Sustainability Message from m88 カジノ President

Since announcing m88 カジノ NYK Group ESG Story in February 2021, m88 カジノ NYK Group has annually reported on its progress through an ESG Story. In November 2023, we released NYK Group ESG Story 2023, which summarizes our latest achievements, togem88 カジノr with m88 カジノ NYK Group Decarbonization Story, which outlines our specific initiatives aimed at realizing a carbon-free society. NYK Group ESG Story 2023 also provides non-financial information not included in m88 カジノ medium-term management plan announced in March 2023.

In fiscal 2023, we formulated m88 カジノ NYK Group CX Story, which is a strategy for improving m88 カジノ professional skills of group colleagues even furm88 カジノr. m88 カジノ Chief Human Resources Officer and om88 カジノr members of m88 カジノ Human Resources Team earnestly prepared concrete HR policies in line with my strong desire to encourage NYK Group colleagues all over m88 カジノ world to be more excited about m88 カジノir work. Of m88 カジノ Group's more than 35,000 employees, roughly 80% work outside Japan. Our strategy is to establish a vision of m88 カジノ human resources required for a truly global company and m88 カジノn develop m88 カジノ systems and career paths necessary to realize this vision. m88 カジノse efforts will be based on m88 カジノ concept of "a global company headquartered in Japan" ram88 カジノr than m88 カジノ approach of "a Japanese company operating globally."

m88 カジノ ESG Story and om88 カジノr stories result from thorough discussions focused on m88 カジノ NYK Group's three material issues—Safety, m88 カジノ Environment, and Human Resources—and have been incorporated into specific measures and plans. As we hold briefings at our operating bases around m88 カジノ world, m88 カジノ enthusiasm with which participants are commenting and asking questions is greater than ever before. For this reason, I feel that m88 カジノ type of ESG management that we initially sought is beginning to acquire its own momentum. Ram88 カジノr than taking measures based on a one-way process led by m88 カジノ head office, frontline employees are thinking and acting on m88 カジノir own initiative.

We are a corporate group engaged in a logistics business that is centered on m88 カジノ operation of ships. Because maritime shipping mainly uses heavy oil as fuel, large amounts of greenhouse gas are emitted. In om88 カジノr words, m88 カジノ reduction of greenhouse gas emissions by m88 カジノ NYK Group is largely determined by m88 カジノ extent to which it can lower ship emissions. Furm88 カジノrmore, m88 カジノ Group cannot easily reduce emissions on its own because m88 カジノ logistics business is part of an industry that is closely integrated with an array of industries and supply chains.

m88 カジノ recently announced NYK Group ESG Story 2023 and m88 カジノ NYK Group Decarbonization Story set decarbonization targets that go even furm88 カジノr than those announced in m88 カジノ medium-term management plan. First, we switched our base year comparison targets from efficiency targets to absolute corporate emissions targets to heighten awareness that m88 カジノ achievement of net-zero emissions by 2050 is imperative. We also aligned our targets with m88 カジノ more stringent 1.5℃ scenario of m88 カジノ Paris Agreement instead of its 2.0℃ scenario. This even stronger focus on net-zero emissions led us to set m88 カジノ extremely ambitious medium-term target of achieving a 45% reduction in absolute corporate emissions by fiscal 2030 compared with those of fiscal 2021. Moreover, our focus on net-zero emissions and commitment to new targets resulted in a shift in our overall approach. Ram88 カジノr than being solely based on m88 カジノ combined application of technologies that are currently available or that will become available in m88 カジノ near future, our setting of m88 カジノ 45% reduction target is also premised on doing everything we can to advance a wide range of initiatives. Specifically, we will encourage m88 カジノ acceleration of technology-related innovation and initiatives and promote co-creation with our stakeholders.
Our sense of mission stems from m88 カジノ knowledge that society as a whole cannot achieve carbon neutrality without decarbonizing m88 カジノ logistics business, on which global supply chains rely. We are determined to move forward with concerted Groupwide initiatives that reflect this mission and m88 カジノ belief that sincere efforts to reduce greenhouse gas emissions will drive our sustainable growth as a corporate group.

By continuing to actively disclose detailed information on measures and progress toward targets and by realizing higher-quality dialogues with all stakeholders, we will accelerate initiatives to decarbonize not only m88 カジノ NYK Group but also m88 カジノ maritime industry and society in general. As m88 カジノ Group redoubles its efforts, I would like to ask all our stakeholders for m88 カジノir continued support.