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Nexen Tire Corp
Nexen Tire's GHG Emissions Data Preview
In 2024, Nexen Tire 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).
Nexen Tire has also provided a category-level breakdown for 15 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind Nexen Tire’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Nexen Tire’s data sources below and access millions more through our Disclosure Search.
Insights into Nexen Tire's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofNexen Tire amounted to362,361metric 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 Nexen Tireincreased by 6.82%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Nexen Tire's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Nexen Tire's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Nexen Tire were 80,237 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Nexen Tire reduced its Scope 1 emissions over time?
Since 2020, Nexen Tire's Scope 1 emissions have increased by 41.67%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Nexen Tire's Scope 1 emissions increased by 14.28%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Nexen Tire's Scope 2 emissions?
In 2024, Nexen Tire reported Scope 2 greenhouse gas (GHG) emissions of 210,023 tCOâ‚‚e using the market-based method and 282,124 tCOâ‚‚e using the location-based method.a
Has Nexen Tire reduced its Scope 2 emissions over time?
Compared to the previous year(2023), Nexen Tire's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Nexen Tire's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Nexen Tire use for Scope 2 reporting?
In 2024, Nexen Tire reported its Scope 2 emissions using the market-based method and using the location-based method.a
Nexen Tire's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Nexen Tire's Value Chain Emissions
In 2024, Nexen Tire reported 17,365,553 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Nexen Tire includes a breakdown across 15of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Nexen Tire's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Nexen Tire's Scope 3 emissions?
In 2024, Nexen Tire reported total Scope 3 emissions of 17,365,553 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 6.93%of these emissions originated from upstream activities such as purchased goods and capital goods, while 93.07%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Nexen Tire's Scope 3 emissions remained relatively stable, indicating that Nexen Tire's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Nexen Tire disclose?
In 2024, Nexen Tire reported emissions for 15 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Nexen Tire's Scope 3 emissions?
In 2024, the largest contributors to Nexen Tire's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 15,442,240 tCOâ‚‚e(88.92%)
- Purchased Goods and Services (Cat. 1): 1,013,380 tCOâ‚‚e(5.84%)
- End-of-Life Treatment of Sold Products (Cat. 12): 712,923 tCOâ‚‚e(4.11%)
Nexen Tire's Scope 3 Emissions by Categories
Insights into Nexen Tire’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Nexen Tire reported Scope 1 greenhouse gas (GHG) emissions of 80,237 tCOâ‚‚e and total revenues of USD 1,941 millions. This translates into an emissions intensity of 41.34 tCOâ‚‚e per millions USD.a
Nexen Tire's Scope 1 Emissions Intensity Compared to Peers
How does Nexen Tire's GHG emissions intensity compare to its peers?
In 2024, Nexen Tire reported a Scope 1 emissions intensity of 41.34 tCOâ‚‚e per millions USD. Compared to the peer group median of 11.04, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Nexen Tire rank on GHG emissions intensity within its industry?
In 2024, Nexen Tire ranked 19 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Nexen Tire is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Nexen Tire's Total Carbon Footprint
In 2024, Nexen Tire reported a total carbon footprint of 17,727,914 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.14% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Nexen Tire's total carbon footprint was Scope 3 emissions, accounting for 97.96% of the company's total carbon footprint, followed by Scope 2 emissions at 1.59%.a