NYK is pleased to announce that for a third consecutive year, CDP,* an international environmental non-profit organization, has recognized NYK as an “A-list” company for climate change
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2022, about 18,700 companies responded — the highest ever.
Of the approximately 10,000 companies worldwide that were assessed, 283 companies were selected for the A-list, out of which 74 are Japanese companies and 2 are shipping companies, including NYK. (As of December 13, 2022)
We believe that our selection as an A-list company, the highest rating, is a comprehensive recognition of our achievements as a global leader in reducing greenhouse gas (GHG) emissions and the following series of initiatives to mitigate the risks of climate change.
- The efforts to achieve a long-term target of net-zero emissions of GHG by 2050 for the NYK Group’s oceangoing businesses
- Challenges by Yusen Logistics Co., Ltd., which is in charge of the NYK Group’s logistics business, to reduce GHG emissions after setting a long-term GHG reduction target of “achieving net zero emissions for all services provided to customers by 2050”
- The “NYK Group ESG Story 2022” provides a medium- to long-term roadmap for achieving the NYK Group’s long-term GHG reduction targets in its ocean shipping business
- Adequate disclosure of information in the four foundational areas of governance, risk management, strategy, and indicators and targets in addressing climate change, in accordance with TCFD recommendations
- The effective functioning of an EMS (Environmental Management System) based on a clear commitment by top management to climate change measures
- Appropriate recognition and assessment of risks and opportunities for environmental issues
- Highly transparent disclosure of GHG emissions and reductions
- Active involvement in various types of green finance, such as green bonds, green loans, and sustainability linked loans
- Proactive efforts to reduce GHG emissions through the introduction and use of LNG fuels, active use of biofuels and methanol fuels, and various fuel-saving activities
- Active engagement in research and demonstration projects for liquefied CO2 marine transportation and the practical use of zero-emission fuels such as hydrogen and ammonia
- Proactive efforts to collaborate with diverse stakeholders and advocate for policy through various initiatives and industry associations
In February 2021, NYK released the “NYK Group ESG Story,” which aims to further integrate ESG into the company’s management strategy and promotes activities that contribute to the achievement of the SDGs through business activities. In March this year, NYK released the updated “NYK Group ESG Story 2022,” which introduces initiatives for integrating ESG into the Group’s management strategies set forth in the “NYK Group ESG Story” and provides a partial explanation of the Group’s sustainable growth strategy from a long-term perspective.
The NYK Group will continue to strive to disclose relevant information as a global leader in addressing climate change, and to create new value as a sustainable solution provider needed by society and industry.
* CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 680 financial institutions with over $130 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Nearly 20,000 organizations around the world disclosed data through CDP in 2022, including more than 18,700 companies worth half of global market capitalization, and over 1,100 cities, states and regions.
Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable, and resilient economy.
The CDP score is widely used around the world as a leading indicator in making sustainable investment and procurement decisions. Responding companies are allocated a score from A to D- depending on the comprehensiveness of their disclosure. Those that don’t disclose or provided insufficient information are marked with an F.
