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

<p style="text-align: center;"><img src="/ueditor/php/upload/image/20230530/1685444684252553.png" title="1685444684252553.png" alt="2.png"/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Achieved Scope 1 and Scope 2 carbon neutrality at NSK&#39;s headquarters and R&amp;D facilities in China in fiscal 2022, a first for NSK globally.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">By 2035, NSK further aims to achieve carbon neutrality (Scope 1/2) at all sites in China and globally, including manufacturing.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">NSK has achieved Scope 1 and Scope 2 carbon neutrality at NSK&#39;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.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">On April 24, the Shanghai Environmental Energy Exchange Carbon Neutral Operation Center awarded NSK China headquarters and R&amp;D facilities with Scope 1 and Scope 2 “Carbon Neutral Certificates” for fiscal 2022.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">This is the first time globally that NSK has achieved Scope 1 and Scope 2 “Carbon Neutral” status.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Background</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">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.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">In NSK&#39;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&nbsp;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.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">In China, NSK has been accelerating the reduction of CO2&nbsp;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.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Comment from Yu Guoping, President &amp; CEO of NSK China：</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">The achievement of Scope 1 and Scope 2 carbon neutrality by NSK China headquarters and R&amp;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&nbsp;emissions by 2026 compared to fiscal 2017, and to achieve carbon neutrality at all of NSK plants in China and otherwise by 2035.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">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.</span></p><p><br/></p>