NSK Ltd.
Corporate Communications Department
NSK Joins the 30by30 Alliance for Biodiversity and the TNFD Forum
NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Akitoshi Ichii) announced today that it has joined the 30by30 Alliance for Biodiversity, an initiative led by Japan’s Ministry of the Environment, as well as the global TNFD Forum, which supports the international efforts of the Taskforce on Nature-related Financial Disclosures (TNFD).
The Ministry of the Environment’s 30by30 Alliance for Biodiversity aims to halt and reverse biodiversity loss in pursuit of a nature-positive future. The initiative seeks to effectively conserve more than 30% of Japan’s land and marine areas as healthy ecosystems by 2030.
The TNFD is an international initiative promoting a framework for identifying and disclosing risks and opportunities related to nature and biodiversity. The TNFD Forum is a global community of companies, organizations, and institutions with diverse expertise that supports the development of this framework by sharing the latest information and insights.
Through its participation in these initiatives, NSK is committed to advancing a nature-positive future by evaluating the environmental impact of its business activities, identifying risks related to nature loss, and ensuring the transparent and responsible disclosure of this information. NSK will also collaborate with stakeholders across the entire value chain to advance the conservation of natural capital and biodiversity. The goal is to help build a sustainable world while further enhancing NSK’s corporate value.
30by30 logo TNFD Forum logo
Reference: NSK’s Efforts to Enhance Biodiversity
To help promote a nature-positive future*1, the NSK Group has established the NSK Biodiversity Guidelines*2 ,which outline the Group’s basic policies and action principles for biodiversity conservation. These guidelines help NSK better understand the impacts of its business activities on biodiversity and shape its efforts to minimize negative impacts while promoting positive ones.
The NSK Group also engages in a wide range of biodiversity-related social contribution activities around the world. These include protecting endangered species, carrying out tree-planting initiatives, conserving traditional rural satoyama landscapes, protecting habitats and species designated as natural monuments in Japan, and supporting coastal conservation efforts.
1 Nature-positive activities: Efforts to support the recovery of nature by halting and reversing biodiversity loss
2 NSK Biodiversity Guidelines: Established in October 2010
About NSK
NSK produced the first bearings in Japan in 1916 and over the past 100 years, it has supported the development of industries worldwide by creating various innovative products and technologies in bearings, automotive parts, and precision machinery. Since the early 1960s, the company has expanded overseas and now has operations in about 30 countries. It ranks third in the world in the field of bearings and leads the world in ball screws, electric power steering, and other products.