Nippon Thompson Co Sustainability Profile
Nippon Thompson Co., Ltd., commonly known as IKO, is a leading manufacturer in the bearing industry, headquartered in Japan. Established in 1950, the company has made significant strides in the development of high-quality linear motion bearings and precision components, serving diverse sectors such as automotive, aerospace, and industrial machinery. With a strong presence in Asia, Europe, and North America, IKO is renowned for its innovative products, including needle roller bearings and linear guides, which are distinguished by their durability and performance. The company has achieved notable milestones, including advancements in manufacturing technology and a commitment to sustainability, solidifying its position as a trusted partner in the global market. IKO continues to set industry standards, driven by a dedication to quality and customer satisfaction.
DitchCarbon Score
How does Nippon Thompson Co'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 Machinery and Equipment 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
Nippon Thompson Co's score of 46 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nippon Thompson Co's reported carbon emissions
In 2023, Nippon Thompson Co., Ltd. reported total carbon emissions of approximately 27,277,000 kg CO2e, comprising 3,377,000 kg CO2e from Scope 1 and 15,984,000 kg CO2e from Scope 2 emissions. The company has set ambitious near-term targets to reduce absolute Scope 1 and 2 greenhouse gas emissions by 42% by FY2030, using FY2022 as the baseline. Additionally, it aims to cut Scope 3 emissions from purchased goods and services by 25% within the same timeframe. Looking ahead, Nippon Thompson is committed to achieving carbon neutrality by 2050, having established a Sustainability Committee in January 2022 to oversee this initiative. The company is also preparing to endorse the recommendations of the Task Force on Climate-related Financial Disclosure (TCFD). For 2024, the total emissions are projected to be approximately 280,000,000 kg CO2e, reflecting the company's ongoing efforts to manage and reduce its carbon footprint. These commitments align with industry standards and demonstrate a proactive approach to climate change mitigation.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | - | - | - | 0,000,000 | 0,000,000 | - |
| Scope 2 | - | - | - | - | - | - | - | - | - | - | 00,000,000 | 00,000,000 | - |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | 000,000,000 | 000,000,000 | - |
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Nippon Thompson Co's Scope 3 Categories Breakdown
Nippon Thompson Co's Scope 3 emissions, which increased by 23% last year and increased by approximately 23% since 2022, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 80% of Scope 3 emissions.
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Nippon Thompson Co'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.
Nippon Thompson Co 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.
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