Feb. 07, 2025
NYK Recognized by CDP as One of World’s Top Green Businesses for Fifth Consecutive Year
NYK is pleased to announce that the international environmental non-profit organization CDP* selected NYK as an "A List" company for climate change for the fifth consecutive year as a global leader in climate change response.
CDP's environmental disclosure and scoring process is widely recognized as the global standard for corporate environmental transparency. In 2024, over 24,800 companies worldwide responded to the CDP questionnaire, including more than 2,100 Japanese companies, representing over 70% of companies listed on the Tokyo Stock Exchange’s Prime market.
Being recognized as an "A List" company for five consecutive years reflects the comprehensive acknowledgment of our efforts in reducing greenhouse gas (GHG) emissions and our series of initiatives aimed at mitigating climate change risks, which include the following:
- The announcement of NYK Group ESG Story 2023
outlining growth strategies and non-financial targets centered on our Group’s materiality (key issues) of "safety," "environment," and "human resources," along with the foundational aspect of "governance," which complements our medium-term management plan “Sail Green, Drive Transformations 2026 — A Passion for Planetary Wellbeing”
- The release of the NYK Group Decarbonization Story
, setting ambitious decarbonization targets and strategies to achieve the goals
- Adequate disclosure of information in addressing climate change in the four foundational areas — i.e., governance, risk management, strategy, and metrics and targets — in accordance with TCFD (Task Force on Climate-related Financial Disclosure) recommendations**
- The effective functioning of an Environmental Management System (EMS)
based on a clear commitment by top management to climate change measures
- Appropriate recognition and assessment of “risks and opportunities” for environmental issues
- Highly transparent disclosure of GHG emissions and reductions
- Proactive efforts in various types of green finance, such as green bonds, green loans, and sustainability-linked loans
- Proactive efforts to reduce GHG emissions through the introduction and use of LNG fuels, active use of biofuels and methanol fuels, and various fuel-saving activities
- Active engagement in research and demonstration projects for liquefied CO2 marine transportation and the practical use of zero-emission fuels such as hydrogen and ammonia
- Proactive efforts to collaborate with diverse stakeholders and advocate for policy through various initiatives and industry associations
On March 10, 2023, the NYK Group released its medium-term management plan Sail Green, Drive Transformations 2026 — A Passion for Planetary Wellbeing . The NYK Group is promoting growth strategies with ESG at the core, based on the Group’s mission statement of “Bringing value to life” and a new corporate vision for 2030, which reads, “we go beyond the scope of a comprehensive global logistics enterprise to co-create value required for the future by advancing our core business and growing new ones.” |
* CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states, and regions. Founded in 2000 and working with more than 700 Signature Financial Institutions with over $142 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources, and protect forests. In 2024, over 24,800 companies worldwide disclosed data through CDP questionnaires, making it one of the largest environmental disclosure platforms in the world. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable, and resilient economy. The CDP score is widely used around the world as a leading indicator in making sustainable investment and procurement decisions. Responding companies are allocated a score from A to D- depending on the comprehensiveness of their disclosure. Those that don’t disclose or provide insufficient information are marked with an F.
** NYK’s disclosure based on TCFD recommendations
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