Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Received Japan's 2018 Minister of the Environment Award for MT-FAST, a fuel-saving device.
• Awarded Minister of Environment Japan Green Bond Award

Social Achievements

• Selected for White 500 Company (outstanding health management company) for the third consecutive year.
• Certified as a Tokyo Sports Promotion Company and Sports Yell Company for the third consecutive year.
• NYK Cruises received top awards for 2018 World Cruise and other awards.

Governance Achievements

• Selected for Dow Jones Sustainability Index for the 17th consecutive year.
• Selected for FTSE4Good Index for the 17th straight year.
• Included in the MSCI ESG Leaders Indexes.
• Included in three new ESG indexes for GPIF (FTSE Blossom Japan Index, MSCI Japan ESG Select Leaders Index, and MSCI Japan Empowering Women Index).
• Awarded IT Japan Award 2019 Grand Prize.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Dow Jones Sustainability Index
• FTSE4Good Index
• MSCI ESG Leaders Indexes
• IT Japan Award 2019 Grand Prize
• Outstanding Integrated Report and Highly Improved Integrated Report
• Minister of Environment Japan Green Bond Award
• White 500 Company
• 2019 Tokyo Sports Promotion Company
• 2019 Sports Yell Company
• 2018 Cruise of the Year Awards Grand Prix award
• 2019 Cruise of the Year Awards Outstanding award
• 2019 Cruise of the Year Awards Special Prize
• Japan's 2018 Minister of the Environment Award
• Outstanding award for 2019 Internet IR

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social Responsibility
• Governance

Environmental Achievements

• Selected for CDP’s A List, the maximum possible rank, and its Supplier Engagement Leaderboard (highest level of assessment in supplier engagement)

Social Achievements

• Certified as a Health & Productivity Management Outstanding Organization for the fifth consecutive year
• Certified as a Tokyo Sports Promotion Company for the fourth consecutive year

Governance Achievements

• Selected for Dow Jones Sustainability Index for 18th consecutive year
• Selected for FTSE4Good Index for the 18th Straight Year
• Included in the MSCI ESG Leaders Indexes
• Re-selected for the S&P/JPX Carbon Efficient Index
• Included in three new ESG indexes: FTSE Blossom Japan Index, MSCI Japan ESG Select Leaders Index, and MSCI Japan Empowering Women Index
• Selected as an SOMPO Sustainability Index stock
• Given Outstanding Award under the 2020 Internet IR Commendation Awards (ninth consecutive year)

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Dow Jones Sustainability Index, FTSE4Good Index, MSCI ESG Leaders Indexes, CDP, S&P/JPX Carbon Efficient Index, FTSE Blossom Japan Index, MSCI Japan ESG Select Leaders Index, MSCI Japan Empowering Women Index, SOMPO Sustainability Index

Awards & Recognition

• Outstanding Integrated Report and Highly Improved Integrated Report (GPIF)
• Outstanding award for 2020 Internet IR

Environmental Metrics

ESG Focus Areas

• Climate Change

Environmental Achievements

• Reduced Scope 1 and 2 emissions by -9.80% from 2021 to 2023
• Reduced Scope 1, 2, and 3 emissions by -10.10% from 2021 to 2023
• World’s First Commercial-Use Ammonia-Fueled Vessel (Ammonia-fueled tugboat Sakigake completed in August 2024)

Social Achievements

• Not disclosed

Governance Achievements

• Established ESG Strategy Headquarters and ESG Strategy Committee in April 2023
• Transitioned from a Company with a Board of Auditors to a Company with Audit & Supervisory Committee as of June 21, 2023
• Introduced a performance-based stock compensation plan in fiscal 2016, partially revised in fiscal 2022 to accelerate ESG management

Climate Goals & Targets

Environmental Challenges

• Securing seafarers for LNG-fueled and next-generation fuel vessels
• Rapid changes in customer trends
• Stranded assets due to delays in decarbonization of the fleet
• Cost of funding activities
• Frequent occurrences and intensification of abnormal weather and marine phenomena
• Rising sea levels
• Climate Change Impacts on the Panama Canal
• Changes in shipment and transportation demand

Mitigation Strategies

• Securing high-quality seafarers through in-house training and optimal manning system
• Promoting low-carbonization and decarbonization of the fleet and exploring new growth businesses
• Developing ammonia-ready LNG-fueled vessels for phased decarbonization
• Utilizing green financing
• Support for determining the optimal new route using our unique system
• Implementation of stormy weather avoidance simulations
• Advancing leasehold conversion of properties and warehouses in low-lying areas
• Monitoring the situation of Panama Canal and calling on the Panama Canal Authority to make further improvements
• Strengthening existing core businesses and exploring new growth businesses

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Frequent occurrences and intensification of abnormal weather and marine phenomena
• Rising sea levels
• Climate Change Impacts on the Panama Canal

Transition Risks

• Introduction of carbon pricing
• Tighter GHG emission regulations
• Changes in shipment and transportation demand
• Rapid changes in customer trends
• Stranded assets due to delays in decarbonization of the fleet
• Cost of funding activities

Opportunities

• Growing demand for marine transportation services that have low GHG emissions
• Increase in demand for renewable energy, offshore wind power value chain, and transportation business of hydrogen, ammonia, biofuel, etc.
• Demand for highly-skilled seafarers will increase

Reporting Standards

Frameworks Used: TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Ammonia-fueled vessels

Awards & Recognition

• Not disclosed