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UN Global Compact
| UN Global Compact | Yang Ming’s Current Practice and Future Planning |
| Human Rights | 1. Support and respect internationally-acknowledged 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 Labor Convention (MLC) and has been certified for compliance with the MLC. |
| 2. Ensure no involvement in human rights infringement | 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. Protect the freedom of assembly and explicitly acknowledge the right of collective bargaining | To protect the employees’ right to assembly, all seafarers are free to join the National Chinese Seamen’s Union (NCSU) as a member. The Yang Ming Marine Union has been established for more than 22 years, and our employees may join or withdraw from the union at their choosing. 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 every quarter in order to cement labor-management relations and protect the rights and interests of workers. Moreover, the Company protects the employees’ freedom of association, and they are free to sign up for various clubs and activities. |
| 4. Eliminate forced or compulsory labor in any form | 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 strictly forbids hiring child workers in accordance with labor laws and regulations. Job applications from children are not accepted during recruitment. There are no child workers employed by the Company. | |
| 6. Eliminate discrimination in employment and occupation | We strive to eradicate discrimination in employment by hiring female seafarers and paying the same starting salary for male and female employees. In 2022, the percentage of female managers grew by 7.14% compared to 2021. Male employees are also allowed to apply for unpaid parental leave. Through the “Maternal Health Protection Program at the Workplace,” the Company actively promotes relevant care activities and offers the employees excellent breastfeeding rooms to protect maternal health. |
| Environment | 7. Take preventive actions against environmental challenges | The Company has developed the Ship Energy Efficiency Management Plan (SEEMP) and Carbon Intensity Indicator (CII) and managed the energy efficiency of the ships by e.g., installing or retrofitting energy-efficient facilities, ballast water treatment systems and scrubbers. We continue to assess the feasibility of using alternative energy in newly built vessels in the future. In 2022, the Company planned to build 5 LNG dual-fuel container ships upon the consent of the Board of Directors. |
| 8. Support initiatives to further fulfill environmental responsibilities |
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| 9. Encourage the development and promotion of environmentally friendly technologies |
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| Anti-Corruption | 10. Strongly against corruption, including extortion and bribery |
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UN Global Compact – Sustainable Ocean Principle
■ Yang Ming’s Current Alignment with the “UN Global Compact – Sustainable Ocean Principle”| Sustainable Ocean Principle | Yang Ming’s Current Practice and Future Planning |
| Ocean Health and Productivity | 1. Assess the short-term and long-term impacts of corporate activities on ocean health and integrate these impacts into corporate strategies and policies. | Care for our environment, cherish our Earth is the environmental policy of Yang Ming. As the Company operates international shipping services, maintaining the marine environment, making good use of resources, preventing pollution, and giving back to society are our primary responsibilities. We observe the laws and regulations of port states and preemptively take actions to ensure the compliance of our fleet with regulatory requirements and thereby reduce the impact on the local marine environment. For details, refer to CH3 Green and Sustainable Shipping - Operating Strategies for Environmental Sustainability. |
| 2. Consider opportunities for sustainable business activities that contribute to the restoration, protection and maintenance of ocean health, productivity, and marine life. | Yang Ming participates in and sponsors activities related to environmental protection, marine ecology, public welfare, and social growth include beach and harbor cleanups. We expect to promote a coral restoration movement on Taiwan’s Northern Coast in 2023. | |
| 3. Take action to prevent ocean pollution, reduce GHG emissions in the operations to stop ocean warming and acidification, and promote the circular economy. | We have calculated the carbon intensity of the vessels in our fleet since 2008. The carbon intensity was 40.21g/TEU*km in 2022. A new fleet must meet the following requirements:
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| 4. Make relevant plans and manage the use of and impact on ocean resources to ensure long-term sustainability. Assess the impact of operating activities on the ocean as well as coastal areas and communities using precise measurement methods. | The carbon intensity is calculated with precision for an ongoing measurement of emission reduction performance. Each vessel has an environmental ship index (ESI) efficiency score. The ESI is used by ports to measure the carbon emissions of docked vessels to facilitate the reduction of carbon emissions from vessels. As long as carriers promote the upgrading of carbon reduction technologies for engines, fuels, etc. and make the carbon emissions of their vessels lower than that specified by the IMO, they may receive incentives. The Company was granted USD 45,600 by northern American ports in 2022, showing the ports of call’s substantive recognition of the Company’s effort in reducing vessel carbon emissions. |
| Governance and Engagement | 5. Ensure responsible communications with law enforcement agencies and normative organizations related to ocean laws/regulations/framework | Yang Ming actively supports national policies, the EU’s net zero emissions by 2050, and the IMO’s goal to reduce carbon intensity by 70% in 2050. The Company’s current carbon intensity has been reduced by 59.54% compared to 2008, higher than the required 40% reduction by 2030. We also pay continuous attention to the amendment and promulgation of ocean laws and regulations. Yang Ming shall keep tabs on issues related to internal and external communications in the future. |
| 6. Observe and support standards, and promote best practices to facilitate healthy and productive oceans and protect marine life in related sectors/markets. |
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| 7. Respect human rights, labor rights, and the rights of indigenous peoples in the company’s ocean-related activities, including exercising appropriate due diligence in the supply chain and seeking opinions on identified significant impacts from relevant stakeholders and communities in a timely, transparent and inclusive manner. |
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| Data and Transparency | 8. Provide appropriate and relevant scientific data to support ocean-related research and exploration plans. | Yang Ming is working with National Taiwan Ocean University on ocean projects including research on ballast water and the selection of future fuels. We obtained an invention patent for the “Method Predicting Fuel Consumption of Ship” (I792418) in collaboration with National Cheng Kung University. |
| 9. Adopt transparent reporting of ocean-related activities, impacts and dependency. | Yang Ming publishes a sustainability report and conducts stakeholder engagement yearly and constantly communicates with competent authorities in conducting businesses in order to ensure the operational compliance of the Company. The ISO 14064 greenhouse gas inventory management has been introduced, with the relevant inventory results disclosed as the basis for sustainable environmental management and carbon reduction actions. |