NYK Green Bonds Issue a Global Shipping First
By Joseph R Fonseca
Tuesday, April 17, 2018
NYK will publicly offer Green Bonds (Unsecured Corporate Bonds No.40) within the Japanese domestic market in May, becoming the world’s first company to issue labelled Green Bonds in global shipping business sector.
A green bond is one in which the proceeds are used solely for the purpose of funding environment-friendly projects. NYK’s new medium-term management plan “Staying Ahead 2022 with Digitalization and Green” positions the company to integrate environmental, social, and governance (ESG) principles into management strategies to contribute to the sustainable development of society and enrichment of the company’s corporate value.
NYK plans to use the net proceeds of the Green Bonds to expand the company’s resources for the procurement of funds, as well as keep a wide range of stakeholders involved in the company’s proactive approach to environmental investment.