NSK : Achieves Carbon Neutrality at Headquarters and R&D in China

• Achieved Scope 1 and Scope 2 carbon neutrality at NSK's headquarters and R&D facilities in China in fiscal 2022, a first for NSK globally.
• By 2035, NSK further aims to achieve carbon neutrality (Scope 1/2) at all sites in China and globally, including manufacturing.

NSK has achieved Scope 1 and Scope 2 carbon neutrality at NSK's China headquarters, NSK China Investment Co. By 2035, we aim to achieve Scope 1 and Scope 2 carbon neutrality at all of our sites in China and globally, including at all manufacturing plants.

On April 24, the Shanghai Environmental Energy Exchange Carbon Neutral Operation Center awarded NSK China headquarters and R&D facilities with Scope 1 and Scope 2 "Carbon Neutral Certificates" for fiscal 2022.

This is the first time globally that NSK has achieved Scope 1 and Scope 2 "Carbon Neutral" status.

As part of its corporate philosophy, NSK has long pursued protecting the global environment, and in recent years has been enhancing efforts and promoting ESG management throughout the NSK Group.

In NSK's Mid-Term Management Plan that began in fiscal 2022, NSK has set the goal of achieving Scope 1 and Scope 2 carbon neutrality (virtually zero CO₂ emissions) by 2035, and through technology development, production, and environmentally friendly products and services, we will contribute to the realization of a carbon neutral society.

In China, NSK has been accelerating the reduction of CO₂ emissions by installing solar panels, switching to electricity derived from renewable energy sources, introducing high-efficiency production equipment, and utilizing energy-efficient air conditioning and lighting.

Comment from Yu Guoping, President & CEO of NSK China：

The achievement of Scope 1 and Scope 2 carbon neutrality by NSK China headquarters and R&D facilities in fiscal 2022 is just the first step toward carbon neutrality of NSK globally. We will continue to strengthen our efforts to achieve a 50% reduction in CO₂ emissions by 2026 compared to fiscal 2017, and to achieve carbon neutrality at all of NSK plants in China and otherwise by 2035.

NSK China is additionally supporting business partners to achieve carbon neutrality through NSK technological capabilities, thereby promoting the transformation to a low-carbon economy and contributing to a greener, healthier, and more sustainable society.

NSK began its journey manufacturing the first bearings in Japan in 1916, and has since developed into a global organization researching, designing, and manufacturing Motion & Control™ solutions essential for mobility and industrial applications. NSK is the top supplier of bearings in Japan and is the third largest supplier in the world by market share.

Our responsive products and technologies enhance automotive performance and industrial productivity while reducing energy consumption to unprecedented low levels. In the early 1960s, we set our sights outside Japan and have established over 200 business locations in 30 countries alongside a vast network of joint ventures and partnerships in all corners of the world.