NSK endorses recommendations in TCFD report

NSK, one of the world´s leading manufacturers of bearings, linear motion technologies and steering systems, has endorsed recommendations made in the final report of the Task Force on Climate-related Financial Disclosures (TCFD). Within the report, it is recommended that corporations disclose information on risks and opportunities related to climate change which impact upon finance. The TCFD was established by the Financial Stability Board (FSB), an international body that monitors and makes recommendations about the global financial system. 

As a business, NSK takes its corporate, social and environmental responsibilities very seriously. For instance, the company includes global environmental protection as part of its mission statement, has established environmental targets in its Mid-Term Management Plan, and is actively engaged in initiatives to prevent global warming, such as reducing CO2 emissions generated by its business activities and creating environmentally friendly products.

The endeavours of NSK in this area have recently been recognised by Japan´s Ministry of the Environment and the Global Environmental Forum¤ As part of the 23rd Environmental Communication Awards, the company received an excellence award for environmental communication in its NSK Report 2019. The report is designed to provide all stakeholders with a complete picture of the company and its initiatives to achieve sustainable growth over the mid-to-long term. NSK also publishes the ´NSK Sustainability Report´ to disclose the company’s relationship with the environment and society, and its extensive efforts in these areas.


Building on this award, and in accordance with the recommendations set out by the TCFD, NSK is now identifying business risks and opportunities brought on by climate change, adapting management plans, and enhancing information disclosure with the aim of contributing to both the sustainable development of society and the sustainable growth of the company.

Although NSK has been bolstering its ESG (environment, social and governance) initiatives in recent years, the company aims to use its declaration of support for the TCFD report as an opportunity to take its environmental activities to the next level.

Über die NSK Deutschland GmbH

NSK Europe Ltd. is the European organisation of the Tokyo-based bearing manufacturer NSK, which was founded in Japan in 1916 and today employs around 31,000 people in its worldwide operations. The products and solutions provided by the industrial and automotive supplier can be found wherever things move. In addition to nearly all types of rolling bearings, the company’s portfolio includes housed bearings, linear technology, wheel bearing units, transmission and engine bearings and steering systems. The company is oriented to perfection in all of its business activities. Its aim is quality leadership in its industry, which it strives for through a continuous process of improvement, excellent product development, optimised production processes and customer-oriented service processes.

www.nskeurope.com

Firmenkontakt und Herausgeber der Meldung:

NSK Deutschland GmbH
Harkortstrasse 15
40880 Ratingen
Telefon: +49 (2102) 4810
http://www.nskeurope.de

Ansprechpartner:
Marie-Dominique Pilath
Telefon: +49 (2102) 4811280
E-Mail: pilath-m@nsk.com
Kumiko Matsuo
Telefon: +34 (600) 780-385
E-Mail: k.matsuo@mepax.com
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