Potential offtaker

Nippon Yusen Kabushiki Kaisha

www.nyk.com

Estimated electricity consumption

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Countries of production presence

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Nippon Yusen Kabushiki Kaisha (NYK) is a leading Japanese marine shipping company that has been operating since 1885. The company has a long-standing reputation for providing high-quality shipping services to customers around the world. NYK operates a diverse fleet of vessels, including container ships, bulk carriers, tankers, and car carriers, among others. The company has a global presence, with offices and operations in over 240 locations across the world.

NYK is committed to sustainability and has set ambitious targets to reduce its carbon footprint. The company has pledged to achieve net-zero emissions by 2050 and is actively working towards this goal. To achieve decarbonisation, NYK is investing in new technologies and innovations that can reduce emissions from its fleet. The company is exploring alternative fuels such as LNG, biofuels, and hydrogen, and is also investing in energy-efficient vessels and equipment.

In addition to reducing its own emissions, NYK is also working with its customers and partners to promote sustainable practices across the industry. The company is a member of the Global Maritime Forum and is actively involved in initiatives to promote decarbonisation and sustainability in the shipping sector. NYK is also working with its customers to develop sustainable supply chain solutions that reduce emissions and promote renewable energy.

NYK is committed to corporate energy management and has implemented a range of measures to reduce its energy consumption and improve efficiency. The company has introduced energy-saving technologies and practices across its fleet, including optimized routing, slow steaming, and hull and propeller coatings. NYK has also invested in renewable energy, including solar power and wind turbines, to reduce its reliance on fossil fuels.

One of the ways NYK is promoting renewable energy is through corporate power purchase agreements (PPAs). The company has signed several PPAs with renewable energy providers to source electricity from wind and solar farms. These agreements not only help NYK reduce its carbon footprint but also support the growth of renewable energy in the regions where it operates.

NYK's commitment to sustainability and decarbonisation has been recognized by several industry awards and certifications. The company has been included in the Dow Jones Sustainability Index for five consecutive years and has received the highest rating from the Carbon Disclosure Project for its climate change and water security initiatives.

In conclusion, NYK is a leading Japanese marine shipping company that is committed to sustainability and decarbonisation. The company is investing in new technologies and innovations to reduce its carbon footprint and is working with its customers and partners to promote sustainable practices across the industry. NYK's commitment to renewable energy and corporate energy management is evident through its investments in solar power and wind turbines and its use of corporate PPAs. The company's efforts have been recognized by several industry awards and certifications, and it is well-positioned to lead the way towards a more sustainable future for the shipping sector.

✓ Science Based Targets member
✓ Declared Net Zero commitment