Nipsea
Nipsea Group, a leading player in the coatings industry, is headquartered in Singapore (SG) and operates extensively across Asia, particularly in China and Southeast Asia. Founded in 1962, Nipsea has established itself as a prominent manufacturer of decorative paints, industrial coatings, and protective coatings, catering to both residential and commercial markets. The company is renowned for its innovative products, including water-based paints and eco-friendly solutions, which set it apart in a competitive landscape. With a commitment to sustainability and quality, Nipsea has achieved significant milestones, including numerous awards for product excellence and environmental responsibility. As a key market leader, Nipsea continues to expand its footprint, driving growth and innovation in the coatings sector.
DitchCarbon Score
How does Nipsea'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 Business Services 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
Nipsea's score of 29 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nipsea's reported carbon emissions
In 2024, Nipsea reported total carbon emissions of approximately 2,962,121,000 kg CO2e, with a significant portion, about 2,553,001,000 kg CO2e, classified under Scope 3 emissions. The remaining emissions, approximately 409,120,000 kg CO2e, fall under Scope 1 and 2, although specific data for these scopes was not disclosed for the same year. In 2023, Nipsea's emissions were significantly lower, totalling about 24,051,000 kg CO2e, with Scope 1 emissions at approximately 8,091,000 kg CO2e and Scope 2 emissions at about 9,329,000 kg CO2e. This indicates a substantial increase in emissions from 2023 to 2024. Nipsea's emissions data is cascaded from its parent company, NIPSEA Group, which is part of a broader corporate family relationship. The data is also influenced by initiatives from Nippon Paint Holdings Co., Ltd., which is at a higher cascade level. Currently, Nipsea has not set specific reduction targets or climate pledges, and there are no documented initiatives aimed at reducing emissions. The absence of such commitments may reflect a broader industry context where many companies are still developing their climate strategies. Overall, while Nipsea's emissions have shown a dramatic increase in the latest reporting year, the lack of clear reduction targets highlights an area for potential improvement in their climate commitments.
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| 2015 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | - |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 | - |
| Scope 3 | - | - | - | - | - | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Nipsea is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
