Message from the President
Moving ESG Management from "Dissemination" Phase to "Implementation" Phase
In March 2023, two years after the February 2021 release of NYK Group ESG Story, the NYK Group launched its new medium-term management plan: Sail Green, Drive Transformations 2026 — A Passion for Planetary Wellbeing. This plan sets out concrete growth strategies with environmental, social, and governance (ESG) principles at their core. In the period leading up to the new plan's release, we established a greater understanding of these principles among Group employees in Japan and overseas. Moreover, beyond simply getting a better grasp of ESG principles, employees have been internalizing them. Having spent two years embedding said principles, the Group is now ready to move into a phase of implementing ESG management. Since 2021, we have planted the seeds of growth in a wide range of fields. For example, we have begun conversion to the fuels best suited to a decarbonized society, developed autonomous ships, advanced regional revitalization, and invested in new businesses. Going forward, we will begin full-scale commercialization and advance a broad range of specific measures.
Providing Comprehensive Logistics for Supply Chains
"Co-creation" is a key word of the new medium-term management plan. This term expresses our desire to work in partnership with a variety of stakeholders to tackle environmental issues and a range of other social issues and thereby create positive impacts that surpass what a single corporate group can achieve on its own. In such joint initiatives, I will emphasize finding ways in which we, as a comprehensive global logistics provider that is integral to society's infrastructure, can establish virtuous cycles that create environmental and social value across entire supply chains. Initiatives to reduce GHG (greenhouse gas) emissions are a good example of this approach. As well as reducing the GHG emissions from the ships operated by our group, we value dialogue with customers to consider how we can create and contribute to value for them. As a link in supply chains, the NYK Group has a responsibility to participate in initiatives that encompass stakeholders in areas beyond transportation, including senders, receivers, and ultimate recipients. With this in mind, we will increase the volume and visibility of our quantitative data, enhance in-house analytic capabilities, and develop discussions that are even more constructive and advanced with customers and business partners.
Taking Pride in Supporting Daily Life Worldwide
In the past medium-term management plans, we have aimed for and achieved becoming a comprehensive global logistics provider beyond the maritime shipping industry. Having achieved this goal, we will pursue a new plan and go beyond the boundaries of a comprehensive logistics provider. In keeping with the NYK Group's mission statement of "Bringing value to life," all Group officers and employees will rededicate themselves to the social mission of supporting daily life worldwide and implement ESG management with a strong sense of pride. As we move forward into a phase of implementation, I ask all of our stakeholders for their continued understanding and endorsement.