GlobalData offers a comprehensive analysis of Nippon Sheet, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Nippon Sheet’s ESG performance. GlobalData’s company profile on Nippon Sheet offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Nippon Sheet, a global glass manufacturing company, is committed to reduce greenhouse gas (GHG) emissions. The company aims to achieve carbon neutrality by 2050 and has raised its carbon reduction target for GHG emissions from manufacturing processes (Scope 1 and Scope 2) by 2030 from 21% to 30%. Additionally, Nippon Sheet has added reduction of GHG emissions from the supply chain (Scope 3) by 30% as another reduction target for 2030. In terms of CO 2 emissions, Nippon Sheet Glass Company Limited (NGS Group), in 2022 reported 2,910 ktCO2e from scope 1 emissions and 719 ktCO2e (location based) and 542 ktCO2e (market-based) from scope 2 emissions and 3,276 ktCO2e from scope 3.
To achieve these targets, the company has already taken significant steps and has plans for future actions. Nippon Sheet is actively promoting climate change-related initiatives, including the development of disruptive innovations and optimization of glass manufacturing processes. The company is also focusing on the development of energy-saving technologies, the introduction of alternative fuels and renewable energies, and the improvement of supply chains. Notably, in April 2022, the company successfully conducted the world's first experiment in float glass production using 100% biofuels.
In terms of emissions reduction, Nippon Sheet has been working towards reducing carbon emissions (Scope 1 and Scope 2) by 2% annually during the RP24 period until 2024. The company has also aligned its climate-related disclosures with the Taskforce on Climate-related Financial Disclosures (TCFD) and utilizes the Carbon Disclosure Project (CDP) framework for reporting.
Nippon Sheet recognizes that tackling climate change and environmental issues is a significant management challenge for sustainable growth. The company has established a Sustainability Committee that oversees various initiatives, including energy and decarbonization efforts. Sub-committees are also set up to address health and safety, human resources, and diversity, equity, and inclusion.
In conclusion, Nippon Sheet is dedicated to attaining carbon neutrality by the year 2050. The company has set specific targets for reducing GHG emissions, with interim targets for 2030, and is actively implementing measures to achieve these goals. Through innovative technologies, energy-saving initiatives, and sustainable practices, Nippon Sheet is working towards a more environmentally responsible future.
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