Neo Performance Materials

Neo Performance Materials, a chemicals company headquartered in CA, is committed to reducing its environmental impact. For 2024, the company reported Scope 1 emissions of approximately 7.75 million kg CO2e and Scope 2 emissions of approximately 89.2 million kg CO2e. In 2023, Scope 1 emissions were around 17.15 million kg CO2e and Scope 2 emissions were approximately 107.88 million kg CO2e. The previous year, 2022, saw Scope 1 emissions at approximately 14.75 million kg CO2e and Scope 2 emissions at around 106.17 million kg CO2e. For 2021, Scope 1 emissions were approximately 21.83 million kg CO2e and Scope 2 emissions were approximately 119.24 million kg CO2e.

Neo Performance Materials has set ambitious targets to address its carbon footprint. The company aims to reduce its Scope 2 emissions by 30% from 2021 levels by 2030. Similarly, Scope 1 emissions are targeted for a 30% reduction from 2021 levels by the same year. In pursuit of these goals, Neo Performance Materials is implementing initiatives such as a new procurement policy to enhance value chain transparency and the formation of a dedicated team to develop and execute a robust greenhouse gas (GHG) reduction strategy. The company also has a long-term vision for Net Neutrality by 2050, which includes the implementation of energy-efficient motors. While Scope 3 emissions data is not yet fully disclosed, the company is working on improving transparency in this area.