- Decline in global automotive production volume compared with Automotive Business assumptions made at the time of Mid-Term Management Plan formulation
- Continued sluggish demand against the backdrop of rising interest rates in many countries and a slowdown in the Chinese economy
- Global inflation including energy and labor costs
- Deterioration of the business environment
- Decline in real volume
- Decrease in profitability impacted by the drop in sales
- Risk of being unable to secure the globally competent human resources needed to expand business and implement strategies
- Risk of being too slow to embrace diverse work styles and review personnel systems and measures accordingly
NSK Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, NSK Ltd. disclosed greenhouse gas emissions of 448.0K tCO2e/year (Scope 1 and 2). By scope: Scope 1: 102.0K tCO2e/year; Scope 2: 346.0K tCO2e/year; Scope 3: 2.2M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
448.0K tCO2e/year (Scope 1 and 2)
2023-04 to 2024-03
Renewable Energy
34.5% of total energy use
of total energy
Water Usage
3.7M m3/year
2023-04 to 2024-03
Waste
264.0K tons/year
2023-04 to 2024-03
Energy Use
6.4K TJ/year
2023-04 to 2024-03
📊 Emissions by Scope (2023-04 to 2024-03)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 102.0K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 346.0K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 2.2M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-04 to 2024-03 | 448.0K tCO2e/year (Scope 1 and 2) |
| 2021-04 to 2022-03 | 1.0M t-CO2e/year (FY2020) |
| 2021 | 701.0K tCO2e/year (Scope 1 & 2) |
| 2020 | 883 thousand tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced CO2 emissions by 52% compared with FY2017 in FY2023, achieving its FY2026 target of 50% in advance.
- Increased the ratio of renewable energy being used to the Group’s total energy consumption from 21.5% in FY2022 to 34.5% in FY2023.
- Developed and launched bearings for gas turbine generator use in March 2024 with a new lubrication mechanism that significantly reduces the amount of lubricating oil the bearing requires.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce CO2 emissions for Scope 1 and 2 by 50% by FY2026 compared with FY2017 levels.
- Achieve an ROE of 8% in FY2026 and 10% thereafter.
📅 Medium-term
- Achieve carbon neutrality for Scope 1 and 2 by FY2035.
- Increase the Industrial Machinery Business sales ratio of total sales from 30% in FY2017 to 50% under the Mid-Term Management Plan 2026 (MTP2026), and then to 60% by FY2030.
🔭 Long-term
- Achieve a net-zero CO2 emissions society by 2050.
🌱 ESG Focus Areas
SafetyQualityEnvironmentComplianceHuman RightsSupply Chain ManagementCarbon Neutrality