Sustainability Linked Loan
NYK has been working to deepen its ESG financing as part of its ESG management, starting with the issuance of the world's first green bond by an ocean shipping company in May 2018.
NYK will continue its efforts to keep a wide range of stakeholders involved in the company's proactive approach to environmental investment as the company makes efforts to contribute to realizing a sustainable society through technology that lessens environmental burdens.
- More Information:
Syndicated Sustainability Linked Loan (Arranged in November 2019)
| Agreement date | November 29, 2019 |
|---|---|
| Type | Revolving credit facility (Commitment line) |
| Arranger/Agent | MUFG Bank, Ltd. |
| Participating financial institutions | The Norinchukin Bank Mizuho Bank, Ltd. Sumitomo Mitsui Banking Corporation MUFG Bank, Ltd. |
| Total amount | 50 billion yen |
| Period | 5 years from November 29, 2019, to November 29, 2024 |
| Use of proceeds | Business fund |
| SPT | Maintain a high evaluation in CDP's* Borrower's disclosure score for climate change |
| Third-Party Opinion |
- *CDP (formerly Carbon Disclosure Project)
An international non-profit that drives companies and governments to address environmental issues such as climate change. Since 2003, CDP has been sending out questionnaires every year to major companies around the world to collect corporate environmental information, such as carbon emission amount and actions for climate change, to assess management risk related to climate change. CDP then uses a standardized methodology to give each company a score.
Sustainability Linked Loan from THE SHIGA BANK,LTD. (Arranged in February 2021)
| Agreement date | February 5, 2021 |
|---|---|
| Type | Term Loan Agreement |
| Arranger/Agent | THE SHIGA BANK, LTD. |
| Total amount | 50 million US Dollar |
| Period | 4 years from February 5, 2021, to February 5, 2025 |
| Use of proceeds | Business fund |
| SPT | Obtain a high rating on the CDP Climate Change Score |
| Third-Party Opinion |
Sustainability Linked Loan from Sumitomo Mitsui Banking Corporation (Arranged in March 2021)
| Agreement date | March 31, 2021 |
|---|---|
| Type | Revolving Credit Facility (Commitment Line) |
| Lender | Sumitomo Mitsui Banking Corporation |
| Total amount | USD 600 million |
| Period | 5 years |
| Use of proceeds | Business fund |
| SPT | Maintain high rating in CDP Climate Change Score |
| Third-Party Opinion |