TIM eMagazine Vol.3 Issue 11
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YK has received the Green Bond Award at the 2018
Sustainable Finance Awards held by the Research Insti-
tute for Environmental Finance (RIEF), which promotes
“green finance” to address environmental issues. The
awards ceremony was held on January 23 and attended
by Katsuya Nakano, general manager of NYK’s Finance
Group.
The Sustainable Finance Awards recognize the out-
standing success of financial institutions and compa-
nies that promote the growth of sustainable finance and green finance in
the Japanese market. This is the fourth time for these awards to be held.
NYK was acclaimed for not only becoming the world’s first company to
issue labelled green bonds in the global shipping business sector but also
the company’s commitment to participate in a shipping industry working
group to be established by the Climate Bonds Initiative* and cooperate
in formulating evaluation criteria for green bonds issued by shipping
companies.
NYK will continue its efforts to keep a wide range of stakeholders
involved in the company’s proactive approach to environmental invest-
ment, contribute to revitalizing the domestic green bond market, and
realize a sustainable society.
* CBI (Climate Bonds Initiative)
An international, investor-focused not-for-profit working to mobilize
bond markets for climate change solutions. It also provides a journal of
record for relevant bond issuance, develops Green Bond evaluation crite-
ria such as the Climate Bonds Standard, and provides policy proposals to
government, finance, and industry sectors.
Website: https://www.climatebonds.net/
- About the NYK Green Bonds
In accordance with its medium-term management plan “Staying Ahead
2022 with Digitalization and Green,” the company issued green bonds in
May this year to contribute to the sustainable development of society and
enrichment of the company's corporate value.
NYK Receives
Green Bond
Award at 2018
Sustainable
Finance Awards
Award presented to Katsuya
Nakano, general manager of
NYK’s Finance Group
Credit : nyk.com
Yuichi Shirane,
deputy manager
of NYK’s Corporate
Finance Team made
a presentation about
the green bond
To address environmental regulations that will be strengthened from
2020, the green bonds will be used to construct vessels powered by liq-
uefied natural gas (LNG), develop eco-friendly fuel, equip ships with SOx
scrubber systems (a system that uses seawater and chemicals to remove
sulfur from ship exhaust gases), etc. www.nyk.com
Credit : nyk.com
NYK will continue its efforts to keep a
wide range of stakeholders involved in
the company’s proactive approach to
environmental investment, contribute
to revitalizing the domestic green bond
market, and realize a sustainable society.
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