NSK Ltd.
Corporate Communications Department
NSK Submits Commitment Letter to Initiate SBTi Target Validation Process
NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Akitoshi Ichii) has submitted a Commitment Letter to the Science Based Targets initiative (SBTi),*1 an international organization addressing climate change. NSK aims to obtain target validation from the SBTi, to confirm that its greenhouse gas (GHG) emissions reduction targets—including those for CO₂—are aligned with Science-Based Targets*2
*1 An international initiative to promote global sustainability, which is jointly operated by four organizations — CDP (formerly the Carbon Disclosure Project), the United Nations Global Compact (UNGC), the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). It assesses corporate GHG reduction targets and verifies whether they are scientifically based and aligned with the goals of the Paris Agreement.
*2 GHG reduction targets set by companies based on scientific evidence and aligned with the levels required under the Paris Agreement.
NSK positions the achievement of carbon neutrality as a key management priority and aims to effectively achieve net-zero Scope 1 and Scope 2 CO₂ emissions by fiscal 2035, while also working to reduce emissions across the entire product life cycle, including Scope 3 emissions. To this end, NSK leverages its core technologies, including tribology, to pursue energy-saving activities and technological innovation that improve the efficiency of fuel and electricity use in its manufacturing processes, while also reducing CO₂ emissions by employing renewable energy. In addition, NSK provides customers with environmentally friendly products that contribute to sustainability by delivering compactness, weight reduction, and lower friction.
In addition, this summer NSK became the first in the industry to publish a carbon footprint of products (CFP) assessment report for bearings and ball screws, clearly disclosing the calculation conditions for CO₂ emissions across the entire product life cycle. Through such initiatives, the company has enhanced the transparency and credibility of its CO₂ reduction efforts. Building on these activities, NSK has now submitted a Commitment Letter to SBTi, stating its intent to pursue SBT verification.
Going forward, NSK will continue to base its actions on its carbon neutrality policy, striving to obtain SBT validation within two years while ensuring its GHG reduction plans are in line with the SBTi approach. By focusing on creating social value via its response to environmental challenges, NSK seeks to grow its business while helping to build a carbon-neutral world.
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.