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Nickel Asia Corporation, commonly referred to as Nickel Asia, is a leading Philippine-based company specialising in the extraction and processing of nickel ore, with a focus on the basic iron and steel industry, ferro-alloys, and related first products. Headquartered in the Philippines, the company operates several mining sites across key regions, establishing a strong presence in the country's mineral sector.
Founded in 1994, Nickel Asia has grown to become one of the largest producers of laterite nickel ore in the world, recognised for its sustainable mining practices and high-quality products. Its core offerings include nickel ore and refined nickel products, which are vital raw materials for stainless steel manufacturing and other industrial applications. With a notable market position, Nickel Asia continues to play a significant role in the global nickel supply chain, driven by its commitment to operational excellence and responsible resource management.
33
DitchCarbon score
+15 vs industry average
Nickel Asia’s score of 33 is higher than 57% 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
Iron and Steel Production is among the most carbon-intensive industries
Industry performance
2.965
20182025
The Iron and Steel Production industry has reduced its overall emissions by 27% 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.
Nickel Asia's reported carbon emissions
Nickel Asia, a Philippine-headquartered company in the basic iron and steel and ferro-alloys industry, reported approximately 269.4 million kg CO2e in Scope 1 and 2 emissions for 2024. This comprised around 265 million kg CO2e from Scope 1 and 4.4 million kg CO2e from Scope 2. For 2023, the company disclosed Scope 1 emissions of approximately 521.2 million kg CO2e and Scope 2 emissions of about 3.8 million kg CO2e.
Nickel Asia has committed to robust climate action, with Science Based Targets initiative (SBTi) validated goals. The company aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2050. Near-term targets include a 50.4% absolute reduction in Scope 1 and 2 GHG emissions by 2032, from a 2024 base year. Additionally, Nickel Asia is committed to reducing absolute Scope 3 GHG emissions by 37.5% by 2035, also from a 2024 base year. Long-term, the company targets a 90% absolute reduction in Scope 1 and 2 GHG emissions by 2050 from a 2024 base year, with a similar 90% reduction in Scope 3 emissions within the same timeframe.
Internally, Nickel Asia has set an immediate target to cut greenhouse gas emissions by 35,000 tonnes of carbon dioxide equivalent (tCO2e) by 2025. Furthermore, the company has declared a collective organisational target to reduce GHG emissions by 42% by 2030.
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Nickel Asia’s Climate Goals (2030 & 2050)
7 goals2050
90% reduction in Scope 1
Nickel Asia Corporation (NAC) commits to reduce absolute scope 1 and 2 GHG emissions 90.0% by 2050 from a 2024 base year
Behind target90%
2032
50.4% reduction in Scope 1
Nickel Asia Corporation (NAC) commits to reduce absolute scope 1 and 2 GHG emissions 50.4% by 2032 from a 2024 base year
Behind target50.4%
2050
Nickel Asia Corporation (NAC) commits to achieve net-zero gr…
Nickel Asia Corporation (NAC) commits to achieve net-zero greenhouse gas emissions across the value chain by 2050.
Behind target0%
See all 7 climate goals
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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
2035 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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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
Nickel Asia6 days ago
33
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Frequently asked questions
Common questions about Nickel Asia’s sustainability data and climate commitments
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