Sustainability
NYK Group's ESG Management
Under our Mission Statement, we promote ESG management, which enables the coexistence of corporate sustainability with environmental and social sustainability. We will spearhead initiatives to become a Sustainable Solution Provider (a company also offering solutions to social and environmental issues) that delivers value to diverse stakeholders.
We have set out the NYK Group Environmental Vision as our desired environmental stance, formulated the Group Environmental Policy, and are working to address environmental issues.
Our long-term GHG reduction target is to achieve net-zero emissions by 2050. We will position this decoupling of business growth and environmental impact as its core strategy and contribute to the realization of a decarbonized society while also achieving sustainable growth as a company.
We have positioned marine LNG as a bridging solution to the practical use of zero emission fuels. In addition to efforts to “not emit” GHGs by using next-generation fuel such as ammonia and renewable energy, we are also working to “reduce” and “remove” GHGs, as well as promoting research and development and co-creation with external parties.
To understand the environmental impact of the entire Group and encourage each company to take action, we collect, compile, and disclose environmental performance data from our domestic and overseas consolidated subsidiaries.
We recognize the potential impact of our business activities on the marine environment and living organisms, and we strive to protect marine environment and biodiversity.
With the aim of realizing a circular economy, we are focusing on ship recycling and are implementing initiatives at each stage of ship procurement, operation, and breaking.
We are working to reduce air pollutants emitted from ships and other sources in accordance with international regulations and local regulations.
To achieve our GHG reduction target of “Net Zero Emissions by 2050,” it is important to raise the environmental awareness of all employees. In order to foster a corporate culture in which each and every member of our group sees environmental issues as their and takes proactive action, we have repeatedly conducted environmental education and awareness-raising activities, and established and are operating a system in which personnel from each group company and department are involved in the collection and compilation of GHG data.
NYK issued the shipping industry’s first green bonds in 2018 and Japan’s first transition bonds in 2021. The company has made pioneering efforts in ESG finance.
NYK will continue to promote ESG finance to support business sustainability. The company aims to have its growth strategy based on ESG management.
We strive to earn the trust of our stakeholders, including shareholders, investors, customers, business partners, local communities, and employees of the Group, and to build and maintain an appropriate management structure that ensures management transparency and efficiency in order to meet their expectations.
We identify the most critical risks and critical risks, and we have established a system to manage and mitigate these risks, as well as business continuity planning (BCP) and information security. Additionally, we conduct serious accident response drills as part of our crisis management efforts.
To ensure that all officers and employees carry out their daily duties with a sound awareness of compliance, we conduct training and establish an internal reporting system, and work to ensure thorough compliance with laws and norms, including the Antitrust Laws.
Based on the belief that the promotion of mutual communication with shareholders and investors and the accumulation of such communication will lead to an appropriate evaluation of corporate value, we disclose the status of investor briefings and individual dialogues, as well as the opinions expressed through these dialogues and our efforts in response to these opinions.
Social
The foundation of our business activities is to ensure safe operations, support logistics sites with the highest levels of knowledge, technology, and experience, protect the safety and health of the employees who support these operations, and create an environment where every employee can actively contribute. At the same time, we aim to fulfill our social responsibilities, including respecting human rights throughout the value chain, and to co-create value with local communities and the supply chain.
Ensuring safe vessel operations is the foundation of our business activities and the cornerstone of our ESG management. We are fostering a culture of safety that will be passed down to future generations, ensuring that past serious accidents are not forgotten, while supporting logistics sites worldwide with the highest levels of knowledge, technology, and experience.
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Aiming to transform into 'A Global Company Headquartered in Japan,' we will strengthen our global human resources structure and focus on talent management, diversity, and inclusion to enhance our workforce and strengthen our organization.
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In addition to conducting human rights due diligence and identifying issues and responses, including access to remedy and stakeholder engagement, we are promoting education and awareness among executives, employees, business partners, and group companies to ensure respect for human rights throughout the value chain.
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The health and safety of our employees are fundamental to our business. Consequently, our highest priority is to promote health and productivity management to enhance corporate value. We are implementing various initiatives to maintain and improve both the mental and physical health of our employees, as well as to enhance the working environment.
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We collect, compile, and disclose a variety of human resources data for NYK as well as its domestic and overseas consolidated subsidiaries.
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We will contribute to the overall development of the maritime industry by promoting responsible procurement, and advancing initiatives such as those aimed at decarbonization through co-creation with suppliers.
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As a responsible corporate citizen, we will ensure responsible behavior, respect human rights and diverse cultures, and collaborate with stakeholders to harmonize with both international and local communities in addressing the challenges of local development and regional symbiosis.
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We will prioritize R&D and technological development as key drivers of value creation by addressing material issues. Additionally, we will safeguard our business activities by appropriately protecting and utilizing the outcomes of our research and development as intellectual property while accurately understanding and respecting the intellectual property rights of other companies. In doing so, we will fulfill our social mission of 'keeping the logistics lifeline open' while also creating value.
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