Sustainability Linked Loan

NYK has been working to deepen its ESG financing as part of its ESG management, starting with the issuance of the world's first green bond by an ocean shipping company in May 2018.

NYK will continue its efforts to keep a wide range of stakeholders involved in the company's proactive approach to environmental investment as the company makes efforts to contribute to realizing a sustainable society through technology that lessens environmental burdens.

More Information:

Syndicated Sustainability Linked Loan (Arranged in November 2019)

Agreement date November 29, 2019
Type Revolving credit facility (Commitment line)
Arranger/Agent MUFG Bank, Ltd.
Participating financial institutions The Norinchukin Bank
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
Total amount 50 billion yen
Period 5 years from November 29, 2019, to November 29, 2024
Use of proceeds Business fund
SPT Maintain a high evaluation in CDP's* Borrower's disclosure score for climate change
Third-Party Opinion
  1. *CDP (formerly Carbon Disclosure Project)
    An international non-profit that drives companies and governments to address environmental issues such as climate change. Since 2003, CDP has been sending out questionnaires every year to major companies around the world to collect corporate environmental information, such as carbon emission amount and actions for climate change, to assess management risk related to climate change. CDP then uses a standardized methodology to give each company a score.

Sustainability Linked Loan from THE SHIGA BANK,LTD. (Arranged in February 2021)

Agreement date February 5, 2021
Type Term Loan Agreement
Arranger/Agent THE SHIGA BANK, LTD.
Total amount 50 million US Dollar
Period 4 years from February 5, 2021, to February 5, 2025
Use of proceeds Business fund
SPT Obtain a high rating on the CDP Climate Change Score
Third-Party Opinion

Syndicated Sustainability Linked Loan (Arranged in March 2021)

Agreement date March 31, 2021
Type Term Loan Agreement
Arranger/Agent MUFG Bank, Ltd.
Participating financial institutions The Iyo Bank Ltd.
The Bank of Saga Ltd.
The Shikoku Bank Ltd.
The Nomura Trust and Banking Co. Ltd.
The Hachijuni Bank Ltd.
MUFG Bank Ltd.
Total amount USD 204 million
Period 5 years
Use of proceeds Business fund
SPT Maintain high rating in CDP Climate Change Score
Third-Party Opinion

Sustainability Linked Loan from Sumitomo Mitsui Banking Corporation (Arranged in March 2021)

Agreement date March 31, 2021
Type Revolving Credit Facility (Commitment Line)
Lender Sumitomo Mitsui Banking Corporation
Total amount USD 600 million
Period 5 years
Use of proceeds Business fund
SPT Maintain high rating in CDP Climate Change Score
Third-Party Opinion