May 02, 2013
TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the company has received an SMBC Sustainability Assessment Loan from Sumitomo Mitsui Banking Corporation (SMBC), based on a superior evaluation of its environmental, social, and corporate governance activities.
SMBC Sustainability Assessment Loans evaluate corporate actions such as disclosure of environmental, social, and governance (ESG) information, all of which require companies to take a careful and responsible approach to developing business activities, and initiatives on sustainability, based on unique assessment criteria developed by Sumitomo Mitsui Banking Corporation and Japan Research Institute, Limited, and sets loan conditions according to the results of the evaluation.
The term "sustainability" is used in various situations from global society to corporate activities. In general, corporate sustainability refers to corporate initiatives that are essential to earning the trust of society and ensuring long-term business success while protecting the global environment and contributing to sustainable worldwide growth.
MOL won specific praise for timely and accurate disclosure of ESG issues and for its initiatives on sustainability, especially on the following three items: "Reduction of the environmental burden in business activities," "Caring for the global community," and "CSR management."
MOL consistently takes a proactive stance in disclosure of ESG information and initiatives on sustainability, with the aim of achieving deeper understanding and higher trust among the financial community and other stakeholders.
In fulfilling its mission as an ocean shipping company - supporting both communities and industries - MOL positions social responsibility as a top priority by maintaining the highest standards of safe operation and contributing to global environmental protection.