TIM eMagazine Volume 3 Issue 11 | Page 25

TIM eMagazine Vol.3 Issue 11 N 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. 25