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Yang Ming's mission and vision are to be an excellent transportation group dedicated to offering high-quality transportation services to meet customers' needs.
The Company has established the "Sustainable Development Best Practice Principles for Yang Ming Marine Transport Corporation," taking into consideration the characteristics of the shipping industry and having regard to the "Sustainable Development Best Practice Principles for TWSE/TPEx Listed Companies." The Principles are for the management and all employees to follow. In addition to managing the risks and impacts of the overall operating activities on the economy, governance, environment, and society, we take being a corporate citizen as our responsibility
In 2021, the Company formed the Sustainable Operation Strategy Team to promote sustainable development strategies. The team is chaired by the Chairman. Under the team are the Customer Service Division, Environmental Sustainability Division, Corporate Governance and Integrity Division, and Employee Care and Social Commitment Division. Through these interdepartmental meetings, the Company may focus on discussing the sustainability goals with the most significant impact on container transport processes and services and aligning them with the Sustainable Development Goals of the United Nations (UN SDGs).
In accordance with the "Regulations Governing Establishment of internal audits Systems by Public Companies," Yang Ming has incorporated sustainability information management into the Company's internal control system. Each responsible unit prepares and updates the annual sustainability report, which is coordinated by the Public Affairs Department and submitted to the Board of Directors for discussion and resolution before release.
STRUCTURE OF SUSTAINABLE OPERATION STRATEGY TEAM
Sustainable Operation Strategy Team's Strategies
| Sustainable Operation Strategy Team |
Sustainability Strategy |
| Corporate Governance and Integrity Division |
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| Customer Service Division |
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| Environmental Sustainability Division |
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| Employee Care and Social Commitment Division |
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Senior Management Compensation Indicators
The Company has established a "Sustainable Operation Strategy Team" chaired by the Chairman, responsible for supervising the overall promotion of corporate sustainable development. The President and Company’s managers follow sustainable development-related policies to supervise their units in implementing various business plans and action programs.
ESG initiatives have been incorporated into performance management metrics, covering issues such as corporate governance, climate change management, and employee benefits. The evaluation results are linked to salary adjustments and performance bonuses to strengthen executives' commitment to ESG issues, implement the corporate sustainability vision, and achieve sustainability goals. In 2025, the "ESG Performance Indicators" has a weight of 10% for the President. For the Cpmpany's managers, depending on their positions and the scope of their responsibilities, the weight of the "ESG Performance Indicators" ranges between 2% and 15%, with evaluation items including the control of total annual fuel consumption, paired with the use of biofuels and shore power.
In accordance with its operational strategy and sustainability goals, the company has established Key Performance Indicators (KPIs) across all departments covering environmental (E), social (S), and governance (G) dimensions. These indicators include, but are not limited to, carbon reduction management, occupational safety, legal compliance, and operational efficiency. They are further cascaded down to individual performance goals and linked to performance evaluations and the reward system, thereby enhancing employee engagement in organizational goals and boosting overall operational performance.
| ESG Performance Indicators | Weight | Description | |
| Presidnet | Mid/Long Term Sustainable Development Strategies Adjustment | 2% | To supervise/evaluate Company's managers execute the goal set by “Sustainable Operation Strategy Team”. For more details on business plans, please refer to the “Company's managers” section below. |
| Corporate Governance Enhancement | 1% | ||
| Environmental Sustainability | 5% | ||
| Employee Care and Social Commitment | 2% | ||
| Company's Managers | Corporate Governance | 2%-10% | The detail of Corporate Governance Enhancement includes:
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| Environmental Sustainability | 2%-15% | The detail of Environmental Sustainability includes:
|
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| Employee Care and Social Commitment | 2%-5% | The detail of Employee Care and Social Commitment includes:
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2025 Sustainable Operation Strategy Team Achievements
- At the 401st Board of Directors meeting held on March 12, 2025, the Company reported on the establishment of its short-, medium-, and long-term sustainability targets.
- At the 403rd Board of Directors meeting held on May 13, 2025, the Company submitted its 2024 Sustainability Report for review and approval, outlining the following contents:
- Implementation results of the 2024 sustainability targets and the formulation of the 2025 sustainability targets.
- Material issue identification, key stakeholder identification, and stakeholder communication, including communication channels, response methods, and frequency.
- Disclosure of the Company’s governance of climate-related risks and opportunities in a dedicated chapter in accordance with the Task Force on Climate-related Financial Disclosures (TCFD) framework.
- Identification and assessment of nature-related risks and opportunities with reference to the framework and principles of the Taskforce on Nature-related Financial Disclosures (TNFD), to enhance understanding of the Company’s dependencies and impacts on natural capital and develop corresponding strategies.
- Implementation status of the Company’s sustainable supply chain management.
- The Company’s environmental management performance.
- Results of human rights due diligence conducted in phases in 2024 in accordance with the GRI Standards’ requirements for disclosures on human rights issues.
Board of Directors' Suggestions for Supervision
- In response to global sustainable development trends, the directors recommended that the Company establish a Sustainability Office and rename the Risk Management Committee as the Sustainability and Risk Management Committee to strengthen its sustainability governance structure, enhance sustainability management effectiveness, and bolster its overall capacity to advance sustainability initiatives.
- Regarding emission reduction strategies and carbon management, continued growth in the fleet and cargo volumes will lead to an increase in total emissions. If external assessments primarily use absolute emission reductions as the evaluation criterion, the Company should assess the potential risks and corresponding response measures. In addition, although Taiwan has not yet implemented a mandatory carbon trading system, the Company may consider the appropriate use of third-party carbon offset credits as one of its future carbon emissions management tools, given the potential increase in total emissions resulting from fleet expansion.
SUSTAINABLE DEVELOPMENT GOALS AND IMPLEMENTATION OVERVIEW
Yang Ming’s mission and vision are to be an excellent transportation group dedicated to offering high-quality transportation services to meet customers’ needs. However, excellence is not only about this, but also about giving consideration to the issues all stakeholders are concerned about and facilitating the sustainable development of society and the Earth’s environment.
Strengthening corporate governance and integrity management
- Strengthening corporate governance and integrity management
- Providing Excellent Transportation Services to Fulfill Customer Service Commitments
- Energy saving and emissions reduction to achieve environmental sustainability
- Employee care and talent cultivation
- Enhance social participation to give back to society
Corresponding SDGs
Sustainable Operation Strategy Team
Corporate Governance and Integrity Division
Short-term Goals
- Promote board member diversity policy, with female directors comprising one third of seats, independent directors comprising no less than one-third, and directors possessing industry experience, risk management, or information security backgrounds.
- Study the establishment of a board-level sustainability development committee with no fewer than 3 members, whose qualifications should include professional knowledge and capabilities in corporate sustainability, with at least 1 director participating in supervision, and disclose its composition, responsibilities, and operations.
- Hold at least one investor conference quarterly and announce the audio-visual link information for investor conferences.
- Complete IFRS implementation according to the Taiwan Stock Exchange regulatory timeline.
- Assess the applicability of CSDDD and study CSRD reporting framework.
- Formulate specific measures to enhance corporate value, report to the Board of Directors, and disclose relevant information in the "Corporate Value Enhancement Plan" section of the Market Observation Post System.
- Upload English-disclosed annual financial reports 18 days before the annual shareholders' meeting.
- Incorporate ESG-related performance evaluation items into the payment principles and calculation methods for compensation of the President, Vice President, and the chief officers of groups, with a proportion of 10%.
- Implement personal data protection policies and disclose their content and implementation status.
- Establish relevant customer rights protection policies and complaint procedures for service marketing or labeling issues.
- Add sustainability internal control documents in accordance with IFRS Sustainability Disclosure Standards requirements.
- Continue to include privacy protection in internal audit items.
- Continue to strengthen ship-shore information security operations, with no major information security incidents causing core business interruption or sensitive data leakage.
- Enhance information security awareness training (at least 2 educational training sessions, at least 3 social engineering exercises).
- Complete ISO 27001 upgrade from 2013 version to 2022 version.
- Zero violations of integrity management and corruption, conflict of interest incidents.
- Conduct ISO 37001 annual due diligence.
- Maintain the validity of ISO 37001 anti-bribery management certification.
- Deepen employees' integrity management awareness through educational training, with participation rate and pass rate target of 98%.
- Conduct integrity management educational training for onboard maritime personnel with participation rate and pass rate target of 90%.
- Conduct 3 compliance educational training sessions, with participation rate and pass rate target of 98%.
- Enhance personnel's legal awareness through 1 educational training session with participation rate and pass rate target of 98%.
- Zero violations of insider trading incidents.
- Conduct internal material information and insider trading prevention educational training, with participation rate and pass rate target of 98%.
- Optimize group risk assessment policies and content.
- With reference to relevant laws and policies, continuously optimize and adjust risk management policies and incorporate emerging risks into risk assessment items.
- Key tier-1 supplier sustainability self-assessment questionnaire review ratio reaches 90%, maintaining 100% of new suppliers complete a sustainability statement survey.
- Enhance supplier sustainability awareness through at least 1 educational training/ activity.
- Launch supply chain human rights due diligence, complete document review of 3 companies and conduct on-site inspection of 1 supplier.
Medium-term Goals
- Corporate governance evaluation ranking maintained at 6-20%.
- Implement board member diversity policy, with female directors comprising one-third of seats.
- Directors possess industry experience, risk management, and information security backgrounds.
- Maintain the rights and interests of shareholders and enhance information transparency.
- Maintain the effectiveness of the internal control system
- Implement information security management.
- Strengthen employees' awareness of legal compliance and risk control, and ethical operation management mechanisms.
- Implement supplier sustainability management mechanisms and establish elimination mechanisms.
Long-term Goals
- Corporate governance evaluation ranking improved to top 5%.
- Strengthen integrity management mechanisms, enhance information transparency and awareness.
- Corporate governance evaluation ranking improved to top 5%.
- Strengthen integrity management mechanisms, enhance information transparency and awareness.
- Continuously optimize supplier sustainability management mechanisms.