Nippon Yusen

Nippon Yusen (NYK), headquartered in JP and operating within the sea and coastal water transportation services industry, has reported its emissions and set significant climate commitments.

Emissions Data (kg CO2e):

• 2024: Total Scope 1 emissions were approximately 11.14 billion kg CO2e, with Scope 2 emissions at about 82.42 million kg CO2e. Scope 3 emissions were approximately 20.35 billion kg CO2e, with significant contributions from purchased goods and services (about 5.27 billion kg CO2e) and downstream leased assets (about 4.8 billion kg CO2e). The total combined Scope 1 and 2 emissions for 2024 were approximately 11.22 billion kg CO2e.
• 2023: Scope 1 emissions amounted to approximately 11.42 billion kg CO2e, and Scope 2 emissions were about 63.34 million kg CO2e. Scope 3 emissions totalled approximately 3.46 billion kg CO2e, with fuel and energy-related activities being a major component at about 1.59 billion kg CO2e.
• 2022: Scope 1 emissions were approximately 11.26 billion kg CO2e, and Scope 2 emissions were around 76.26 million kg CO2e. Scope 3 emissions were reported at about 3.26 billion kg CO2e, with fuel and energy-related activities accounting for approximately 1.55 billion kg CO2e.
• 2021: Scope 1 emissions were approximately 12.68 billion kg CO2e, and Scope 2 emissions (market-based) were about 45.39 million kg CO2e. Scope 3 emissions were approximately 3.9 billion kg CO2e, with fuel and energy-related activities representing about 1.73 billion kg CO2e.
• 2020: Scope 1 emissions were approximately 11.65 billion kg CO2e, and Scope 2 emissions (market-based) were about 49.44 million kg CO2e. Scope 3 emissions were approximately 1.62 billion kg CO2e, with fuel and energy-related activities contributing about 1.51 billion kg CO2e.
• 2019: Total emissions were approximately 14.25 billion kg CO2e, comprising about 13.36 billion kg CO2e of Scope 1 emissions and approximately 837.92 million kg CO2e of Scope 3 emissions. Scope 2 data was not disclosed for this year.

Climate Commitments and Reduction Targets:

NYK has established comprehensive targets for emissions reduction and carbon neutrality:

• Net Zero Emissions: The company aims to achieve net zero GHG emissions by 2050 across all scopes (Scope 1, 2, and 3). This long-term goal is supported by strategies including the use of biofuels and carbon offsets.
• Near-Term Reductions:
  • NYK has set a target to reduce Scope 1 and Scope 2 absolute corporate emissions by 45% by fiscal year 2030, using fiscal year 2021 as the baseline.
  • For its international shipping business, NYK is committed to reducing Scope 1 GHG emissions by 30% per ton-kilometre by 2030, with a 2015 baseline, and a further reduction of 50% per ton-kilometre by 2050. Similar intensity reduction targets are in place for Scope 2 emissions.
  • The company also aims to achieve net zero GHG emissions from its operational emissions by 2030.

These commitments reflect NYK's dedication to mitigating its climate impact within the global sea and coastal water transportation sector.