NEC

Electrical Components & Equipment
6701.T
JPY 9,882 2.1
Share price
$ 18 bn
Market Cap
$ 21 bn
Enterprise Value

Carbon footprint

15 Ton
GHG emissions per $ 1 mln investment
0.46x the weighted average for S&P 500
FY2021
How is this calculated?
-12%
YOY change in GHG emissions
Weaker than the +0.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

This company has not set a company-wide target for an absolute reduction in GHG emissions yet

but has a science based goal that does not target absolute reductions but is still aligned with Paris Agreement according to SBTi

GHG emissions and Carbon intensity

NEC's GHG emissions (market-based) (Kt of CO2e)

NEC's carbon footprint

NEC reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 March 2021 at 327 Kt (-46 /-12.3% y-o-y).

NEC's Scope 3 emissions declined to 6,158 Kt (-838 /-12% y-o-y). This is a higher rate of decline than over the period since 1Q'16 (-6.6% CAGR).

The company is committed to reducing Scope 3 by 33% by 2031 from a base year 2018, which translates into the estimated reduction of -106 Kt per annum over the period of FY2022 - FY2031. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

NEC also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. NEC Corporation commits to reduce absolute scope 1 and 2 GHG emissions 55% by FY2030/31 from a FY2017/18 base year. NEC Corporation also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, fuel and energy related activities and use of sold products 33% by FY2030/31 from a FY2017/18 base year.

Company environmental metrics

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