Nickel Asia

Nickel Asia Corporation (NAC) is a Philippine-based company operating in the basic iron and steel, and ferro-alloys industry. The company has established significant climate commitments, including targets aligned with keeping global warming to 1.5°C.

For the year 2023, Nickel Asia Corporation reported Scope 1 emissions of approximately 521,157,010 kg CO2e and Scope 2 emissions of about 3,775,880 kg CO2e. Scope 3 data was not disclosed for this period, with purchased goods and services being a noted missing data point.

In 2021, the company reported total Scope 1 emissions of approximately 94,551,000 kg CO2e, Scope 2 emissions of about 4,855,000 kg CO2e, and Scope 3 emissions of approximately 3,398,000 kg CO2e. Prior to this, in 2020, Scope 1 emissions were reported as approximately 93,915,000 kg CO2e, with Scope 2 at about 1,536,000 kg CO2e and Scope 3 at approximately 2,206,000 kg CO2e. In 2019, Nickel Asia's emissions included approximately 105,882,000 kg CO2e for Scope 1, 377,000 kg CO2e for Scope 2, and 8,922,000 kg CO2e for Scope 3.

Nickel Asia Corporation has committed to ambitious reduction targets. These include a near-term commitment to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 50.4% by 2032 from a 2024 base year. Additionally, they aim to reduce absolute Scope 3 GHG emissions by 37.5% by 2035 from a 2024 base year. For the long term, the company commits to a 90.0% reduction in absolute Scope 1 and 2 GHG emissions by 2050, and a 90.0% reduction in absolute Scope 3 GHG emissions within the same timeframe. Ultimately, Nickel Asia Corporation has set a net-zero target, committing to achieve net-zero GHG emissions across its value chain by 2050. These targets are based on a 2024 base year and are consistent with reductions required to keep warming to 1.5°C.