Nitto Coltd

Nitto Co. Ltd. aims to achieve net-zero carbon emissions (Scope 1 and 2) by 2050, demonstrating its commitment to climate action. The Japan-headquartered company, operating in "Other services (93)", has also set several near-term reduction targets.

The most recent available emissions data for Nitto Co. Ltd. are projections for 2025, with Scope 1 and 2 emissions estimated at approximately 470,000,000 kg CO2e. This follows an estimated 472,000,000 kg CO2e for Scope 1 and 2 in 2024. In 2023, the company reported about 400,000,000 kg CO2e for Scope 1 and a combined 525,000,000 kg CO2e for Scope 1 and 2. For 2022, Nitto Co. Ltd. reported Scope 1 emissions of approximately 350,000,000 kg CO2e and Scope 3 emissions of about 1,949,000,000 kg CO2e, with a combined Scope 1 and 2 total of around 571,000,000 kg CO2e.

Nitto Co. Ltd. has set ambitious reduction targets:

• Near-term (Scope 1 & 2): Nitto Co. Ltd. commits to reducing its Scope 1 and 2 GHG emissions by 42% by 2030 from a 2022 base year. This target has been approved by the Science Based Targets initiative (SBTi) using a streamlined validation route for Small and Medium-sized Enterprises (SMEs). Additionally, the Nitto Group (which includes Nitto Co. Ltd. and Nitto Denko Corporation) has revised its target to reduce Scope 1 and 2 emissions to 400,000 metric tons CO2e by fiscal 2030, representing a 46% reduction from fiscal 2020.
• Near-term (Scope 1): Nitto Co. Ltd. aims to reduce its Scope 1 emissions to near zero by 2025. It also commits to a 30% reduction in Scope 1 emissions from 2020 levels by 2030.
• Near-term (Scope 2): The company aims to reduce its Scope 2 emissions to near zero by 2025 and is committed to a 30% reduction in Scope 2 emissions from 2020 levels by 2030.
• Near-term (Scope 3): Nitto Denko Corporation, the parent company, commits to reducing absolute Scope 3 GHG emissions (from purchased goods and services, fuel- and energy-related activities, upstream transportation and distribution, and end-of-life treatment of sold products) by 25% by fiscal 2030 from a fiscal 2022 base year. Nitto Co. Ltd. also commits to measure and reduce its Scope 3 emissions.
• Long-term: Nitto Co. Ltd. has made the Carbon Neutrality Declaration, aiming to achieve carbon neutrality (net zero Scope 1 and 2 emissions) by fiscal 2050. This long-term commitment was established in May 2022.

Historically, Nitto Co. Ltd. reported higher combined Scope 1 and 2 emissions, such as approximately 837,894,000 kg CO2e in 2015 and 837,032,000 kg CO2e in 2016, demonstrating a downward trend in these emissions categories.

Emissions data and SBTi targets are cascaded from Nitto Denko Corporation, a related organization within the corporate family.