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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.
20
DitchCarbon score
-12 vs industry average
Neo Performance Materials’s score of 20 is lower than 32% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Chemicals is among the most carbon-intensive industries
Industry performance
0.523
20182025
The Chemicals industry has reduced its overall emissions by 19% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Neo Performance Materials's reported carbon emissions
Neo Performance Materials, a Chemicals nec company headquartered in CA, is committed to reducing its carbon footprint. In 2024, the company reported total Scope 1 emissions of approximately 7,751,000 kg CO2e and Scope 2 emissions of about 89,196,000 kg CO2e. This marks a decrease from 2023, when Scope 1 emissions were approximately 17,149,000 kg CO2e and Scope 2 emissions were around 107,880,000 kg CO2e.
Neo Performance Materials aims to reduce its Scope 1 emissions by 30% and Scope 2 emissions by 30% from 2021 levels by 2030. The company is also working towards a long-term goal of net neutrality by 2050, acknowledging that this requires energy-efficient motors. They are actively developing and executing a robust Greenhouse Gas (GHG) Reduction Strategy and implementing a new procurement policy for greater transparency across their value chain.
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Neo Performance Materials’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Neo Performance Materials11 days ago
20
BESecondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum)View
5 days ago
69
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