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 66% 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 290.1 million kg CO2e, comprising 65.6 million kg CO2e from Scope 1, 152.7 million kg CO2e from Scope 2, and 71.9 million kg CO2e from Scope 3 emissions related to waste generated in operations. This represents a notable increase from 2023, where total emissions were approximately 262.0 million kg CO2e, with Scope 1 at 52.4 million kg CO2e, Scope 2 at 145.8 million kg CO2e, and Scope 3 at 63.8 million kg CO2e. 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 or initiatives as indicated by the absence of documented reduction targets or climate pledges. The emissions data reflects a comprehensive approach to tracking greenhouse gas emissions across all relevant scopes, highlighting the company's commitment to transparency in its environmental impact.
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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.
