Neo Performance Materials Inc., headquartered in Canada, is a prominent player in the chemicals nec industry, specialising in advanced materials and rare earth products. 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 rare earth magnets, advanced materials, and specialty chemicals, which are distinguished by their high performance and sustainability. Neo Performance Materials is recognised for its innovative approach to recycling and resource recovery, positioning itself as a leader in the circular economy. With a commitment to quality and environmental responsibility, Neo continues to achieve notable milestones, solidifying its market position as a trusted supplier in the global materials landscape.
-9 vs industry average
Neo Performance Materials’s score of 20 is lower than 36% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at Neo Performance Materials?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Chemicals is among the most carbon-intensive industries
Industry performance
The Chemicals industry has reduced its overall emissions by 6% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Neo Performance Materials's reported carbon emissions
Neo Performance Materials, a company in the Chemicals nec industry headquartered in CA, has reported its carbon emissions for the period 2021-2024, focusing on Scope 1 and Scope 2 emissions. In 2024, the company recorded approximately 7.75 million kg CO2e for Scope 1 emissions and about 89.2 million kg CO2e for Scope 2 emissions. This follows 2023 figures of roughly 17.15 million kg CO2e for Scope 1 and approximately 107.88 million kg CO2e for Scope 2. In 2022, Scope 1 emissions were around 14.75 million kg CO2e, and Scope 2 emissions were approximately 106.17 million kg CO2e. The year 2021 saw Scope 1 emissions at about 21.83 million kg CO2e and Scope 2 emissions at approximately 119.24 million kg CO2e. Neo Performance Materials has established climate commitments. The company aims to reduce its Scope 1 emissions by 30% from 2021 levels by 2030. Similarly, a 30% reduction in Scope 2 emissions from 2021 levels is targeted by 2030. Furthermore, Neo Performance Materials is working towards developing and executing a robust Greenhouse Gas (GHG) Reduction Strategy between 2023 and 2025. Long-term, the company has set Net Neutral 2050 targets, which will require investments in energy-efficient motors. It's important to note that Scope 3 emissions data is not yet disclosed, with "purchased goods and services" being a missing data point.
Unlock detailed emission data
Access structured emission data, company specific factors and auditable source documents
Neo Performance Materials’s Climate Goals (2030 & 2050)
6 goals2030
30% reduction in Scope 2
We aim to reduce our Scope 2 emissions by 30% from 2021 levels by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 6 climate goals
Already have an account? Sign in now
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
View similar organisations
Neo Performance Materials
Usage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn moreCurious to see your top suppliers emissions?
Book a demo for a pilot project