Nitto Coltd

Nitto Coltd's commitment to climate action is evident in its ambitious emissions reduction targets. For fiscal year 2025, the company reported Scope 1 and 2 emissions of approximately 470 million kg CO2e. This figure decreased slightly to approximately 472 million kg CO2e in fiscal year 2024. In fiscal year 2023, Nitto Coltd's Scope 1 and 2 emissions were approximately 525 million kg CO2e, and for fiscal year 2022, they stood at approximately 571 million kg CO2e, which included approximately 330.37 million kg CO2e for Scope 1 and approximately 318.35 million kg CO2e for Scope 2 (market-based).

The company has set a significant goal to achieve carbon neutrality by fiscal year 2050, encompassing both Scope 1 and Scope 2 emissions. As a milestone towards this long-term objective, Nitto Coltd aims to reduce its Scope 1 and 2 greenhouse gas (GHG) emissions by 46.3% by fiscal year 2030, based on a fiscal year 2020 baseline. This commitment is aligned with a Science Based Target initiative (SBTi) approved target. Furthermore, Nitto Coltd has a target to reduce its Scope 3 GHG emissions by 25% by fiscal year 2030, using fiscal year 2022 as the base year. This Scope 3 target specifically covers 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.

Earlier, in fiscal year 2025, there was a target to reduce Scope 1 and Scope 2 emissions to approximately 470,000 tonnes. In fiscal year 2023, the company aimed to reduce Scope 1 and Scope 2 emissions by 35% by the end of the financial year ending 31 March 2023. There are also near-term targets to reduce Scope 1 and Scope 2 emissions to near zero by 2025. In fiscal year 2030, the company also aims for Scope 1 and 2 emissions to be approximately 400,000 tonnes, representing a 46% reduction compared to fiscal year 2020. In fiscal year 2030, the target for Scope 1 and 2 emissions was set at 600,000 tonnes per year, a 25% reduction from fiscal year 2018.

Nitto Coltd's emissions reporting for fiscal year 2022 also provided detailed Scope 3 data, including approximately 654.29 million kg CO2e for purchased goods and services, approximately 14.05 million kg CO2e for employee commute, and approximately 4.39 million kg CO2e for business travel.