NYK Line announced that it has become a signatory to the UN Global Compact Sustainable Ocean Principles, becoming the first Japanese company to do so.
Launched in September 2019, the Sustainable Ocean Principles provide a framework for responsible business practices across sectors and geographies, building upon and supplementing the principles of the UN Global Compact to achieve the world community’s ambitions as laid out in the Sustainable Development Goals, particularly goal 14 of “Life Below Water.”
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NYK has become a signatory with the understanding that the direction of the company’s Life Below Water efforts, are in line with the purpose of the Sustainable Ocean Principles.
NYK has been continuing fuel saving activities by improving the operational efficiency of ships in order to reduce the emission of carbon dioxide (CO2).
The company is also actively engaged in research and demonstration projects aimed at introducing LNG fuel as a bridge solution to decarbonization and putting zero-emission fuels such as hydrogen and ammonia into practical use.
In 2020, NYK started using its vessels to obtain samples of microplastics together with the Chiba Institute of Technology (CIT), and NYK and CIT have since conducted joint surveys on the distribution and impact of microplastics in the ocean.
We believe that the results of these surveys will contribute to the early resolution of marine plastics pollution, which may affect marine biodiversity
NYK said.
Since 2021, NYK has begun to contribute to environmental DNA research as an activity that contributes to the sustainable use of marine resources. This research makes it possible to grasp the current state of marine ecosystems, and it is expected that the research results will be utilized for effective utilization of marine resources and formulation of future natural capital management plans.
In February 2021, 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.
In March this year, NYK released the updated “NYK Group ESG Story 2022,” which introduces initiatives for integrating ESG into the Group’s management strategies set forth in the “NYK Group ESG Story” and provides a partial explanation of the Group’s sustainable growth strategy from a long-term perspective.