NYK is pleased to announce that for a fourth 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 2023, more than 740 signatory financial institutions with assets of more than USD 136 trillion requested disclosure of data on environmental impacts, risks, and opportunities through the CDP platform. In 2023, about 23,000 companies responded — the highest ever.
Over 21,000 companies worldwide that were assessed, 346 companies were selected for the “A List,” out of which 109 are Japanese companies and 4 are shipping companies, including NYK. (As of February 6, 2024)
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 announcement of the NYK Group medium-term management plan “Sail Green, Drive Transformations 2026 — A Passion for Planetary Wellbeing ” and the promotion of a growth strategy with ESG at its core
- The revision of the Group’s Environmental Vision and Environmental Policy , and presentations within and outside the Group featuring necessary responses in line with the scope and content of the environmental responses required by society
- Adequate disclosure of information in addressing climate change in the four foundational areas — i.e., governance, risk management, strategy, and metrics and targets — in accordance with TCFD (Task Force on Climate-related Financial Disclosure) recommendations**
- The effective functioning of an Environmental Management System (EMS) 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 GHG emissions and reductions
- Proactive efforts to reduce GHG emissions through the introduction and use of LNG fuels, active use of biofuels and methanol fuels, and various fuel-saving activities
- Active engagement in research and demonstration projects for liquefied CO2 marine transportation and the practical use of zero-emission fuels such as hydrogen and ammonia
- Proactive efforts to collaborate with diverse stakeholders and advocate for policy through various initiatives and industry associations
On March 10, 2023, the NYK Group released its medium-term management plan “Sail Green, Drive Transformations 2026 — A Passion for Planetary Wellbeing.” The NYK Group is promoting growth strategies with ESG at the core, based on the Group’s mission statement of “Bringing value to life” and a new corporate vision for 2030, which reads, “we go beyond the scope of a comprehensive global logistics enterprise to co-create value required for the future by advancing our core business and growing new ones.”
* 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 740 Signature Financial Institutions with over $136 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 24,000 (approximately 18,700 companies in 2022) organizations around the world disclosed data through CDP questionnaires in 2023, including more than 23,000 companies worth two-thirds of the world's 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 provide insufficient information are marked with an F.
The full list of companies that made this year’s CDP A List is available at the link below, along with other publicly available company scores.
https://www.cdp.net/en/companies/companies-scores
** NYK’s disclosure based on TCFD recommendations