Speaking on NYK’s 137th anniversary, President Hitoshi Nagasawa stated that in the new medium-term plan the company wants to advance its ESG management.
As a first point, NYK will focus on reducing GHG emissions. According to Mr. Nagasawa “the NYK Group currently emits about 17 million tons of GHGs per year. We are heavily responsible for these emissions and will eventually have to bear the costs, such as carbon taxes.”
In the future, NYK’s President believes customers will choose to work with companies that “earnestly” work to reduce emissions and as such it could form a growth strategy.
The second key point according to NYK is strengthening corporate governance:
Transparent decision-making and thorough compliance measures remain critical. Our group has performed exceptionally well for the past two to three years, with no major scandals. The fact shows that strengthening governance is extremely important
Mr. Nagasawa explained.
Thirdly, the company will give emphasis to the work environment, in order to create one where “staff can work with a high level of awareness and spontaneity in terms of human rights, gender, work style, and workplace environment”.
As for NYK’s current medium-term plan, it runs to the end of this year, with Mr. Nagasawa noting that “we have almost achieved the goals of this medium-term plan and are now working on the formulation of the medium-term plan starting from the next fiscal year. The period covered will be until around 2030.”
