Nipsea Sustainability Profile
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 43 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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Nipsea's reported carbon emissions
In 2024, Nipsea reported total carbon emissions of approximately 65,572,200 kg CO2e for Scope 1, 152,687,700 kg CO2e for Scope 2, and 71,885,400 kg CO2e for Scope 3, specifically from waste generated in operations. This reflects a slight increase in Scope 1 emissions from 52,430,000 kg CO2e in 2023, while Scope 2 emissions rose from 145,834,000 kg CO2e. Scope 3 emissions also increased from 63,763,000 kg CO2e in the previous year. Nipsea's emissions data is cascaded from its parent company, NIPSEA Group, which is part of the Nippon Paint Holdings Co., Ltd. corporate family. The company has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a lack of formalised commitments to reduce emissions at this time. The reported greenhouse gas (GHG) emissions intensity for Scope 1 and 2 in 2024 was 36.6 tonnes CO2e, a decrease from 32.3 tonnes CO2e in 2023, suggesting ongoing efforts to improve operational efficiency. However, no significant initiatives or targets for emissions reduction have been disclosed, highlighting an area for potential growth in their sustainability strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 21,439,380 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 139,406,584 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Nipsea's Industry?
How Carbon Intensive is Nipsea's Location?
Nipsea's Scope 3 Categories Breakdown
Nipsea's Scope 3 emissions, which increased by 13% last year and increased by approximately 224% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 25% of total emissions under the GHG Protocol, with "Waste Generated in Operations" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Nipsea'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.
Nipsea has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
