Nidec

Nidec's Climate Commitments and Emissions Data

Nidec, a company operating in the "Furniture; other manufactured goods n.e.c. (36)" industry, is actively engaged in addressing its carbon footprint. For the fiscal year 2024, Nidec reported a total of approximately 269.6 billion kg CO2e. This figure encompasses Scope 1 emissions amounting to about 235 million kg CO2e, Scope 2 emissions (market-based) at approximately 749 million kg CO2e, and a substantial Scope 3 total of around 268.6 billion kg CO2e. The primary driver within Scope 3 emissions is the "use of sold products," accounting for roughly 260.4 billion kg CO2e.

In the preceding year, 2023, Nidec's total emissions were approximately 282.5 billion kg CO2e. This included Scope 1 emissions of about 253 million kg CO2e, Scope 2 market-based emissions of approximately 774 million kg CO2e, and Scope 3 emissions totalling around 281.5 billion kg CO2e, with the use of sold products again being the largest contributor.

Nidec has set ambitious targets to mitigate climate change. The company aims for carbon neutrality in its business activities (Scope 1 and 2) by fiscal year 2040, with a longer-term goal of achieving net-zero CO2 emissions across its entire supply chain by fiscal year 2050. In alignment with this, Nidec has committed to reducing its absolute Scope 1 and 2 GHG emissions by 42% by FY2030, using FY2022 as the base year. Additionally, the company has set a target to reduce absolute Scope 3 GHG emissions by 25% within the same timeframe. As part of its near-term initiatives, Nidec also plans to have a reduction plan for Scope 3 emissions in the supply chain finalised by FY2025 and aims to increase the introduction ratio of renewable energy to 40% on a consolidated basis by FY2025.