- GHG emissions primarily driven by energy demand
- Five operating facilities located in regions with high or extremely high water stress
Neo Performance Materials
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Neo Performance Materials disclosed greenhouse gas emissions of 125.0K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 17.1K tCO2e/year; Scope 2: 107.9K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
125.0K tCO2e/year (Scope 1 & 2)
2023
Renewable Energy
22.9%
of total energy
Water Usage
2.386 million m3/year (withdrawal)
2023
Waste
7.4K tons/year
2023
Energy Use
1.07 million GJ/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 17.1K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 107.9K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 125.0K tCO2e/year (Scope 1 & 2) |
| 2022 | 121.0K tCO2e/year (Scope 1 & 2 combined) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Added clean energy to current facilities through solar panel installations and improved production processes
- Launched a robust greenhouse gas (GHG) measurement and long-range scenario planning exercise to set realistic carbon emission reduction targets
- Completed exterior construction of a new energy-saving magnets facility in Estonia (production start in early 2025)
- Relocated a major operating facility in China to reduce heavy industry concentration in a high-stress water region and mitigate groundwater risks
- Continued investment in air, water, and waste emissions technologies at manufacturing sites, often exceeding local regulatory guidelines
- Korat, Thailand facility achieved 40% peak time electricity usage from solar energy, offsetting roughly 15% of total energy consumption in 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Finalize internal evaluation of historical GHG emissions and reduction opportunities
- Develop and implement effective strategies to reduce carbon footprint
🔭 Long-term
- Long-term GHG emission reduction planning and strategizing
🌱 ESG Focus Areas
EnvironmentalSocialGovernance