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 |
|
| 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.