Yusen Logistics (UK) Sustainability Report 2023

OUR NEXT STEPS

In March 2023, Yusen Logistics UK set medium and long-term Green House Gas emissions reduction targets to decarbonise through green service delivery and in our own operations, in line with our aim to achieve net zero emissions for all services provided by 2050 at a global level.

The integration of rail to truck will realise a highly effective decarbonisation service for our UK and intra-European delivery network and will alleviate ongoing driver shortages.

We will promote the use of sustainable fuels (SAF) in our global air shipments and launch a mixed container service with carbon credits in our ocean shipment services.

Our property strategy is to actively source ’excellent’ class warehouses to reduce our environmental impact.

We plan to phase- out of diesel engines and switch to alternative fuel vehicles to align with our customers' business models

Overall GHG emissions and priorities NYK, our parent company, annually calculates and publishes Scope 1, 2 and 3 emission following the GHG Protocol, the international standard for calculating and disclosing greenhouse gas emissions, based on data collected from its group companies including Yusen Logistics. NYK has received verification by a third-party organisation and a certificate of guarantee. They have further improved the disclosure data and added GHG emissions from ocean transport and international air transport to Category 1 (purchased products and services) of Scope 3 from FY2021. Scope 1 & 2 emissions are the group's own GHG emissions. In contrast, Scope 3 refers to emissions in value chains outside the Group. Yusen Logistics will first prioritise the reduction of its own GHG emissions (Scope 1 & 2), and by FY2023, together with NYK, will set clear reduction targets based on scientific evidence (SBT 1.5°C Initiative certification) and steadily achieve its long-term goals for reducing environmental impact.

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September 2023

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