Nippon Yusen KK

Based on consultation from the ESG Strategy Headquarters, while considering risks and opportunities presented by each business unit, the ESG Strategy Committee discusses risks and opportunities associated with environment-related issues, including climate change. The ESG Strategy Headquarters compiles the details on the matters discussed by the ESG Strategy Committee, and reports the same quarterly to the Directors and management personnel. [...] The Risk Management Committee comprises of the President, Chairman, Executive Officers who are chief executives, and full-time Audit & Supervisory Committee member, and manages and evaluates risks that could have a significant impact on the company-wide management. Risks associated with environment-related issues are integrated into company-wide risks and reported to the Board of Directors once a year through close cooperation between the ESG Strategy Headquarters and the Risk Management Committee.

Comprising the ESG Management Group and the Decarbonization Group, the ESG Strategy Headquarters was established in April 2023. The headquarters acts as the engine for implementing ESG management, which is at the core of the growth strategy in the medium-term management plan. With regulations regarding the reduction of greenhouse gas (GHG) emissions tightening and calls for the disclosure of non-financial information increasing, the issues concerning ESG matters are diversifying and closely linked to companies' long-term strategies. The two groups involve a wide range of concerned parties and work toward implementing ESG management for the NYK Group globally. In addition, the ESG Strategy Committee meets monthly, and the company's Management Meeting discusses ESG management and strategies and makes decisions. [...] For loans, review will be done at the lender's request.)

Comprising the ESG Management Group and the Decarbonization Group, the ESG Strategy Headquarters was established in April 2023. The headquarters acts as the engine for implementing ESG management, which is at the core of the growth strategy in the medium-term management plan. With regulations regarding the reduction of greenhouse gas (GHG) emissions tightening and calls for the disclosure of non-financial information increasing, the issues concerning ESG matters are diversifying and closely linked to companies' long-term strategies. The two groups involve a wide range of concerned parties and work toward implementing ESG management for the NYK Group globally. In addition, the ESG Strategy Committee meets monthly, and the company's Management Meeting discusses ESG management and strategies and makes decisions. [...] For loans, review will be done at the lender's request.)

###### Nature-Related Advocacy and Engagement\n\n**Advocacy and Engagement**\n\nThe NYK Group takes part in the creation of international rules for the maritime shipping industry. The IMO, the policymaker for the entire international maritime shipping industry, has been involved in developing environmental rules such as those made under the International Convention for the Prevention of Pollution from Ships (MARPOL Convention) and the International Convention for the Control and Management of Ships' Ballast Water and Sediments. As the representative of the Japanese Shipowners' Association, the NYK Group plays an active role in IMO discussions on the nature and content of environmental regulations for ships from the standpoint of shipowners and operators.\n\nIn addition, in April 2023, the NYK Group became the first Japanese shipping company to join the World Business Council for Sustainable Development (WBCSD). The WBCSD has identified three critical challenges that demand urgent action—climate emergency, nature loss, and mounting inequality—and is currently working with the United Nations, governments, and NGOs to address these issues.\n\nBefore engaging with policymakers or industry associations, we carefully examine whether their actions are consistent with our relevant nature-related strategies before making a decision on whether or not to proceed.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes