OUR ACHIEVEMENTS TO DATE AND ONGOING PROJECTS
FEATURE 3: Environmental targets
Sustainability is at the core of our corporate activities and is valued by our various stakeholders. The transport sector is the largest emitter of greenhouse gases in the UK industry* and as well as fulfilling our responsibilities as a corporate citizen, we need to provide more green solutions to contribute to a sustainable society and business through our services, and to remain the choice of all our stakeholders, including our customers.
The 2015 Paris Agreement, is an overarching goal to hold “the increase in the global average temperature to well below 2°C above pre- industrial levels” and pursue efforts “to limit the temperature increase to 1.5°C above pre- industrial levels.” source: United Nations Climate Change. Scientists predicted that exceeding the 1.5°C threshold risks severe climate change impacts such as more frequent and severe droughts, heatwaves & rainfall impacting humans, wildlife and ecosystems. To keep the temperature increase below 1.5°C, global CO 2 must be halved by 2030 compared to 2010 levels and virtually zero by 2050. In 2021 and 2022, Yusen Logistics and its parent company, NYK Line, decided to aim for net zero emissions by 2050 in their ocean shipping and logistics operations. In 2023, NYK and Yusen Logistics plan to jointly apply for certification under the Science Based Targets (SBT) initiative as targets based on scientific evidence. For the third year in a row, the international non- profit organisation CDP has awarded the NYK Group an 'A-List' company for climate change, recognising the company's outstanding climate change response and strategy. Yusen Logistics' logistics business was also comprehensively evaluated, including its efforts to reduce GHG emissions, with the GHG reduction target to achieve net zero emissions for all services provided to
Mitch Kobayashi Statutory Director Sustainability
* 2022 UK greenhouse gas emissions: provisional figures - statistical release (publishing.service.gov.uk)
The greenhouse gas emission reduction targets set by the NYK Group were accredited in 2018 as a science-based target (2.0°C target by 2030, i.e. a reduction of at least 2.5% annually) by the international initiative, the Science Based Target (SBT) Initiative. In FY 2023, a reassessment certification is planned for Scope 1 including Yusen Logistics, at the 1.5°C level (reduction of at least 4.2% each year).
customers by 2050".
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September 2023
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