In 2024, NC completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
NC has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 854.817a | 843.6a | 884.3a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 31,035.773a | 34,643.1a | 26,024.7a | |
Total Scope 3 | 62,563.902a | 155,700.49a | 134,359.8a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.7948a | 0.6057a | 0.4333a |
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In 2024, the total operational greenhouse gas (GHG) emissions of NC amounted to 31,890.59 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of NC decreased by 10.13%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of NC were 854.817 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, NC's Scope 1 emissions have increased by 59.75%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), NC's Scope 1 emissions increased by 1.33%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, NC reported Scope 2 greenhouse gas (GHG) emissions of 31,035.773 tCO₂e without specifying the calculation method.a
Since 2019, NC's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 175.93%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), NC's Scope 2 emissions (Unspecified Calculation Method) fell by 10.41% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, NC reported its Scope 2 emissions using an unspecified methodology.a
In 2024, NC reported 62,563.902 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of NC includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 5 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, NC reported total Scope 3 emissions of 62,563.902 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 96.43% of these emissions originated from upstream activities such as purchased goods and capital goods, while 3.57% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), NC's Scope 3 emissions decreased by 59.82%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, NC reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to NC's Scope 3 emissions were:a
In 2024, NC reported Scope 1 greenhouse gas (GHG) emissions of 854.817 tCO₂e and total revenues of USD 1,076 millions. This translates into an emissions intensity of 0.79 tCO₂e per millions USD.a
In 2024, NC reported a Scope 1 emissions intensity of 0.79 tCO₂e per millions USD. Compared to the peer group median of 0.34, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, NC ranked 16 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
NC is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, NC reported a total carbon footprint of 94,454.492 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 50.6% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to NC's total carbon footprint was Scope 3 emissions, accounting for 66.24% of the company's total carbon footprint, followed by Scope 2 emissions at 32.86%.a