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 84% 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 2022, Nipsea reported total carbon emissions of approximately 243,485,400 kg CO2e, comprising 50,955,200 kg CO2e from Scope 1 and 192,530,200 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Nipsea's emissions intensity ratio for Scope 1 and 2 was reported at about 48,000 kg CO2e per tonne, indicating a focus on improving operational efficiency. However, there are currently no specific reduction targets or initiatives outlined in their climate commitments, nor have they engaged with the Science Based Targets initiative (SBTi) for formal reduction targets. Overall, while Nipsea has made strides in tracking and reporting its emissions, further commitments and reduction strategies would enhance its climate action profile.
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| 2019 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 21,439,380 | 00,000,000 | 00,000,000 |
| Scope 2 | 139,406,584 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - |
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.
