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NTN Supports TCFD Recommendations


7 May 2021 - Toronto - Corporate - News

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, our Environmental 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 the reduction of energy loss in all industries, including automotive business, by developing and providing products that improve energy conservation 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 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 theTask 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.



About NTN

Founded in 1918, NTN is one of the world's largest producers of premium quality ball and roller bearings, long recognized for the most stringent quality standards in the industry. With plants around the globe and a strong domestic manufacturing network, over 80% of the products sold by NTN in North America are made by one of the ten plants the company operates in Canada and the USA. NTN is also a leading provider of bearing services which include technical support, maintenance and reliability services, engineering consulting and training. NTN's company vision is "to transform into Canada’s leader of the Ultimate Bearing Experience."

NTN Contact

Rita Payne, NTN Marketing: