NYK Receives Highest Rating on BTMU Environmental Management Support Loan
May 9, 2011
NYK has received the highest rating on Environmental management support loan* conducted by the Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU; president: Katsunori Nagayasu).
NYK’s high rating is the result of its recognition of environmental issues as a significant company challenge, and its proactive work to pursue solutions, which were assessed as being “excellent.”
NYK places environmental issues at the very top of its corporate priorities. The Cool Earth Project, launched in April 2008 under the direct supervision of the company president, was given a more permanent status with the April 2011 creation of the company’s new Environmental Group. The company has an Environmental Management Vision containing three environmental strategies, and a long-term vision through which the company hopes to halve global greenhouse gas emissions by 2050. In particular, the company is making efforts in the following areas: (1) technology development for arriving at an optimal balance between the environment and the economy to achieve the zero-emissions ship NYK Super Eco Ship 2030; (2) developing a roadmap for medium- and long-term development of environmental technology by considering not only external movements like environmental issues to combat global warming but also business direction; (3) recognizing environmental risk management as an important company challenge and installing equipments that meets the requirements of the International Maritime Organization regulations; (4) installation of environmental technology on current ships and conducting demonstration experiments by installing solar panels and air-lubrication systems.**
NYK will continue its efforts to create a sustainable society through activities related to conservation of the global environment and the development of environmental technologies.
*In accordance with the demands of its customers, BTMU in cooperation with members of the Mitsubishi UFJ Financial Group and Mitsubishi UFJ Research and Consulting Co. Ltd. (president: Toshihide Mizuno), uses a standard created in consultation with the Ministry of the Environment to provide customers with a simple diagnosis of how their activities meet the latest environmental regulations and how their activities should be managed. In essence, BTMU establishes loan conditions based on the assessment and provides requesting customers solutions to business challenges.
**The system effectively reduces the frictional resistance between a vessel’s bottom and the seawater by means of bubbles generated by supplying air to the vessel’s bottom. The world's first permanent installation of the system using an air-blower is expected to reduce CO2 emissions by approximately 10 percent.
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