NYK Participates in Government-sponsored “2 C Target Forum”

June 27, 2018

NYK presented its environmental management initiatives to limit warming to less than 2 degrees Celsius today at the 2 C Target Forum in Tokyo co-sponsored by Japan’s Ministry of the Environment (MOE) and CDP.

- About the Forum
Companies intent on implementing decarbonization initiatives — such as Science Based Targets (SBT) committing to emission-reduction targets to keep the global temperature increase below 2 degrees Celsius compared to preindustrial levels, and RE100, a commitment to purchase 100 percent of electricity through renewable sources by 2025/2050 — joined financial institutions investing in companies with strong ESG (environmental, social and governance) credentials and providers of renewable energy to discuss current issues and future challenges.

- About NYK’s Environmental Management
Yuichi Shirane, deputy manager of NYK’s Corporate Finance Team in the Finance Group, made a presentation about NYK’s integration of ESG into the company’s management strategy, the company’s participation in the international SBT initiative, and the use of green bonds for the purpose of funding environment-friendly projects.

As an organization that conducts business activities globally, the NYK Group has positioned responses to global environmental concerns as a significant corporate issue. In accordance with the new medium-term management plan “Staying Ahead 2022 with Digitalization and Green” that NYK announced in March, the company is taking steps to enrich the company’s corporate value by embracing the sustainable development of society.

- Presentation

-Related Links
For more information about NYK’s new medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” please visit the link below.

For more information about NYK Green Bonds, please visit the link below.

Announcement on June 13, 2018, “NYK Receives SBT Initiative Verification for Commitment to Greenhouse Gas Reduction,” http://www.nyk.com/english/news/2018/1190806_1687.html

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