NYK has been included by CDP* in its Supplier Engagement Leaderboard for the company’s initiatives to reduce GHG emissions and tackle climate-change risks.
On December 8, 2020, NYK was selected as an "A List" company, which is the highest rating, after an assessment of the company’s response to CDP climate change questionnaire.
The Supplier Engagement Assessment is based on the four categories of Governance, Targets, Scope 3 emissions, and Value chain engagement in last year's CDP climate change questionnaire and recognizes companies that have excelled in addressing climate change throughout their supply chains.
Of the approximately 5,800 companies worldwide that were evaluated, around 400 companies which are among the top 7% of all evaluated companies were selected for the Supplier Engagement Leaderboard.
In addition to reducing GHG emissions based on the company’s medium- to long-term environmental targets,** which have been certified by the SBT Initiative,*** NYK has been actively promoting the use of LNG for ship fuel and cooperating with customers to implement various fuel-saving activities. We believe that being selected for the Supplier Engagement Leaderboard is a recognition of these efforts throughout the supply chain.
On February 3, 2021, NYK announced the NYK Group ESG Story,**** which aims to further integrate ESG into the company’s management strategy. In order to continue to be a corporate group that is needed by society and industry, the NYK Group aims to be a Sustainable Solution Provider that creates new value while maximizing profits and achieving social and environmental sustainability from a long-term perspective.
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources, and protect forests. Voted the No. 1 climate research provider by investors and working with institutional investors with assets of US$106 trillion, the organization leverages investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2020. This is in addition to the hundreds of cities, states, and regions that have disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition.
The list of the companies selected for the Supplier Engagement Leaderboard can be found at the following link:
** Medium to long-term environmental targets
NYK’s reduction targets for GHG emissions are 30% per ton-kilometer by 2030 compared with a 2015 base year, and 50% per ton-kilometer by 2050 compared with the same base year. The NYK Group will make its best efforts to reduce GHG emissions by increasing the efficiency of fleet allocation, vessel operation, and cargo handling; striving to achieve zero downtime; and realizing visualization and optimization through hardware innovation and digitalization.
*** SBT Initiative
A collaboration among the Carbon Disclosure Project (CDP), the World Resources Institute (WRI), the World Wild Fund for Nature (WWF), and the United Nations Global Compact (UNGC) to encourage adherence to science-based emission-reduction targets that are in line with the level of decarbonization to keep global temperature increase below 2 degrees Celsius compared to preindustrial levels. Over 500 companies around the world have had their targets verified, and NYK was the 20th Japanese company to have done so.
**** NYK Group ESG Story
A guideline detailing concrete efforts to integrate ESG into management strategies of the NYK Group.Details can be found in the following press release:
https://www.nyk.com/news/2021/esg-story_01.html (Japanese version)
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