“K”Line’s CO2 Reduction Target Certified as “Science Based Target”

February 15, 2017 – “K” Line’s CO2 reduction targets were approved to be scientifically consistent with the level achieving to the “Paris Agreement” set binding 2℃ goal for rise of global temperature and obtained certification from an international initiative, Science Based Target Initiative (SBTi). In March 2015, we introduced our long-term environmental vision,“K” LINE Environmental Vision 2050 “Securing Blue Seas for Tomorrow” and set an environmental target to reduce CO2 emissions from our operating ships by half before 2050 as one of our counter-measures against global warming. At this juncture, we set the interim target to reduce CO2 emissions by 10% for 2019 and successfully accomplished ahead of schedule the target in 2015 and set a new interim target to reduce CO2 emissions by 25% for 2030. At this time, this milestone has been certified with SBTi. SBTi is a joint initiative established by CDP*4 and other organizations in order to promote the achievement of science-based emission-reduction targets for greenhouse gases, and the existence of SBT is adopted as a part of evaluation item in CDP. As of 13 Feb, 2017, 211 of the major companies around the world have declared to set SBT, in their companies, including ”K” Line, of which 35 companies’ targets have already been certified by SBTi.