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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.
-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.
Chemicals is among the most carbon-intensive industries
The Chemicals industry has reduced its overall emissions by 19% since 2018
Scope 3 accounts for ••• of total emissions.
Neo Performance Materials, headquartered in Canada and operating in the Chemicals nec industry, reported total Scope 1 and 2 emissions of approximately 96,947,000 kg CO2e in 2024. This figure comprises about 7,751,000 kg CO2e from Scope 1 emissions and 89,196,000 kg CO2e from Scope 2 emissions.
In 2023, the company's total Scope 1 and 2 emissions were approximately 125,029,000 kg CO2e, with 17,149,000 kg CO2e from Scope 1 and 107,880,000 kg CO2e from Scope 2. For 2022, total Scope 1 and 2 emissions were around 120,922,000 kg CO2e (14,751,000 kg CO2e Scope 1 and 106,171,000 kg CO2e Scope 2). In 2021, Neo Performance Materials reported total Scope 1 and 2 emissions of approximately 141,068,000 kg CO2e, consisting of 21,828,000 kg CO2e in Scope 1 and 119,240,000 kg CO2e in Scope 2. Data for Scope 3 emissions is not currently available for any of these years.
Neo Performance Materials is committed to ambitious greenhouse gas reduction goals. The company aims to reduce its Scope 1 emissions by 30% from 2021 levels by 2030. Similarly, they have a target to reduce Scope 2 emissions by 30% from 2021 levels by 2030. Furthermore, Neo Performance Materials is actively working on implementing a new procurement policy to enhance transparency across its value chain and has formed a team to develop and execute a robust GHG Reduction Strategy for the coming years, with initial efforts from 2023 to 2025. The company also states a long-term commitment towards achieving Net Neutral 2050 targets for both Scope 1 and Scope 2 emissions.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
No scope 3 category breakdown has been disclosed yet.


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