In September 2021, the NYK Group announced its own new long-term greenhouse gas reduction target of “achieving net-zero emissions by 2050”.
The new target will initially cover only the international maritime shipping business, but achieving this target will require huge environmental investments and research and development. It is also essential that we obtain the understanding and cooperation of all stakeholders, including the shipyards, ship-equipment manufacturers and customers.
Moreover, to secure a stable supply system for next-generation fuels, we need to work together with various groups and companies, as well as establish port infrastructure on a global scale.
We have reached the conclusion that as a leading company in the international maritime industry, the NYK Group has an obligation to play a prominent role in these activities and be a strong driver of forward progress.
As I have stated many times before, companies that do not sincerely address this issue will cease to exist. Based on a strong determination to do whatever it takes to achieve net-zero emissions by 2050, we intend to take on the challenge of this difficult issue.