Neo Performance Materials
Neo Performance Materials Inc., headquartered in Canada, is a leading player in the advanced materials industry, specialising in the production of rare earth and magnetic materials. Founded in 2015, the company has rapidly established itself with significant operations across North America, Europe, and Asia, focusing on sectors such as electronics, automotive, and renewable energy. The company’s core offerings include high-performance magnets, rare earth alloys, and advanced materials that are essential for various high-tech applications. What sets Neo Performance Materials apart is its commitment to sustainability and innovation, ensuring that its products meet the evolving demands of modern industries. With a strong market position, the company has achieved notable milestones, including strategic partnerships and expansions that enhance its global footprint and technological capabilities.
DitchCarbon Score
How does Neo Performance Materials's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Chemicals industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Neo Performance Materials's score of 25 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Neo Performance Materials's reported carbon emissions
In 2022, Neo Performance Materials reported total carbon emissions of approximately 121,000,000 kg CO2e, comprising 14,788,000 kg CO2e from Scope 1 and 106,171,000 kg CO2e from Scope 2 emissions. This marked a significant reduction from 2021, where total emissions were about 137,068,000 kg CO2e, with Scope 1 emissions at 21,828,000 kg CO2e and Scope 2 emissions at 119,240,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce its Scope 1 emissions by 30% from 2021 levels by 2030. Similarly, Neo Performance Materials targets a 30% reduction in Scope 2 emissions by the same year. These initiatives are part of a broader strategy to enhance transparency across their value chain and develop a robust greenhouse gas (GHG) reduction strategy. Additionally, Neo is committed to achieving net-zero emissions by 2050, with ongoing efforts to implement energy-efficient practices and technologies. The company is actively working on a new procurement policy to support these goals and is focused on tackling climate change through its GHG reduction objectives.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 21,828,000 | 00,000,000 |
| Scope 2 | 119,240,000 | 000,000,000 |
| Scope 3 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Neo Performance Materials is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
