News Releases in 2008
February 1, 2008
For the second consecutive year, Nippon Yusen Kabushiki Kaisha (NYK; head office: Chiyoda-ku, Tokyo; president: Koji Miyahara) has been selected as one of the Global 100 Most Sustainable Corporations in the World.
The Global 100, which was launched in 2005, is an annual research and ratings project conducted jointly by Innovest Strategic Value Advisors Inc. and Corporate Knights Inc.
Innovest, as the analytic data provider for Global 100, selects the top 100 companies from various industries that display a better ability than their industry peers in handling nonfinancial corporate values, such as environmental, social, and corporate governance issues that affect risk management.
NYK was the first Japanese shipping company so honored when it was selected last year. This year, out of the 1,800 or so candidate companies, the top 100 were from 17 countries, and NYK was one of the 13 companies selected from Japan.
The Global 100 is unveiled each year at the World Economic Forum in Davos. This year, the selected companies were announced on January 23.
NYK considers the award as encouragement to strive to further promote CSR activities through cooperation among NYK Group companies.
Based in New York, Innovest Strategic Value Advisors Inc. is an independent SRI (socially responsible investment) research institute founded in 1995, Innovest considers many of the risks facing companies and the source of their competitive strength as being intangible. These "underwater" factors are difficult to measure using conventional analytical methods for investment. Innovest's famous "iceberg" balance sheet focuses on four factors that contribute to 60 - 70 percent of a corporation's value: corporate governance, environment, human resources, and stakeholder capital. The institute provides advice on asset management to major pension trusts, corporate investors, the United Nations, NGOs, and the like.
Founded in 2002, Corporate Knights is an independent media company based in Toronto, Canada. It publishes magazines focusing on corporate responsibility and covering themes including the environment, education, energy efficiency, and socially responsible investing. Corporate Knights also publishes ratings of corporations that are environmentally conscious, exhibit excellent corporate citizenship, and the like.
