Reducing Scope 3 Emissions Through Ocean Cargo Forwarding Services

NX GLOBAL OCEAN NETWORK PTE. LTD.

Environmental Value

NX GLOBAL OCEAN NETWORK PTE. LTD. ("NXGO"), a ocean cargo forwarder within NX GROUP, works in close collaboration with NIPPON EXPRESS HOLDINGS,INC. to GHG emissions associated with ocean transportation. In December 2023, NXGO procured and offset carbon credits equivalent to the total GHG emissions from all less than container load (LCL) ocean shipments issued under NXGO bills of lading, as part of company efforts to reduce Scope 3 emissions of the Group.

NXGO also joined the ocean cargo forwarding carbon insetting program in February 2025, initiated by Mitsui O.S.K. Lines, Ltd. ("MOL"), and introduced the NX-GREEN Ocean Program. The NX-GREEN Ocean Program is a new service that supports customers in reducing Scope 3 emissions. This service enables NX GROUP to allocate the GHG emission reductions and corresponding certificates acquired through MOL’s low-carbon shipping operations to customers working to reduce Scope 3 emissions. These customers can then reflect the reductions in their integrated reports. All international ocean cargo shipments under NXGO-issued bills of lading, regardless of origin or destination, are eligible for the NX-GREEN Ocean Program. NXGO is committed to addressing climate change through company ocean cargo forwarding operations to support a better quality of life and the development of a sustainable society.