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 15 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Neo Performance Materials's reported carbon emissions
In 2023, Neo Performance Materials reported total carbon emissions of approximately 126,029 kg CO2e, comprising about 17,149 kg CO2e from Scope 1 and about 107,880 kg CO2e from Scope 2. This reflects a slight decrease in emissions compared to 2022, where total emissions were around 121,922 kg CO2e, with Scope 1 emissions at about 14,751 kg CO2e and Scope 2 emissions at approximately 106,171 kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, as evidenced by the consistent decrease in Scope 1 emissions from 20,311 kg CO2e in 2021 to the current figure. However, there are no specific reduction targets or initiatives disclosed in their reports, indicating a potential area for future focus in their sustainability strategy. Overall, Neo Performance Materials is actively working towards minimising its carbon emissions, aligning with industry standards for climate action, although further commitments and targets would enhance their climate strategy.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 20,311 | 00,000 | 00,000 |
| Scope 2 | 117,275 | 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 committed to any reduction initiatives 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.
