NYK Introduces Its Green Bond Initiatives At Tokyo Seminar

NYK, the first company in the global shipping industry to issue labelled green bonds, presented its initiatives at a seminar about new capital markets sponsored by Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. in Tokyo on December 14. A green bond is one in which the proceeds are used solely for the purpose of funding environment-friendly projects.

The importance of environmental, social, and governance (ESG) initiatives is getting a lot of attention in capital markets, and this seminar provided information on current ESG affairs to issuers interested in ESG bonds.

At the seminar, Yuichi Shirane, deputy manager of the Corporate Finance Team in NYK’s Finance Group, participated in a panel discussion titled “Current ESG and ESG Bond Initiatives.” Together with other ESG issuers, investors, and media, he discussed the background of green bond issuance, the difficulty experienced before issuing, and public response.

NYK will continue its efforts to 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 realize a sustainable society.

Reference: nyk.com