Ann Arbor, MI, June 18, 2008 --(PR.com
)-- NSK Corporation, a member of the NSK Ltd. Group of Companies, proudly announces NSK’s selection as one of the Global 100 Most Sustainable Corporations in the World. The Global 100 is a list compiled and released annually at the World Economic Forum in Davos, Switzerland.
NSK is one of the world’s largest manufacturers of bearings and related linear-motion and automotive products. Based in Tokyo, Japan, the organization operates over 150 locations around the world.
The company is an industry leader in corporate social responsibility (CSR). All of its facilities will be certified ISO 14001 by the end of 2009, and all follow a comprehensive CSR strategy that emphasizes recycling, green procurement and company-wide environmental education.
NSK has advanced the bearing production process considerably, refining its manufacturing operations and taking significant steps to, among other things, reduce scrap waste, lower CO2 emissions, increase energy efficiency and cut down on the use of harmful chemicals. In its 2007 CSR Report, the company outlines current goals for 2010. They include achieving a waste-recycling rate of 98 percent or greater, reducing the number of liquid coolants with chlorine-based additives by 85 percent and reducing CO2 emissions per production unit annually by one percent.
The company has actively propelled environmental innovation through technologies such as a hybrid solar cogeneration system that uses excess heat from electricity generation to warm production facilities. More recently, NSK has implemented systems for managing waste and chemical substances and in 2007, it rolled out an information-sharing system to improve collection and analysis of environmental data gathered from its plants worldwide.
NSK also maintains a ‘zero emission policy’. Zero emission is a concept spearheaded by the United Nations University (through its Zero Emissions Forum) by which businesses emulate the sustainable cycles found in nature.
NSK’s efforts around CSR and Socially Responsible Investment (SRI) have earned the company recognition by a number of international SRI indices including the Dow Jones Sustainability World Index, the FTSE4Good Global Benchmark Index, the Ethibel Sustainability Index and the Morningstar Japan SRI Index.
For the Global 100 ranking, NSK was selected from among approximately 1,800 firms listed on the Morgan Stanley Capital International (MSCI) world-stocks index. Candidates are assessed based on their abilities, compared with industry peers, to manage environmental, social and governmental (ESG) risks.
About NSK Corporation
NSK Corporation is a member of the NSK Ltd. Group of companies headquartered in Tokyo, Japan. As one of the world's leading bearing manufacturers, it produces and distributes over 100,000 different types of bearings, linear motion and automotive component products.
In the United States, NSK operates with strategically located distribution centers that supply both the original equipment and industrial distribution market. Its network of authorized distributors have the expertise, inventory and delivery systems to meet industry needs- working in partnership with NSK sales and engineering teams to ensure that industry's needs are met with precision and speed. For more information, visit www.us.nsk.com.
About NSK Limited
Headquartered in Tokyo, Japan, NSK Limited is a world-class producer and innovator of motion and control products. Established in 1916, NSK became a world leader in the industry because of an intense commitment to engineering research, modern manufacturing processes and superior quality.
Today, the company is one of the world’s largest bearing manufacturers, employs over 23,000 people worldwide, has 57 global manufacturing facilities and over 125 sales offices, operates 13 technology centers and produces and distributes over 100,000 different types of bearings, linear motion and automotive component products. For more information, visit www.nsk.com.
About the Global 100
The Global 100 Most Sustainable Corporations in the World is a project initiated by Corporate Knights Inc. with Innovest Strategic Value Advisors Inc., a leading research firm specializing in analyzing extra-financial drivers of risk and shareholder value, including companies’ performance on social, environmental and strategic governance issues. Innovest was selected as the exclusive research analytic data provider for the Global 100. Launched in 2005, the annual Global 100 is unveiled each year at the World Economic Forum in Davos. For more information, visit www.global100.org.