations/markets to create healthy and productive oceans and ensure marine life.
  • Yang Ming strictly complies with the International Convention for the Prevention of Pollution from Ships and the International Convention for the Control and Management of Ships' Ballast Water and Sediments. The management of ship waste, ship sewage and ballast water are conducted. ▪Yang Ming Marine Academy aims to lead children to understand corporate measures for marine environmental protection. Since 2022, it has cooperated with "Carrefour Foundation" and "First Commercial Bank Green Financial Education Center," expanding nationwide. Through activity-based courses, the volunteers of the YM Oceanic Culture & Art Museum, introduced children to route planning and the environmental protection measures for ballast water related to boarding, sailing, and unloading of cargo. This has expanded children’s understanding that marine environmental protection is not only about marine waste and marine life conservation, but also corporate ESG trends in environmental protection and marine education.
  • The Company upholds the original intention of giving back to the ocean, responding to United Nations Sustainable Development Goal SDG 14: Life Below Water, and has called on colleagues at home and abroad to jointly respond to environmental sustainability actions for consecutive years. In 2024, beach cleanup activities were held at 12 global operational locations, with a total of 461 participants successfully cleaning 2.354 tons of marine waste.
  • Partnered with The Society of Wilderness to conduct invasive species removal activities at Wugu Wetland, New Taipei City, and Yuanzhonggang Wetland, Kaohsiung, with 101 colleagues and family members participating, successfully removing 92 kilograms of Mikania micrantha and 200 Leucaena leucocephala plants
7. Respect human, labor, and indigenous rights in corporate ocean-related activities, including implementing proper supply chain due diligence and consulting stakeholders and related communities on identified significant impacts through timely, transparent, and inclusive attitudes.
  • Yang Ming has a human rights policy in place, committed to upholding internationally proclaimed human rights in which we operate without any unfair treatment arising from ethnicity or gender, caring for the underprivileged, forbidding the use of child labor as well as eliminating all forms of forced labor and discrimination in recruitment and employment. The Company offers fair, reasonable work conditions and a safe work environment and protects the physical and mental health of employees, dedicated to an ongoing elimination of hazard factors to health and safety so as to reduce risks of occupational hazards. By signing the Neptune Declaration, the Company ensures the seafarers’ well-being and crew change, maintaining the smooth operation of the supply chains worldwide.
  • The supply chain risk investigation conducted by the Company includes Human Rights Due Diligence.
Data and Transparency  8. Provide appropriate and relevant scientific data to support ocean-related research and exploration projects. Yang Ming obtained an invention patent for the "Method for Predicting Fuel Consumption of Ship" (I792418) in collaboration with National Cheng Kung University.
9. Adopt transparent reporting on ocean-related activities, impacts, and dependencies.
  • The Company engages with stakeholders through annual sustainability report publication, and continues to communicate with various Competent Authorities during operations to ensure operational compliance.
  • The Company continuously complete greenhouse gas inventory and disclose related inventory results as the basis for sustainable environmental management and carbon reduction actions.
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