Nidec Named Supplier Engagement Leader in 2024 CDP Rankings

Nidec Named 2024 Supplier Engagement Leader by CDP for Climate Action in Supply Chain

Nidec Corporation, a global leader in motor manufacturing and energy-efficient solutions, has been recognized as a 2024 Supplier Engagement Leader by CDP (formerly known as the Carbon Disclosure Project), a globally respected environmental non-profit. This prestigious designation is awarded to companies demonstrating exemplary performance in managing climate change-related issues within their supply chains.

The Supplier Engagement Rating (SER), one of CDP’s evaluation mechanisms, assesses how effectively companies are engaging with suppliers to combat climate change. The SER is based on company responses to CDP’s annual Climate Change Questionnaire, which includes criteria across four key areas: governance, emissions targets, Scope 3 emissions, and value chain engagement. Nidec received high marks in all these areas, standing out for its proactive supplier engagement and commitment to climate-conscious practices across its global operations.

Nidec’s recognition as a Supplier Engagement Leader places it among the top companies worldwide striving to reduce environmental impact beyond their direct operations. This highlights not only the company’s internal efforts but also its success in encouraging climate accountability throughout its supply chain.

Operating across numerous countries and regions, Nidec Group views sustainability as a central pillar of its long-term corporate strategy. The company has identified “contributing to a sustainable global environment” as a core opportunity within its broader Environmental, Social, and Governance (ESG) initiatives. This commitment aligns with Nidec’s corporate mission: “Contribute to the Earth with the world’s most powerful motors.”

Building on this vision, Nidec has committed to ambitious carbon-reduction goals that extend across all facets of its operations. These include achieving net zero CO₂ emissions from its business activities by fiscal year 2040, and expanding this to include its entire supply chain by fiscal year 2050. Attaining CDP’s Supplier Engagement Leader status affirms Nidec’s progress toward these targets and underscores its leadership role in global decarbonization efforts.

As part of its sustainability roadmap, Nidec is leveraging its advanced motor technologies and energy-saving innovations to support the transition to a carbon-neutral economy. From electric vehicle motors and industrial automation to energy-efficient appliances, the company’s products are helping customers worldwide reduce energy consumption and emissions.

This recognition also reflects Nidec’s ability to foster meaningful collaboration with its suppliers, encouraging them to adopt sustainable practices and measure their environmental performance. These initiatives are essential for addressing Scope 3 emissions, which typically account for the largest share of a company’s total carbon footprint. Nidec has implemented robust tracking and engagement processes to monitor supplier emissions and guide them toward continuous improvement.

About CDP

CDP is a not-for-profit organization that operates the world’s leading environmental disclosure system. Founded in 2000, it works with investors, companies, cities, states, and regions to manage their environmental impacts. CDP collects self-reported data on climate change, water security, and deforestation, providing transparency and accountability across sectors.

In 2024, more than 24,800 companies—representing approximately two-thirds of global market capitalization—responded to CDP’s questionnaires, demonstrating the growing importance of environmental disclosure and sustainable supply chain practices.

Nidec’s inclusion in the CDP Supplier Engagement Leaderboard places it among the top 8% of companies assessed for supplier engagement. This accomplishment not only enhances its reputation among investors and stakeholders but also strengthens its positioning as a responsible and future-ready global manufacturer.

As climate risks continue to shape global markets and regulatory frameworks, Nidec’s leadership in supplier engagement and decarbonization efforts stands as a model for the manufacturing industry and beyond.

Source link

Newsletter Updates

Enter your email address below and subscribe to our newsletter