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.
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.
Mean score of companies in the 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.
Nipsea's score of 41 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Nipsea reported significant carbon emissions, with Scope 1 emissions totalling approximately 440,000,000 kg CO2e and Scope 3 emissions reaching about 3,000,000,000 kg CO2e. Notably, there were no reported Scope 2 emissions for this year. The previous year, 2022, saw total emissions of approximately 243,485,400 kg CO2e, comprising both Scope 1 and Scope 2 emissions. Nipsea's emissions have fluctuated over the years, with a peak in 2021 when total emissions reached approximately 242,325,000 kg CO2e. The company has not disclosed specific reduction targets or initiatives, indicating a lack of formal commitments to reduce emissions as per industry standards. Overall, Nipsea's climate commitments remain vague, with no specific reduction initiatives or targets outlined in their recent disclosures. The company operates within a challenging industry context, where significant emissions are common, yet the absence of clear reduction strategies may impact its sustainability reputation.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|
Scope 1 | 21,439,380 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
Scope 2 | 139,406,584 | 000,000,000.0 | 000,000,000 | 000,000,000 | - | - |
Scope 3 | - | - | - | - | 0,000,000,000 | 0,000,000,000 |
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 committed to any reduction initiatives 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.