NYK announced that for a second 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 2021, about 590 investors with over US$110 trillion in assets and 200 major purchasers with US$5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks, and opportunities through CDP’s platform. Over 13,000 responded — the highest ever.
Of the approximately 12,000 companies worldwide that were assessed, 201 companies were selected for the A-list, out of which 55 are Japanese companies and 2 are shipping companies, including NYK. (As of December 8, 2021)
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 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 environment-related information, including 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 introduce and promote the use of LNG fuel and to reduce GHG emissions
- Active engagement in research and demonstration projects for the practical use of zero-emission fuels such as hydrogen and ammonia
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 through business activities.
Moreover, in September we set a long-term target of net-zero emissions of greenhouse gas (GHG) by 2050 for the NYK Group’s oceangoing businesses.
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 590 investors with over $110 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. Over 14,000 organizations around the world disclosed data through CDP in 2021, including more than 13,000 companies worth over 64% 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.