NYK is pleased to announce that for a fourth consecutive year, CDP,* an international environmental non-profit organization, has recognized NYK as an “A List” company for climate change.

CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2023, more than 740 signatory financial institutions with assets of more than USD 136 trillion requested disclosure of data on environmental impacts, risks, and opportunities through the CDP platform. In 2023, about 23,000 companies responded — the highest ever.

Over 21,000 companies worldwide that were assessed, 346 companies were selected for the “A List,” out of which 109 are Japanese companies and 4 are shipping companies, including NYK. (As of February 6, 2024)

We believe that our selection as an “A List” company, the highest rating, is a comprehensive recognition of our achievements as a global leader in reducing greenhouse gas (GHG) emissions and the following series of initiatives to mitigate the risks of climate change.

– The announcement of the NYK Group medium-term management plan “Sail Green, Drive Transformations 2026 — A Passion for Planetary Wellbeing ” and the promotion of a growth strategy with ESG at its core

– The revision of the Group’s Environmental Vision and Environmental Policy , and presentations within and outside the Group featuring necessary responses in line with the scope and content of the environmental responses required by society

– 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 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
Source: Nippon Yusen Kaisha