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Top Page > Sustainability > Sustainability Management > Sustainable Finance

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Sustainable Finance

  • Funds allocation status and Environmental improvement effect for Green Bonds as of August 2019(20th and 21st series unsecured corporate bonds)
  • Funds allocation status and Environmental improvement effect for Sustainability Bonds as of end of March 2020(22th, 23th and 24th series unsecured corporate bonds)

Funds allocation status and Environmental improvement effect for Green Bonds as of August 2019(20th and 21st series unsecured corporate bonds)

Funds allocation report

All funds from bonds issue have been allocated for eligible projects as below.

Sub-groups Projects categories Amount(100 million yen)
Regulation response Ballast Water
Treatment System
55
SOx Scrubber 22
LNG related LNG Bunkering Vessels 14
LNG-fuelled Vessels (Tugboat) 7
Upgraded PBCF and
Wind Challenger Project
Upgraded Propeller Boss Cap Fins 2
Wind Challenger Project 0
Total (Note 1) 100

(Note 1) Refinancing ratio: 48%

Environmental impact report

Projects categories Reporting indicator
Ballast Water
Treatment System
Number of Ballast Water
Treatment System installed
54 vessels
Volume of treated ballast water 4,118,600mt/54 vessels total/year
SOx Scrubber Number of systems installed 4 vessels
SOx emission reduction 86%
LNG Bunkering Vessels Number of LBVs financed and entered into operations Under construction
LNG-fuelled Vessels
(Tugboat)
Number of LNG-fuelled Vessels financed and entered into operations 1 vessel
GHG emission 1,248mt/vessel/year
GHG emission reduction 15%
CO2 emission reduction 25%
NOx emission reduction 80%
SOx emission reduction 99%
Upgraded Propeller
Boss Cap Fins
Number of PBCF financed and entered into operations 35 vessels
Energy saving effect 5%
Avoided GHG emissions 43700mt/35 vessels total/year
CO2 emission reduction 5%
NOx emission reduction 5%
SOx emission reduction 5%
Wind Challenger Project Number of Wind Challenger financed and entered into operations N/A
Future plans MOL will select a vessel to equip with sails within fiscal 2019, aiming to start operation in 2022

Funds allocation status and Environmental improvement effect for Sustainability Bonds as of end of March 2020(22th, 23th and 24th series unsecured corporate bonds)

Funds allocation report

All funds from bonds issue have been allocated for eligible projects as below.

Sub-groups Projects categories Amount(100 million yen)
Social-Related Establishment of Philippine University of Merchant Shipping 44
Workplace Reform 2
Regulation response Ballast Water Treatment System 40
SOx Scrubber 92
LNG related LNG Bunkering Vessels 20
LNG-fueled Vessels(Tugboat) 1
Upgraded PBCF and Wind Challenger Project Upgraded Propeller Boss Cap Fins 1
Wind Challenger Project 0
Total (Note 2) 200

(Note 2) Refinancing ratio: 38%

Environmental impact report

Projects categories Reporting indicator
Establishment of Philippine University of Merchant Shipping Quantitative indicators such as the number of students and graduates, and qualitative effects
  • Current students: 289 first graders / 284 second graders (The first graduates will be from 2022)
  • Securing high-quality seafarers, backed by high education
  • Securing Filipino employment and human resource development
  • Contribution to the development of the shipping industry in the Philippines
Workplace Reform Questionnaire survey for pilot office residents (Note 3) Productivity: 15% increase
Ease of dialogue: 7% increase
Creativity: 3% increase
As shown above, the degree of satisfaction with indicators related to work efficiency and job satisfaction has improved.
Behavioral survey using sensors (Note 4) Regarding employees at the pilot office:
Own seat: 16% decrease
Meeting room: 6% decrease
Common area: 15% increase
Concentrated seats: 9% increase
As described above, we have checked the working environment situation.
Introduction of universal design toilet Completed in June 2019. Improves the ease of access for people with difficulties, such as those with disabilities, pregnant women, etc.
Ballast Water Treatment System Number of Ballast Water Treatment System installed 34 vessels
Volume of treated ballast water 6,999,200mt/34 vessels total/year
SOx Scrubber Number of systems installed 17 vessels
SOx emission reduction 86%
LNG Bunkering Vessels Number of LBVs financed and entered into operations Under construction
LNG-fueled Vessels(Tugboat) Number of LNG-fueled Vessels financed and entered into operations 1 vessel
GHG emission 1,248mt/vessel/year
GHG emission reduction 15%
CO2 emission reduction 25%
NOx emission reduction 80%
SOx emission reduction 99%
Upgraded Propeller Boss Cap Fins Number of PBCF financed and entered into operations 14 vessels
Energy saving effect 5%
Avoided GHG emissions 16,528mt/14 vessels total/year
CO2 emission reduction 5%
NOx emission reduction 5%
SOx emission reduction 5%
Wind Challenger Project Number of Wind Challenger financed and entered into operations N/A
Future plans Aiming to launch a newbuilding vessel equipped with a hard sail by fiscal year 2022. That would reduce the vessel's GHG emissions by about 5% on a Japan-Australia voyage, and by about 8% on a Japan-North America West Coast voyage.

(Note 3) In April 2019 before moving in, and in September 2019, four months after moving in, we conducted a satisfaction survey of employees at the pilot office regarding "Productivity", "Ease of dialogue", and "Creativity".

(Note 4) From April 19 to May 19 before moving in and from July 19 to September 19 after moving in, we conducted a behavioral survey of all employees working at the head office.

  • Sustainability
    • Sustainability Management
      • Sustainability Issues (Materiality)
      • Sustainable Finance
    • Safety & Value
      Provide added value through safe transportation and the social infrastructure business
    • Environment
      Conservation for Marine and global environment
    • Human & Community
      Contributing to the growth and development of people and communities
    • Innovation
      Innovation for development in marine technology
    • Governance
      Governance and compliance to support businesses
    • External Recognition
    • Sustainability Data
    • GRI STANDARDS INDEX
    • MOL Report (to IR Library)
      Safety, Environmental and Social Report (Back Issues)
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