NYK has once again received the highest rating on the Sumitomo Mitsui Banking Corporation???s (SMBC; president: Takeshi Kunibe) Sustainability Assessment Loan.
The assessment uses a standard created by Sumitomo Mitsui Banking Corporation and the Japan Research Institute Limited (president: Masahiro Fuchizaki). Based on the standard, a company???s disclosures for ESG (environment, society, and corporate governance) and efforts to achieve sustainability are assessed and loan conditions are established. The assessment also provides companies with feedback regarding the appropriateness of their sustainability efforts and information disclosure.
In this assessment, NYK???s ESG activities and its disclosure were highly assessed for the below merits, leading to the reception of the highest rating.
- Activities to reduce environmental burden in business
NYK began its Innovative Bunker and Idle-time Saving (IBIS) project on its containerships in fiscal 2012. From fiscal 2013, NYK expanded the IBIS Two project to include dry bulkers and car carriers, and resultantly reduced CO2 emissions and costs.
- Safe, diverse corporate culture
NAV9000, NYK???s original safety promotion system for marine- and land-related parties, has led to a reduction in maritime accidents. NYK also has a corporate culture that embraces diversity in the workforce, specifically by promoting women to the positions of directors and executive officers and offering training to non-Japanese seafarers.
- Corporate governance
Transparent corporate governance achieved by assigning two independent directors to the board of directors.
NYK takes an active role in social issues and will continue its efforts to remain a good global citizen and realize a sustainable society through such activities as environmental protection and the development of environmental technologies.