NYK Participates in Green Bond Seminars in Tokyo and Osaka

July 31, 2018

During the Seminar
Yuichi Shirane,
deputy manager of NYK’s Corporate Finance Team
NYK, the world’s first company in the global shipping industry to issue labelled green bonds, presented its initiatives at green bond seminars co-sponsored by Bloomberg L.P. and Nomura Securities Co. Ltd. in Tokyo on May 25 and Osaka on July 26. A green bond is one in which the proceeds are used solely for the purpose of funding environment-friendly projects.

- About the Seminar
Bloomberg and Nomura Securities held the seminars to encourage an exchange of information between green bond issuers and potential investors.

ESG investment that considers environmental, social and governance (ESG) initiatives is generating a lot of attention in Japan and overseas. Approximately US$163 billion in green bonds were issued worldwide in 2017, a growth of about 67 percent compared with the previous year, and the entire green bond market currently has a total value of about US$330 billion.

- About the NYK Green Bonds
In accordance with its new medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” the company issued green bonds in May this year to contribute to the sustainable development of society and enrichment of the company's corporate value.

To address environmental regulations that will be strengthened from 2020, the green bonds will be used to construct vessels powered by liquefied natural gas (LNG), develop eco-friendly fuel, equip ships with SOx scrubber systems (a system that uses seawater and chemicals to remove sulfur from ship exhaust gases), etc.

At the seminar, Yuichi Shirane, deputy manager of NYK’s Corporate Finance Team in the Finance Group, made a presentation about the background, purpose, and effect of the green bond issuance, and the difficulty experienced before issuing.

NYK will keep a wide range of stakeholders involved in the company’s proactive approach to environmental investment, contribute to revitalizing the domestic green bond market, and aim to realize a sustainable society.

- Reference
Announcement on May 18, 2018, “Terms and Conditions of NYK’s Green Bonds Determined,”
Announcement on May 8, 2018, “NYK Received a Second-party Opinion and MOEJ's confirmation,” http://www.nyk.com/english/news/2018/1190556_1687.html
Announcement on April 17, 2018, “NYK to Issue Green Bonds,”

This press release has been prepared for the sole purpose of publicly announcing the company’s public relations activities, and not for the purpose of soliciting investment or engaging in any other similar activities.

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