Nexteer Automotive Group Ltd

Common Name
Nexteer Automotive Group
Country
United States
Sector
Consumer Cyclical
Industry
Auto Parts
Employees
12,600
Ticker
1316
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Nexteer Automotive Group Ltd. is a prominent global supplier specializing in steering and driveline systems for some of the world's leading automobile manufacturers. Established with a focus on provid...

Nexteer Automotive Group's GHG Emissions Data Preview

In 2023, Nexteer Automotive Group 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).

However, Nexteer Automotive Group has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Nexteer Automotive Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Nexteer Automotive Group amounted to 216,848 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Nexteer Automotive Group decreased by 3.28%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Nexteer Automotive Group's Scope 1 Emissions Over Time

202120222023015 k30 k45 k60 ktCO2e-2%-11%
  • Total Scope 1
  • Year-over-Year Change

What are Nexteer Automotive Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Nexteer Automotive Group were 39,210 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Nexteer Automotive Group reduced its Scope 1 emissions over time?

Since 2021, Nexteer Automotive Group's Scope 1 emissions have decreased by 13.25%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Nexteer Automotive Group's Scope 1 emissions decreased by 11.34%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Nexteer Automotive Group's Scope 2 emissions?

In 2023, Nexteer Automotive Group reported Scope 2 greenhouse gas (GHG) emissions of 177,638 tCOâ‚‚e using the market-based method.

Has Nexteer Automotive Group reduced its Scope 2 emissions over time?

Since 2021, Nexteer Automotive Group's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have remained relatively stable, indicating that Nexteer Automotive Group 's emissions have plateaued with no significant change in its energy consumption footprint.

Compared to the previous year (2022), Nexteer Automotive Group's Scope 2 emissions (Market-Based) have remained relatively stable, indicating that Nexteer Automotive Group 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Nexteer Automotive Group use for Scope 2 reporting?

In 2023, Nexteer Automotive Group reported its Scope 2 emissions using the market-based method.

Nexteer Automotive Group's Scope 2 Emissions Over Time

202120222023050 k100 k150 k200 ktCO2e
  • Total Scope 2 Market-Based

Insights into Nexteer Automotive Group's Value Chain Emissions

In 2023, Nexteer Automotive Group reported 1,847,712 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Nexteer Automotive Group includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Nexteer Automotive Group's Scope 3 Emissions Over Time

2021202220230500 k1 M1.5 M2 MtCO2e+11%+13%
  • Total Scope 3
  • Year-over-Year Change

What are Nexteer Automotive Group's Scope 3 emissions?

In 2023, Nexteer Automotive Group reported total Scope 3 emissions of 1,847,712 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Nexteer Automotive Group reduced its Scope 3 emissions over time?

Since 2021, Nexteer Automotive Group's Scope 3 emissions have increased by 25.36%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Nexteer Automotive Group's Scope 3 emissions increased by 13.13%, suggesting that the company faced challenges in reducing emissions across its value chain.

Insights into Nexteer Automotive Group's Total Carbon Footprint

In 2023, Nexteer Automotive Group reported a total carbon footprint of 2,064,560 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.15% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Nexteer Automotive Group's total carbon footprint was Scope 3 emissions, accounting for 89.5% of the company's total carbon footprint, followed by Scope 2 emissions at 8.6%.