NOF Corp

Common Name
NOF
Country
Japan
Sector
Basic Materials
Industry
Specialty Chemicals
Employees
3,879
Ticker
4403
Exchange
TOKYO STOCK EXCHANGE
Description
Nof Corporation is a prominent player in the chemical industry, primarily engaged in manufacturing and distributing a broad spectrum of chemical products. As a company operating in the speciality chem...

NOF's GHG Emissions Data Preview

In 2023, NOF 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).

NOF has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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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 NOF's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of NOF amounted to 159,200 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 NOF decreased by 9.13%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

NOF's Scope 1 Emissions Over Time

202120222023020 k40 k60 k80 ktCO2e+29%-18%
  • Total Scope 1
  • Year-over-Year Change

What are NOF's Scope 1 emissions?

In 2023, the total Scope 1 emissions of NOF were 58,600 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has NOF reduced its Scope 1 emissions over time?

Since 2021, NOF's Scope 1 emissions have increased by 5.4%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), NOF's Scope 1 emissions decreased by 18.5%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are NOF's Scope 2 emissions?

In 2023, NOF reported Scope 2 greenhouse gas (GHG) emissions of 100,600 tCOâ‚‚e without specifying the calculation method.

Has NOF reduced its Scope 2 emissions over time?

Since 2021, NOF's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that NOF 's emissions have plateaued with no significant change in its energy consumption footprint.

Compared to the previous year (2022), NOF's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that NOF 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does NOF use for Scope 2 reporting?

In 2023, NOF reported its Scope 2 emissions using an unspecified methodology.

NOF's Scope 2 Emissions Over Time

202120222023030 k60 k90 k120 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into NOF's Value Chain Emissions

In 2023, NOF reported 592,400 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 NOF includes a breakdown across 9 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.

NOF's Scope 3 Emissions Over Time

2021202220230150 k300 k450 k600 ktCO2e+553%+51%
  • Total Scope 3
  • Year-over-Year Change

What are NOF's Scope 3 emissions?

In 2023, NOF reported total Scope 3 emissions of 592,400 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 96.89% of these emissions originated from upstream activities such as purchased goods and capital goods, while 3.11% came from downstream activities like product use, distribution, and end-of-life treatment.

Has NOF reduced its Scope 3 emissions over time?

Since 2021, NOF's Scope 3 emissions have increased by 884.05%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), NOF's Scope 3 emissions increased by 50.58%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does NOF disclose?

In 2023, NOF reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

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

In 2023, the largest contributors to NOF's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 453,300 tCOâ‚‚e (76.52%)
  • Capital Goods (Cat. 2): 53,300 tCOâ‚‚e (9%)
  • Fuel- and Energy-Related Services (Cat. 3): 29,100 tCOâ‚‚e (4.91%)

NOF's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(4.9%)Capital Goods(Cat. 2)(9.0%)Purchased Goods andServices (Cat. 1)(76.5%)

Insights into NOF's Total Carbon Footprint

In 2023, NOF reported a total carbon footprint of 751,600 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 32.18% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to NOF's total carbon footprint was Scope 3 emissions, accounting for 78.82% of the company's total carbon footprint, followed by Scope 2 emissions at 13.38%.