United Nations (UN) Global Compact

As the board member representing Japanese business

On May 9, 2006, NYK announced its endorsement and support for the United Nations (UN) Global Compact ("GC" hereinafter). NYK was the 43rd Japanese organizations participated in the Global Compact, including a number of local governments.

In 2008, Representative Director and Chairman Koji Miyahara was appointed to the board of Global Compact Board Japan (GCBJ).

In January 2009, we announced our support for the Caring for Climate initiative on climate change and became a signatory to the document. The philosophy advocated by the GC is in harmony with the philosophy and orientation of the NYK Group as a global logistics services company. As we seek to evolve into a more global company, the NYK Group will develop and implement international CSR guidelines that meet the standards of the world community based on the GC initiatives and will act in ways that help to achieve sustainable growth for society as a whole.

To ensure integrity, the UN requires participating organizations to report to submit Communication on Progress (COP), reporting on detailed activities and results in their efforts to achieve the GCﾕs ten principles. NYK has submitted COP since 2006, primarily covering the information contained in the CSR report, and our report was selected as a Notable COP in 2008.

United Nations (UN) Global Compact

The Global Compact was first proposed by United Nations Secretary-General Kofi Annan in 1999 and formally organized the next year, in July 2000. Companies from around the world may participate by supporting and acting on the Compact's ten principles in the four areas of human rights, labour, environment, and anti-corruption. The objective is to achieve sustainable growth for society by having companies that endorse and support the Global Compact voluntarily behave as good citizens.

NYK Group's basic corporate philosophy is to contribute to the betterment of societies throughout the world through safe and dependable monohakobi (transport). Based on this philosophy, NYK practices the ten principles of the United Nations (UN) Global Compact in all aspects of its business, serving the international community as a good corporate citizen.

The Ten Principles of the United Nations Global Compact

Human Rights
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
Principle 2: make sure that they are not complicit in human rights abuses.

Labour Standards
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4: the elimination of all forms of forced and compulsory labour;
Principle 5: the effective abolition of child labour; and
Principle 6: the elimination of discrimination in respect of employment and occupation.

Environment
Principle 7: Businesses should support a precautionary approach to environmental challenges;
Principle 8: undertake initiatives to promote greater environmental responsibility; and
Principle 9: encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption
Principle 10: Businesses should work against all forms of corruption, including extortion and bribery.