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 Waste Data Preview

In 2023, Nexteer Automotive Group conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards. The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.

Metric (tonnes)2024202320222021 - 2017
Total Waste Generated
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Total Waste Recovered
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Total Hazardous Waste Generated
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Non-Hazardous Waste Disposed
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This table provides a simplified preview of selected waste data points. To access the complete dataset with full disclosures and structure, create a free account to purchase the full dataset.

Insights into Nexteer Automotive Group's Waste Treatment Practices

In 2023, Nexteer Automotive Group generated a total of 76,789 metric tonnes of waste.

Of this amount, 94.97% of Nexteer Automotive Group's total waste generated was recovered through methods such as recycling, reuse, or composting, while 4.54% was disposed of through landfilling, incineration, or combustion.

Nexteer Automotive Group's Waste Recovery Rate

95%

How much of Nexteer Automotive Group's waste is recycled or recovered?

In 2023, Nexteer Automotive Group reported a total waste generation of 76,789 metric tonnes, of which 94.97% was recovered through recycling, reuse, or composting. This high recovery rate suggests that Nexteer Automotive Group has implemented strong circular economy practices and actively prioritizes sustainable waste management.

Has Nexteer Automotive Group reduced its environmental waste footprint over time?

Since 2021, Nexteer Automotive Group's total waste generation increased by 6.29%, including a 11.63% increase in 2023, indicating a persistent upward trend that may reflect scaling operations, inefficiencies in resource use, or a lack of effective waste minimization practices.

Over the same period, Nexteer Automotive Group's waste recovery rate increased by 1.1%, including a 1.62% rise in 2023, indicating growing emphasis on circularity and improved operational practices for diverting waste from disposal.

Overall, Nexteer Automotive Group has seen a consistent rise in waste generation both over the long term and in the year 2023. However, the company has also steadily improved its waste recovery performance, suggesting that it is actively working to offset the environmental consequences of increased production through enhanced circularity efforts.

Nexteer Automotive Group’s Waste Recovery vs. Disposal Over Time

202120222023020 k40 k60 k80 ktonnes
  • Total Waste Disposed
  • Total Waste Recovered

Insights into Nexteer Automotive Group’s Generation of Hazardous and Non-Hazardous Waste

In 2023, Nexteer Automotive Group generated a total of 76,789 metric tonnes of waste.

Of this amount, 6.08% of Nexteer Automotive Group's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment. 93.92% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls.

Nexteer Automotive Group’s Hazardous vs Non-Hazardous Waste Over Time

202120222023020 k40 k60 k80 ktonnes
  • Total Non-Hazardous Waste Generated
  • Total Hazardous Waste Generated

How Nexteer Automotive Group reduced the environmental impact of its waste?

Since 2021, Nexteer Automotive Group's total waste generation increased by 6.29%, including a 11.63% rise in 2023, reflecting a persistent upward trend that could be linked to operational growth, inefficient material use, or limited investment in waste prevention systems.

Over the same period, Nexteer Automotive Group reduced the hazardousness of its waste by 10.08%, with a further 1.09% decline in 2023, suggesting a sustained and meaningful shift toward safer waste profiles and lower environmental impact.

Overall, Nexteer Automotive Group is generating more waste but has significantly reduced the share of hazardous materials, suggesting a partial decoupling of volume and toxicity that could reflect more responsible inputs or enhanced treatment.

How does Nexteer Automotive Group treat its hazardous waste?

In 2023, Nexteer Automotive Group reported that 4,667 metric tonnes of its total waste output were classified as hazardous. This represents 6.08% of its overall waste generation.

The company treated this hazardous waste using a combination of methods. A majority (57.62%) was diverted from disposal through recovery-oriented treatments such as recycling or reuse. This suggests that Nexteer Automotive Group has established processes to reduce the environmental burden of its most harmful waste streams.

Breakdown of Nexteer Automotive Group's Hazardous and Non-Hazardous Waste by Treatment Method

Non-Hazardous WasteRecovered(91.9%)
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