NYK Introduces Its Initiatives For Zero-Emission Shipping

NYK participated in the LNG Producer-Consumer Conference 2021 held on October 5 and introduced the NYK Group’s efforts toward zero-emission shipping.

The LNG Producer-Consumer Conference has been held annually since 2012 as a platform for cooperation between producing and consuming countries to share the long-term supply and demand outlook for LNG and to make the trading market more transparent. This year’s conference, the tenth of its kind, discussed the roles and expectations that LNG will play in the next decade amid the global trend toward decarbonization.

Toshi Nakamura, an executive officer at NYK, participated in the session “The Way of Producing and Using ‘Clean LNG’” and talked about NYK’s LNG bunkering business as a bridge solution,* compliance with the International Maritime Organization’s (IMO) regulations on reducing greenhouse gas (GHG) emissions, the issuance of Japan’s first transition bond, and the future utilization of ammonia-fueled vessels.

10th LNG conference NYK
Image Credits: nyk.com

On February 3, 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 (Sustainable Development Goals) through business activities. To strongly promote ESG management, the NYK Group encourages new value creation as a sustainable solution provider through a business strategy that includes activities to achieve zero-emission ships.

* NYK is positioning LNG fuel as a bridge solution until marine fuels that have a lower environmental impact, such as hydrogen and ammonia, can be utilized to realize future zero-emission ships.

** NYK Group ESG Story
A guideline detailing concrete efforts to integrate ESG into management strategies of the NYK Group.

Reference: nyk.com

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