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 67% 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 363,651,000 kg CO2e, with emissions distributed across various scopes: 3,377,000 kg CO2e from Scope 1, 28,753,000 kg CO2e from Scope 2, and a significant 331,521,000 kg CO2e from Scope 3. The company has set ambitious near-term targets, committing to reduce absolute Scope 1 and 2 greenhouse gas emissions by 42% by FY2030 from a FY2022 baseline, and to cut Scope 3 emissions from purchased goods and services by 25% within the same timeframe. Nippon Thompson is also working towards long-term sustainability goals, aiming for carbon neutrality by 2050. This commitment is supported by the establishment of a Sustainability Committee in January 2022, which is preparing to endorse the recommendations of the Task Force on Climate-related Financial Disclosure (TCFD). The emissions data is not cascaded from any parent organization, indicating that Nippon Thompson Co., Ltd. independently reports its emissions and climate commitments. The company is actively engaging in initiatives to enhance its environmental performance and align with industry standards for climate action.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 2,729,000 | 0,000,000 |
| Scope 2 | 30,514,000 | 00,000,000 |
| Scope 3 | 269,776,000 | 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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Frequently Asked Questions
Common questions about Nippon Thompson Co's sustainability data and climate commitments