Nitto Coltd

Nitto Coltd's reported carbon emissions

Nitto Ltd., headquartered in Japan, is committed to reducing its carbon footprint and has established several climate targets. **Carbon Emissions:** * In 2022, Nitto Ltd. reported its Scope 1 emissions at approximately 330,370,000 kg CO2e and Scope 2 emissions (market-based) at approximately 318,345,000 kg CO2e. * Scope 3 emissions in 2022 were considerable, with purchased goods and services accounting for roughly 654,290,000 kg CO2e. * The company also reported Scope 3 emissions for capital goods (approximately 141,807,000 kg CO2e), business travel (approximately 4,385,000 kg CO2e), employee commute (approximately 14,054,000 kg CO2e), use of sold products (approximately 70,618,000 kg CO2e), waste generated in operations (approximately 32,153,000 kg CO2e), and fuel and energy-related activities (approximately 67,357,000 kg CO2e), and upstream transportation and distribution (approximately 5,916,000 kg CO2e). **Climate Commitments and Reduction Targets:** Nitto Ltd. has set ambitious goals to mitigate climate change: * **Carbon Neutrality by 2050:** The company aims to achieve carbon neutrality across Scope 1 and Scope 2 emissions by 2050. * **2030 Emissions Reduction Targets:** * Nitto Denko Corporation (which Nitto Ltd. is part of) has committed to reducing absolute Scope 1 and 2 GHG emissions by 46.3% by FY2030 from a FY2020 base year. * They also commit to reducing absolute Scope 3 GHG emissions from specific categories (purchased goods and services, fuel-and energy-related activities, upstream transportation and distribution, waste generated in operations, and end-of-life treatment of sold products) by 25% by FY2030 from a FY2022 base year. * Another near-term target is to reduce total Scope 1 and 2 emissions to 400,000 tonnes (400,000,000 kg CO2e) by fiscal year 2030, representing a 46% reduction compared to fiscal year 2020. * Previously, targets included reducing Scope 1 and Scope 2 emissions by 40% from fiscal 2013 levels by fiscal 2030. * Specific Scope 1 and Scope 2 emissions reduction targets of 30% from 2020 levels by 2030 have also been stated. * **Near-Zero Scope 1 and 2 Emissions by 2025:** Nitto aims to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. * **Science Based Targets:** Nitto Ltd. has had targets approved by the Science Based Targets initiative (SBTi), including a commitment to reduce Scope 1 and Scope 2 GHG emissions by 42% by 2030 from a 2022 base year, and to measure and reduce its Scope 3 emissions. Nitto Denko Corporation also has SBTi-approved targets for Scope 1, 2, and 3 emissions reductions. These commitments demonstrate Nitto Ltd.'s proactive approach to environmental stewardship and its dedication to contributing to a low-carbon future.