Nitto Denko Corp

Common Name
Nitto Denko
Country
Japan
Sector
Basic Materials
Industry
Specialty Chemicals
Employees
25,769
Ticker
6988
Exchange
TOKYO STOCK EXCHANGE
Description
Nitto Denko Corporation is a multifaceted chemical manufacturing company based in Osaka, Japan. As a leader in the field of advanced materials, the company specializes in the production of a wide rang...

Nitto Denko's GHG Emissions Data Preview

In 2023, Nitto Denko 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).

Nitto Denko has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 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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Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
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Verified Sources Behind Nitto Denko’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 Nitto Denko’s data sources below and access millions more through our Disclosure Search.

a. Nitto Denko's CDP Climate sourced from company’s website 2023
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b. Nitto Denko's Financial & Extra-Financial Disclosure 2022
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Insights into Nitto Denko's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Nitto Denko amounted to 701,702 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 2022, the total operational greenhouse gas (GHG) emissions of Nitto Denko decreased by 2.36%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Nitto Denko's Scope 1 Emissions Over Time

201820192020202120222023095 k190 k285 k380 ktCO2e-6%-3%-1%0%-9%
  • Total Scope 1
  • Year-over-Year Change

What are Nitto Denko's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Nitto Denko were 299,497 metric tons of CO₂ equivalent (tCO₂e). a

Has Nitto Denko reduced its Scope 1 emissions over time?

Since 2018, Nitto Denko's Scope 1 emissions have decreased by 17.95%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), Nitto Denko's Scope 1 emissions decreased by 9.34%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Nitto Denko's Scope 2 emissions?

In 2023, Nitto Denko reported Scope 2 greenhouse gas (GHG) emissions of 271,288 tCO₂e using the market-based method and 402,205 tCO₂e using the location-based method. a

Has Nitto Denko reduced its Scope 2 emissions over time?

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

What methodology does Nitto Denko use for Scope 2 reporting?

In 2023, Nitto Denko reported its Scope 2 emissions using the market-based method and using the location-based method. a

Nitto Denko's Scope 2 Emissions Over Time

2018201920202021202220230150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Nitto Denko's Value Chain Emissions

In 2023, Nitto Denko reported 687,726 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 2023 disclosure of Nitto Denko includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, down from 8 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a

Nitto Denko's Scope 3 Emissions Over Time

2018201920202021202220230250 k500 k750 k1 MtCO2e-9%+26%+35%0%-31%
  • Total Scope 3
  • Year-over-Year Change

What are Nitto Denko's Scope 3 emissions?

In 2023, Nitto Denko reported total Scope 3 emissions of 687,726 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Nitto Denko reduced its Scope 3 emissions over time?

Since 2018, Nitto Denko's Scope 3 emissions have remained relatively stable, indicating that Nitto Denko 's emissions have plateaued with no significant change in its value chain footprint. a b

Compared to the previous year (2022), Nitto Denko's Scope 3 emissions decreased by 30.57%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does Nitto Denko disclose?

In 2023, Nitto Denko 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.

What are the main sources of Nitto Denko's Scope 3 emissions?

In 2023, the largest contributors to Nitto Denko's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 438,837 tCO₂e (63.81%)
  • Capital Goods (Cat. 2): 127,481 tCO₂e (18.54%)
  • Fuel- and Energy-Related Services (Cat. 3): 70,378 tCO₂e (10.23%)

Nitto Denko's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(63.8%)Capital Goods(Cat. 2)(18.5%)Fuel- andEnergy-RelatedServices (Cat. 3)(10.2%)

Insights into Nitto Denko's Total Carbon Footprint

In 2023, Nitto Denko reported a total carbon footprint of 1,389,428 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 18.71% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Nitto Denko's total carbon footprint was Scope 3 emissions, accounting for 49.5% of the company's total carbon footprint, followed by Scope 2 emissions at 28.95%. a

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