Green Bond Fact Sheet

NYK – Nippon Yusen Kaisha issued a JPY10bn green bond on 24 May 2018 to finance LNG-fuelled ships and related emission-reduction technologies. While the Climate Bonds Initiative included the bond in its database, it noted that LNG alone is insufficient for required emission cuts and emphasized the need for fuel efficiency optimisation and future-proofing vessels for renewable fuels to avoid fossil fuel lock-in.

• NYK – Nippon Yusen Kaisha issued a green bond on 24 May 2018 with a total amount of JPY10bn (approximately USD91.5m) and a maturity date of 24 May 2023.
• The proceeds from the bond are designated to finance and refinance specific maritime technologies, including SOx scrubber systems, ballast water management systems, LNG-bunkering ships, and LNG-fuelled ships.
• The Climate Bonds Initiative included the bond in its database based on NYK's commitment to operational data impact reporting, the adoption of fuel efficiency optimisation, and measures to minimize methane leakage, noting that switching to LNG alone is insufficient for necessary emission cuts.
• The Climate Bonds Initiative highlighted the risk of fossil fuel technology lock-in, suggesting that best practice for long-haul shipping involves designing vessels that can be easily retrofitted for renewable fuels in the future.

APA

Climate Bonds Initiative (2018). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2018-05%20JP%20Nippon%20Yusen%20Kaisha.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-05%20JP%20Nippon%20Yusen%20Kaisha.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=30 May 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-05%20JP%20Nippon%20Yusen%20Kaisha.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2018}, month = may, url = {https://www.climatebonds.net/files/drupal-files/files/2018-05%20JP%20Nippon%20Yusen%20Kaisha.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }