The Board of Directors addresses sustainability issues, including climate change, through reports submitted by the Safety and Environmental Management Committee, the Risk Management Committee, and the ESG Strategy Headquarters. Additionally, the progress toward medium- to long-term decarbonization targets is reported and monitored regularly.

ESG management strategies are formulated by the ESG Strategy Headquarters through the ESG Strategy Committee and approved by the Management Meeting. The Management Meeting, a key decision-making body, aims to create both corporate and social value simultaneously.

Comprising the ESG Management Group and the Decarbonization Group, the ESG Strategy Headquarters was established in April 2023. The headquarters acts as the engine for the implementation of ESG management, which is at the core of the growth strategy in the medium-term management plan. With regulations regarding the reduction of greenhouse gas (GHG) emissions tightening and calls for the disclosure of non-financial information increasing, the issues concerning ESG matters are diversifying and closely linked to companies' long-term strategies. The ESG Management Group's role is "activation," looking at wide-ranging stakeholders while working to raise awareness and motivation, and aiming to further promote and implement ESG management. The Decarbonization Group, meanwhile, is focused on "action," performing a directive function by formulating and promoting a scientific, data-driven approach. The two groups involve a wide range of concerned parties and work toward the implementation of ESG management for the NYK Group globally.

This committee comprises executive officers, general managers representing each division and an external expert. A wide range of ESG-related themes are discussed strategically, including setting overall company policies and goals and progress checks on action plans determined by each division. The ESG Strategy Headquarters will report to the Management Meeting and Board of Directors.