HMM is a publicly listed company headquartered in the Republic of Korea and founded in 1976. In 2021 its revenue was USD 11.69 billion. Along with container ships and oil tankers, the company operates dry bulk carriers, LNG tankers and multi-purpose vessels. HMM is the world’s eighth-largest shipping company and it moves the majority of South Korea's exports.
- Ranking position
- #17 /90
- Total score
- 34.0 /100
- ACT
- 29.0 /60
- Core social indicators
- 5.0 /20
- Just transition
- 0.0 /20
- Performance score
- 9.3 /20
- Narrative Score
- ABCDE
- Trend Score
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- Trend line is up
- Trend line is equal
- Trend line is down
ACT score components
ACT assessment
Leading practice
Trend
HMM receives a trend score of =. If the company were reassessed in the near future, its score would likely remain the same. HMM has decreased its emissions intensity between 2018 and 2021 at the rate required by its 1.5°C pathway. It is also projected to remain within its carbon budget for 2022-2036 . The company aims to reach net-zero emissions by 2050. However, it has not set regularly spaced intermediate targets, which could help the company increase near-term action to achieve its longer-term net-zero goal. Moreover, there is no evidence of strong financial commitment by the company towards the goal of decarbonisation.
Progress towards the Paris Agreement
Social assessment
Core social assessment
More about the company
- Headquarters
- Seoul, Republic of Korea
- Revenue
- USD 11.69 billion
- Ownership
- Publicly listed
- Employees
- 1.771
- Website
- https://www.hmm21.com/cms/company/engn/introduce/overview/index.jsp