Energy Efficiency, GHG Emissions, Industrial  -  September 16, 2024

Nidec Group's Goals Validated by SBTi

Nidec Corporation, a Japanese motor manufacturer, announced that Nidec Group’s CO2 reduction targets have been validated by the Science Based Targets initiative (SBTi). 

This validation acknowledges the company’s CO2 reduction targets, which were set in March 2024, according to a statement.

The company’s targets for CO2 reduction are the following:

• Scope 1 and 2: Reduce 42% by FY2030 (compared to FY2022)
• Scope 3:  Reduce 25% by FY2030 (compared to FY2022)

In "Vision 2025," announced in July 2021, Nidec aimed "To be a top-rated ESG company" as a key strategy and set a target to achieve net-zero in Scope 1 and 2 emissions by FY2040. In March 2024, the company also set new mid- and long-term CO2 reduction targets, including Scope 3 emissions.

To achieve the targets, the company will reduce CO2 emissions in its business operation by implementing renewable energy and energy-saving initiatives. Furthermore, the company will work to reduce CO2 emissions across its value chain by developing energy-efficient products and resource-saving products using its light, thin, short and small technologies and by using low-carbon materials.