Yang Ming's Human Rights Policy

Human Rights Policy and Declaration

Yang Ming has operated worldwide for a long time and has been dedicated to respecting and maintaining internationally acknowledged human rights and ensuring the compliance of business activities with local laws and regulations as well as international standards, thereby providing a fair and equal working environment and making sure that the rights and interests of our employees and partners are respected and protected. 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. The Company has formulated its Human Rights Policy with reference to international human rights conventions including the International Bill of Human Rights, the United Nations Global Compact, and the International Labour Organization's core conventions. The Company has also established internal regulations, and for violations of laws and internal regulations, disciplinary measures are implemented through relevant punishment procedures.

The Company commits to complying with internationally recognized labor rights in all operational locations, ensuring no unequal treatment based on race or gender, freedom of association, collective bargaining rights, respect for privacy, care for vulnerable groups, prohibition of child labor, prohibition of harassment, prohibition of forced labor, etc., and is committed to eliminating all forms of forced labor and discrimination in employment. The Company offers reasonable working conditions, maintains the physical and mental health of its employees, endeavors to reduce factors hazardous to safety and health, and ensures thorough protection of the personal privacy of all customers, employees and stakeholders, fulfilling human rights protection responsibilities. 

Human Rights Education and Training

The Company's education, training, and communication activities on the Human Rights Policy aim to raise employees' awareness of human rights protection. The Company organized a 0.5-hour online course for all onshore employees in 2025, and 1,547 employees completed the course, achieving 100% test pass rate. This mandatory course will continue to be promoted through YM e-Learning website and periodic emails continuously, and the concept of human rights will be emphasized as well with case studies or policy statements / explanations published on YM official website / intranet for easy access to strengthen all employees' awareness.

Human Rights Due Diligence

The Company values human rights issues. Since 2023, the concept of Human Rights Due Diligence (HRDD) has been introduced to preliminarily identify potential human rights issues within the scope of operations by analyzing international human rights trends, interviewing internal executives, and reviewing labor-related documents. To continuously deepen the breadth and depth of human rights management, the Company completed HRDD for employees within its own operational scope (including onshore employees and seafarers) in 2024, then expanded the HRDD scope to suppliers and subsidiaries in 2025.

Human Rights Risk Issue Identification Process 

Identifying and Focusing on Human Rights Issues Gathering and organizing relevant regulations such as international human rights conventions, GRI, and the Social and Human Capital Protocol, as well as the Company's historical due diligence data and publicly available records of violations involving due diligence subjects, to identify and focus on human rights issues related to the Company's own operations, suppliers, and subsidiaries.
Measuring and Verifying Human Rights Risks Risks are measured and verified through the following methods based on the due diligence subjects:
  1. Company Employees:
    • Issued the "Employee Care Questionnaire" to 1,490 onshore employees and 968 seafarers in 2024, achieving an 88% response rate.
    • Collection and review of written documentation.
    • Focus group interviews with management and professional staff to understand employee voices and expectations.
    • Onsite inspections of offices, dormitories, container terminals, and vessels.
  2. Suppliers:
    • From the "Supplier Sustainability Self-Assessment Questionnaire (SAQ)", 31 suppliers with human rights risks in the "Social" dimension were screened as priority targets; considering company size and past violation records, the "Supplier Human Rights SAQ" was ultimately issued to 6 suppliers from different categories in 2025, with a 67% response rate.
    • Management and employee focus group interviews to understand the Company's practices and employee voices.
    • Onsite inspections of offices and working environments
  3. Subsidiaries:
    • Priority was given to 4 Taiwan subsidiaries with higher shareholding ratios; the "Subsidiary Human Rights SAQ" was issued in 2025 with a 100% response rate.
    • Management and employee focus group interviews.
    • Onsite inspections of offices and plant environments.
Analyzing the Impact of Human Rights Risks
  1. The Company:Conducts impact analysis based on verification results across two dimensions: Frequency (Likelihood) and Degree of Impact (Severity).
  2. Suppliers/Subsidiaries:Sorts and lists potential key human rights issues for each partner based on verification results.
Mitigating and Remedying Human Rights Risks
  1. The Company:Proposes mitigation and remediation measures for higher-risk issues to facilitate tracking and improvement.
  2. Suppliers/Subsidiaries:Proposes remediation and mitigation recommendations for identified key human rights issues.
Tracking and Communication Periodically tracks the results of mitigation measures and communicates with relevant stakeholders.

Human Rights Risk Identification Matrix

陽明海運_25ESG_EN_v5_111
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