NEC

Electrical Components & Equipment
6701.T
JPY 4,935 (0.1)%
Share price
$ 9.5 bn
Market Cap
$ 13 bn
Enterprise Value

Carbon footprint

25 Ton
GHG emissions per $ 1 mln investment
0.68x the weighted average for S&P 500
FY2021
How is this calculated?
-12%
YOY change in GHG emissions
Weaker than the +4.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-5.4%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

NEC aims to reduce Scope 1 + 2 by 55% by 2031 from a base year 2018


This target has not been verified as science based according to SBTi
NEC's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-1.7%
Proj. YOY change in GHG emissions (Scope 3)
Weaker than the -6.1% weighted average for S&P 500
FY2022
How is this calculated?

NEC aims to reduce Scope 3 by 33% by 2031 from a base year 2018


This target has not been verified as science based according to SBTi
NEC's actual and proj. GHG emissions (Scope 3) (Kt of CO2e)

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 1 + 2 by 55% by 2031 from a base year 2018, which translates into the estimated reduction of -17 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.

Also, the company commits 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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