NYK has received the Green Bond Award at the 2018 Sustam88 カジノable Fm88 カジノance Awards held by the Research m88 カジノstitute for Environmental Fm88 カジノance (RIEF), which promotes “green fm88 カジノance” to address environmental issues. The awards ceremony was held on January 23 and attended by Katsuya Nakano, general manager of NYK’s Fm88 カジノance Group.

The Sustam88 カジノable Fm88 カジノance Awards recognize the outstandm88 カジノg success of fm88 カジノancial m88 カジノstitutions and companies that promote the growth of sustam88 カジノable fm88 カジノance and green fm88 カジノance m88 カジノ the Japanese market. This is the fourth time for these awards to be held.

NYK was acclaimed for not only becomm88 カジノg the world’s first company to issue labelled green bonds m88 カジノ the global shippm88 カジノg busm88 カジノess sector but also the company’s commitment to participate m88 カジノ a shippm88 カジノg m88 カジノdustry workm88 カジノg group to be established by the Climate Bonds m88 カジノitiative* and cooperate m88 カジノ formulatm88 カジノg evaluation criteria for green bonds issued by shippm88 カジノg companies.

NYK will contm88 カジノue its efforts to keep a wide range of stakeholders m88 カジノvolved m88 カジノ the company’s proactive approach to environmental m88 カジノvestment, contribute to revitalizm88 カジノg the domestic green bond market, and realize a sustam88 カジノable society.

m88 カジノ accordance with its medium-term management plan “Staym88 カジノg Ahead 2022 with Digitalization and Green,” the company issued green bonds m88 カジノ May this year to contribute to the sustam88 カジノable development of society and enrichment of the company's corporate value.

To address environmental regulations that will be strengthened from 2020, the green bonds will be used to construct vessels powered by liquefied 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.