Nidec Sustainability Profile
Nidec Corporation, a global leader in the electric motor industry, is headquartered in Japan and operates extensively across Asia, Europe, and the Americas. Founded in 1973, Nidec has established itself as a pioneer in precision motors, serving diverse sectors such as automotive, industrial, and consumer electronics. The company is renowned for its innovative core products, including small precision motors and large-scale industrial motors, which are distinguished by their high efficiency and reliability. Nidec's commitment to research and development has positioned it as a market leader, achieving significant milestones such as the acquisition of several key companies to expand its technological capabilities. With a strong focus on sustainability and advanced engineering, Nidec continues to drive growth and maintain its competitive edge in the global market.
DitchCarbon Score
How does Nidec'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 Furniture Manufacturing 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
Nidec's score of 64 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nidec's reported carbon emissions
In 2023, Nidec Corporation reported total carbon emissions of approximately 286,093,000,000 kg CO2e, with Scope 1 emissions at about 269,000,000 kg CO2e, Scope 2 emissions (market-based) at approximately 791,000,000 kg CO2e, and Scope 3 emissions reaching about 285,033,000,000 kg CO2e. This represents a decrease from 2022, where total emissions were about 330,087,000,000 kg CO2e. Nidec has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by 42% from FY2022 levels by FY2030. Additionally, the company plans to cut its Scope 3 emissions by 25% within the same timeframe. Nidec's long-term goal includes achieving carbon neutrality for its business activities (Scope 1 and 2) by FY2040 and extending this target to include its entire supply chain (Scope 3) by FY2050. The SMART 2030 Project is a key initiative, targeting a 30% reduction in CO2 emissions compared to FY2017 by FY2030. Nidec's commitment to renewable energy includes increasing its renewable energy usage to 40% by FY2025. These targets align with the Science Based Targets initiative (SBTi) and reflect Nidec's dedication to contributing to a carbon-free society.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 88,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 591,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 2,176,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000,000 | 000,000,000,000 |
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Nidec's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Nidec has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Nidec's sustainability data and climate commitments