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ClassNK verifies Japanese operator’s entire value chain emissions

ClassNK has conducted a third-party verification of GHG emissions from entire value chain – including Scope 3 emissions – of Japanese vessel operator NS United Kaiun Kaisha (NSU) and issued a GHG verification statement.

With the increasing importance of ESG in corporate management, more companies are becoming aware of sustainable environmental management, including initiatives for decarbonisation. Many are proactively disclosing their GHG emissions and reduction initiatives in accordance with the ISO14064 series (international standard for the calculation, reporting and verification of GHG emissions) and other standards. In recent years, stakeholders such as cargo owners in the maritime industry have increasingly appreciated the importance of estimating GHG emissions generated not only from the company itself, but from the entire value chain of corporate activities.

NSU has calculated its Scope 1 and Scope 2 emissions –direct and indirect GHG emissions from its corporate group – and Scope 3 emissions – GHG emissions from the entire value chain of the group – for the period between the 1st of January 2019 to the 31st of December 2020, in accordance with ISO14064-1.

ClassNK conducted a third-party verification of NSU’s GHG emissions report in accordance with ISO14064-3 and issued a verification statement to the effect that the calculation of GHG emissions detailed in NSU’s report complied with the level of assurance required by the international ISO14064 standard series.