Nynas AB, commonly referred to as Nynas, is a leading player in the specialty oils and bitumen industry, headquartered in Sweden (SE). Founded in 1928, the company has established a strong presence in Europe, South America, and the Middle East, focusing on high-quality products tailored for various applications.
Nynas is renowned for its innovative solutions in the production of naphthenic oils and bitumen, which are distinguished by their unique properties and versatility. The company’s commitment to sustainability and customer-centric approach has positioned it as a trusted partner in sectors such as automotive, construction, and energy.
With a rich history marked by significant milestones, Nynas continues to excel in the market, leveraging its expertise to meet the evolving needs of its clients while maintaining a strong emphasis on environmental responsibility.
-3 vs industry average
Nynas’s score of 34 is lower than 47% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 7% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Nynas's reported carbon emissions
In 2024, Nynas reported total carbon emissions of approximately 218 million kg CO2e, comprising 199 million kg CO2e from Scope 1 and 19 million kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Nynas has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 greenhouse gas emissions by 50% by 2030, using 2017 as the baseline year. This target includes emissions from their Harburg facility and aligns with their long-term goal of achieving carbon neutrality by 2050. The company has demonstrated a commitment to sustainability through these reduction initiatives, reflecting a proactive approach to addressing climate change within the oil and gas sector.
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Nynas’s Climate Goals (2030 & 2050)
2 goals2030
50% reduction in Scope 1
Scope 1 and 2: reduce emissions by 50% by 2030 (in absolute terms versus 2017 baseline, neutrality by 2050)
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Nynas
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