Nippon Yusen

Nippon Yusen, a Japanese company in the sea and coastal water transportation services industry, reported approximately 31.5 billion kg CO2e in total emissions for 2024. This included Scope 1 emissions of about 11.14 billion kg CO2e, Scope 2 emissions of approximately 82.4 million kg CO2e, and Scope 3 emissions totalling around 20.35 billion kg CO2e.

The company has set several climate commitments. Nippon Yusen aims to achieve net-zero greenhouse gas emissions by 2050 across all scopes. This includes a near-term target to reduce Scope 1 and 2 absolute emissions by 45% by fiscal year 2030, using a fiscal year 2021 baseline. Additionally, the company is committed to intensity-based reductions for its ships, aiming for a 30% reduction in Scope 1 CO2 emissions per ton-kilometre by 2030 and a 50% reduction by 2050, both against a 2015 baseline. These Scope 1 and 2 targets have been validated by the Science Based Targets initiative (SBTi) as consistent with reductions required to keep warming to 2°C.