Pan Ocean

ESG IMPACT

2021-2022 highlights

Agency	Year	Total	Environment	Social	Governance
Korea institute of Corporate Governance and Sustainability	2023	A	A+	A	A
Korea ESG Research Institute	2023	B	B+	B	B+
Sustinvest	2023	BB	A	B	A
Moody's	2023	21	24	17	29
MSCI	2023	BB	-	-	-
S&P	2023	32	-	-	-

* Source : KRX ESG portal(https://esg.krx.co.kr/)

First shipping company in Korea to issue ESG bonds
(June 2021)
Secured funds and invested
in a transition to green vessels
“A” credit rating
(Korea Investors Service, Korea Ratings)
Achieved financial stability through
smooth business risk management

Operation profitincreased by 180% YoY (Accumulative as of 3Q 2022) Secured robust business foundations for stable sales performances

Established the Maritime Environment Team
(Jan. 2021)
Active response to vessel-related
environmental regulations and issues
Voluntary engagement in CDP*Score “B”
* CDP:
Carbon Disclosure Project
Transparent disclosure of climate
change response and relevant data

Declaration of 2050 Carbon neutrality
(Aug. 2022)
Declaration to achieve carbon
neutrality by 2050 and provide
all stakeholders with net zero solutions
Started a MASS demonstration project
(Sep. 2022)
Engaged in the demonstration project
to introduce safe maritime autonomous
surface ships (MASS)

Set up an organization dedicated to Safety and Health
(Nov. 2021)
Strengthened on/offshore OSH
management with the establishment
of the Safety Management Department
POS SM achieved the highest rating 4 Stars in the World Excellence Maritime Transport & Port Industry certification scheme
(Sep. 2019)
First ship management company in Korea
to achieve the highest rating in the World
Excellence Maritime Transport &
Port Industry certification scheme

POS SM designated as Korea’s first Authorized Ship Management Company
(Dec. 2021)
Obtained the Authorized Ship
Management Company certification
by the Ministry of Oceans and Fisheries

Established the ESG Committee
(May 2022)
ESG Committee formed within the Board
of Directors for a full-scale, board-level
sustainable management
Established of a mid to long-term dividend policy
(Mar. 2022)
Established a dividend policy and 3-year
dividend guidelines (2021-2023)
to ensure stability in dividends
and improve predictability

Appointed a female independent director
(Mar. 2022)
Appointed a female independent director
and achieved gender diversity
among the board of directors
Introduced the Fair Trade Compliance Program
(Feb. 2021)
Corporate-wide compliance
management system for voluntary
compliance