NEC

NEC's reported carbon emissions

NEC, headquartered in Japan, is committed to significant carbon emission reductions and achieving net-zero by 2040. For the fiscal year 2025, NEC reported total greenhouse gas (GHG) emissions of approximately 5.4 billion kg CO2e. This figure is comprised of approximately 16 million kg CO2e for Scope 1, and about 165 million kg CO2e for Scope 2 emissions. Scope 3 emissions accounted for the vast majority, totalling approximately 5.2 billion kg CO2e. Within Scope 3, purchased goods and services represent the largest category at around 3.9 billion kg CO2e, followed by the use of sold products at approximately 952 million kg CO2e. NEC has set ambitious climate targets, including: * A commitment to reach net-zero GHG emissions across its value chain by FY2040. * A Science Based Targets initiative (SBTi) approved goal to reduce absolute Scope 1 and 2 GHG emissions by 55% by FY2030/31, using a FY2017/18 baseline. * An SBTi goal to reduce absolute Scope 3 GHG emissions by 33% by FY2030/31, also from a FY2017/18 baseline, focusing on purchased goods and services, fuel and energy-related activities, and the use of sold products. More recently, NEC has set targets to reduce Scope 1, 2, and 3 emissions by over 50% each by fiscal year 2031 compared to fiscal year 2021. Furthermore, they aim for a reduction of over 90% by FY2040 based on a FY2020 baseline. In April 2024, NEC obtained SBTi Net-Zero certification for its strengthened goal to achieve net-zero CO2 emissions across its supply chain by 2040.