Metrics and Targets

Metrics and Targets

TCFD Recommendation

  • Describe the metrics used by the organization to assess climate related risks and opportunities in line with its strategy and risk management process

NSG Group Approach

  • NSG Group monitors all GHG emissions across the supply chain (scope 3), own operations (scope 1 & 2) and customer impacts (scope 3). The primary metric tracked is absolute tonnes of CO2 emissions across these three emission scopes. Supplier sustainability impacts are also tracked using software tools such as the EcoVadis platform. Future predictions of the GHG emissions are used to estimate the impact of the various actions for GHG emission mitigation, with a hierarchal approach of these actions to ensure investment and implementation is optimised according to the strategic risk and opportunity for each action and overall impact to the Group goals and targets.
  • These actions are incorporated into the NSG decarbonization roadmap at company and local (e.g. manufacturing site) level.

Further Disclosure / Information sources

https://www.nsg.com/en/sustainability/sustainability-of-nsg-group/target-and-results

TCFD Recommendation

  • Disclose scope 1, scope 2 and if appropriate scope 3 greenhouse gas (GHG) emissions and the related risks

NSG Group Approach

  • CO2 emissions in the baseline year for the NSG Group SBT were as Scope 1 = 3,103 ktonnes. Scope 2 (market) = 891 ktonnes*. Scope 3 = 2,591 ktonnes.
  • In the latest report year (CY2021) the emissions across the three scopes were as follows; Scope 1 = 3,028 ktonnes. Scope 2 (market) = 622 ktonnes**. Scope 3 = 3,556 ktonnes.
  • A program of operational decarbonization actions has supported and will continue to support achievement of GHG emission reductions. These actions play a key role in the climate change risk mitigation strategy of NSG Group.
  • These actions are formally managed as the NSG Group decarbonization roadmap within the climate change governance structure. The decarbonization roadmap is an overview of detailed action plans at operation site level defined to support the delivery of the mid term NSG Group SBT. The high level roadmap is summarised in the figure below;

* Scope 2 (location) in the baseline year was 1,050 ktonnes.
** Scope 2 (location) in the latest year was 749 ktonnes.

Further Disclosure / Information sources

CDP report 2022 C4,C6,C7.

TCFD Recommendation

  • Describe the targets used by the organization to manage climate related risks and opportunities and performance against targets

NSG Group Approach

  • The NSG Group established a SBT verified in 2019. This target was a 21% reduction in absolute CO2 emissions across Scope 1 and Scope 2.
  • SBTi is a partnership between CDP (former Carbon Disclosure Project), UN Global Compact, WRI (World Resources Institute) and WWF (World Wildlife Fund), which helps companies set the science-based goals for reducing GHG emissions to prevent the impact of climate change.
  • In 2021, the NSG Group evaluated this target and took the decision to increase the level of ambition for this target in terms of the level of reduction and emission scopes included, as well as the introduction of a formal commitment to achieve carbon neutrality.
  • This revised target was verified by the SBTi in May 2022. The target is a 30% reduction in absolute CO2 emissions across Scope 1 + Scope 2 and Scope 3 to be achieved by 2030 (vs a 2018 baseline).
  • 2021 performance against this revised target has been challenging due to several aspects associated with the absolute reduction nature of this target;
    • Economic recovery post Covid19 pandemic has resulted in increased production output of products
    • NSG Group continues to invest in new operational assets, with the establishment of a new production facility in the USA (Luckey) and in Argentina (Cardales)
    • Customer demand for high performance glazing products to support the low carbon transition, e.g. high thermal performance glazing results in a higher embodied carbon content of the product in it's manufacture.
    • Increased analysis and understanding of emission impacts, especially Scope 3 emissons has resulted in an increase in the level of emissions reported.
  • These 'negative' aspects have been offset by the ongoing program of activities to reduce operational CO2 emissions across the NSG Group. These activities include;
    • Continued implementation of operational efficiency improvement measures
    • Increased proportion of electricity from certified renewable generation sources
    • Implementation of R&D trials in specific aspects of decarbonization technologies, e.g. the use of alternative fuel technologies.
  • Moving forwards, the implementation of the NSG decarbonization roadmap will overcome the 'negative' market aspects leading to a reduction in absolute CO2 emissions whilst maximising the opportunities associated with continued development of carbon saving products and expansion of NSG operations. For more details, please refer to "Roadmap to Carbon Neutrality".

Roadmap to Carbon Neutrality for 2050

Further Disclosure / Information sources

CDP report 2022 C4.1a - 4.2b

https://www.nsg.com/en/sustainability/sustainability-of-nsg-group/climate-change/reducing-CO2-emissions

We value your privacy

We use cookies on this website for analytics, remarketing, social media (optional) and content (essential) purposes.

By clicking ‘Accept All’ you consent to the use of cookies for non-essential functions and the related processing of personal data. Alternatively you can reject non-essential cookies by clicking ‘Essential Only’. You can adjust your preferences at any time by visiting our Cookie Policy and access the settings on that page.

For more information please read our