NEC

NEC Corporation: Carbon Emissions and Climate Commitments

NEC Corporation, a global leader in the Computer and Computer Peripheral Equipment and Software Merchant Wholesalers industry, based in Japan, has outlined significant commitments to address climate change.

Emissions Performance:

For the fiscal year 2025, NEC reported a total of approximately 5,415,000,000 kg CO2e. This figure comprises:

• Scope 1: Approximately 16,000,000 kg CO2e
• Scope 2: Approximately 165,000,000 kg CO2e (market-based)
• Scope 3: Approximately 5,234,000,000 kg CO2e

Major contributors to NEC's Scope 3 emissions in FY2025 include purchased goods and services (approximately 3,946,000,000 kg CO2e) and the use of sold products (approximately 952,000,000 kg CO2e).

Climate Targets and Initiatives:

NEC has set ambitious targets to reduce its environmental impact, aligning with global climate goals:

• Net-Zero by 2040: NEC has committed to achieving net-zero greenhouse gas emissions across its entire value chain by fiscal year 2040. This aligns with their signatory status to The Climate Pledge.
• Science-Based Targets (SBTi): NEC's SBTi-approved targets include:
  • A 55% reduction in absolute Scope 1 and 2 GHG emissions by FY2030/2031, using a FY2017/2018 base year.
  • A 33% reduction in absolute Scope 3 GHG emissions from specific categories (purchased goods and services, fuel and energy-related activities not in Scope 1 and 2, and use of sold products) by FY2030/2031, also from a FY2017/2018 base year.
• Updated SBTi Targets (FY2024 base year): More recent targets indicate a commitment to reduce absolute Scope 1 and 2 GHG emissions by 90% and Scope 3 GHG emissions by 90% by FY2040, from a FY2024 base year. For the near term, NEC aims for a 63.6% reduction in Scope 1, 2, and 3 emissions by FY2034, compared to FY2024.
• Progress and Reporting: NEC actively monitors and reports on its sustainability performance, with recent data indicating progress towards its reduction goals. For instance, they reported a 31.1% reduction in company energy-derived CO2 emissions (Scope 1 and 2) as of fiscal year 2022, compared to FY2017.

These commitments demonstrate NEC's dedication to environmental stewardship and its proactive approach to combating climate change within the technology sector.