First Transition Bonds Issued in Japan

NYK claims it would expedite its greenhouse gas emission reduction by issuing $183 million in transition bonds to acquire diverse funding resources for low carbon, decarbonization solutions. 

Japan’s Ministry of Economy, Trade, and Industry has chosen this issue as the first model case for transition finance. 

Transition bonds are a relatively new type of financing instrument designed to fund a company’s transition to a smaller carbon footprint or lower environmental effect. 

NYK became the first shipping business in the world to issue branded Green Bonds in the maritime sector in 2018.