NTN Supports TCFD Recommendations
NTN Corporation (hereafter, NTN) has expressed its support of recommendations from “Task Force on Climate-related Financial Disclosures (hereafter, TCFD) established by the Financial Stability Board (FSB).
NTN Group aims to realize a sustainable “NAMERAKA Society*” by contributing to resolve global social issues through the implementation of the NTN Group's corporate philosophy, “We shall contribute to international society through creating new technologies and developing new products.”
A society where people can easily lead a secure and fulfilling life in harmony with nature
In response to climate change, one of the Environment Policy included “Developing technology that contributes to prevention of global warming” and we develop our business activities based on that policy. We are contributing to reduce the energy loss in all industries, including automotive business, by developing and providing environment-contributing products that improve saving energy by reducing friction of bearings and driveshafts that are our core products. We also contribute to grow and develop the renewable energy markets by developing and providing products for wind turbines and products that utilize natural energy, such as the transportable independent power supply “N3 N-CUBE”. We are also working to reduce CO2 emissions and hazardous wastes throughout our entire business activities, including logistics, as well as manufacturing. In addition, we are also actively taking initiatives to reduce environmental impact not only in-house but also in the entire supply chain by conducting the green purchasing.
In the future, we will analyze the risks and opportunities caused by climate change in our business and put them into our management strategies. We will also actively disclose the information based on the recommendations of TCFD.
Through dialogue with institutional investors and other stakeholders, NTN will further strengthen its efforts for climate change and contribute to the sustainable development of society through its business activities.
About the Task Force on Climate-Related Financial Disclosures (TCFD)
TCFD is a task force established by the Financial Stability Board (FSB). In June 2017, in order to encourage investors and others to make appropriate investment decisions, they have published a set of recommendations to encourage companies and other entities to disclose information on the impact of climate-related risks and opportunities.
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