Nidec Conversion unveils its first ESG Improvement Plan for the three-year period 2025-2028 “Powering the Change, Driving Sustainability”.
The company’s first three-year Sustainability Plan aims to achieve Net Zero by 2040 in Scope 1 and Scope 2 CO2 emissions and by 2050 along the entire value chain (Scope 3), starting in the three-year period 2025-2028, involving the corporate population, and the supply chain as well
The ESG Improvement Plan is articulated on 8 Sustainable Development Goals (UN – SDGs) to be pursued through 48 strategic actions in the Environment, Social and Governance areas
Goals include reducing water consumption by one-third by 2028 and targeting 50% renewable electricity by 2030.
Milan, 15 July 2025 – Nidec Conversion, among the largest international players in power solutions, industrial automation, power quality and BESS (Battery Energy Storage System), as well as a market leader in technologies using renewable energy, today presents its first Environmental, Social & Governance (ESG) Improvement Plan summarized in the project claim Powering the Change, Driving Sustainability.
Nidec Conversion, with manufacturing plants in Europe, China, India and the United States, confirms its commitment to promoting a sustainable energy transition of its production processes, supply chain and product innovation, providing advanced technologies to support the industry and actively contributing to the fight against climate change.
Nidec Conversion is based in Milan, Italy, and has more than 2,200 employees and 11 global production sites to support growth in industries including BESS, drives and electric vehicle (EV) charging. The company takes an integrated approach to environmental sustainability, focusing on responsible resource management, energy efficiency, and waste reduction through the implementation of innovative solutions. This way, Powering the Change, Driving Sustainability outlines the company’s comprehensive approach to environmental management, social responsibility and economic sustainability.
As part of Nidec Corporation (“Nidec Group”), a global leader in electric motors and drives, Nidec Conversion offers products oriented toward optimizing consumption. Nidec Conversion’s products position the Nidec Group at the forefront of the energy storage industry, including projects in hydrogen technology, projects for the electrification of port docks, and electric vehicle charging station installations to accelerate the global energy transition.
Nidec Conversion continues to grow as an industry leader because of its ability to successfully navigate sensitive market dynamics, ensuring that clients receive not only the high-quality products but also the strategic support needed to actualize shared sustainability goals.
With an initial roadmap to be implemented between now and 2028, Nidec Conversion’s ESG Improvement Plan starts from a materiality map to guide several key actions: reducing pollution from both customers’ end applications and Nidec Conversion operational activities, supporting customers and partners to achieve their own decarbonization goals; ensuring a culture of sustainability, innovation, health and safety throughout the supply chain, emphasizing positive social impacts and generating benefits for the local area and local communities, and maintaining transparent and accountable corporate governance to build trust and long-term value.
The company will proceed in line with European Sustainability Reporting Standards (ESRS), accomplishing 8 distinct ESG targets, through 48 strategic actions (23 in Environmental, 16 in Social, and 9 in Governance) aligned with 14 Sustainable Development Goals. These targets and actions will be integrated into the company’s business activities over a three-year time frame, from 2025 to 2028.
Nidec Conversion will advance its environmental goals by addressing key issues such as climate change, biodiversity protection, and water management. The company aims to achieve Net Zero in Scope 1 and Scope 2 CO2 emissions by 2040 and by 2050 in Scope 3 through specific resolutions and by reassessing its supply chain to concretely reduce and control its impact on the ecosystem. Early environmental goals include reducing 42 percent CO2 emissions in Scope 1 and 2 by 2030, and reducing the production of indirection emissions (Scope 3) by 25 percent compared to FY2022 emissions.
This transition will be fueled by a rapid shift to renewable energy for business activities and operations, with the goal of transitioning 50% of Nidec Conversion’s total energy needs to renewable electricity by 2030.
In turn, the company strives to maximize energy system efficiency to accommodate the ever-growing global energy demand. For example, optimizing component weight enables a reduction in power density, reducing energy consumption for the use of technologies such as in the case of converters. In addition, by implementing advanced recycling systems and efficiency technologies, Nidec Conversion plans to reduce its water consumption by one-third within 2028. Similarly, pollution prevention strategies expect to keep air pollutants under control. Finally, Nidec Conversion is committed to sourcing from Conflict-free sources, ensuring that all sourced minerals are Conflict Free by applying due diligence and transparency in the supply chain.
Powering the Change, Driving Sustainability aims to generate a positive social impact as Nidec Conversion works to create a corporate culture based on health and safety, respect and equal opportunities, emphasizing the importance of people’s contribution within the organization and throughout the value chain. The company continues its commitment to safety with the goal of zero fatalities and serious injuries at work while promoting a proactive safety culture through employee involvement.
Nidec Conversion actively supports the development of local communities through educational programs, on-the-ground initiatives and strategic partnerships. This allows the company to progress towards its social goals in a way that is visible to the groups it benefits, with a focus on human rights, labor practices and community growth to ensure equal opportunities in all aspects of the workplace, business operations and service delivery.
Nidec Conversion adopts the highest standards of corporate governance, ensuring transparent, accountable and ethical management geared toward the creation of lasting value for all stakeholders – shareholders, employees, customers and the community – while strengthening the company’s long-term trust and credibility. This integrated approach to sustainability is monitored through comprehensive systems that track key performance indicators, with regular internal reviews and annual third-party audits.
Nidec Conversion’s Sustainability Plan has been structured to be updated periodically following the first three years of operation, with the inclusion of new goals and monitoring of the achievement of previous milestones, as defined by the ESG Improvement Plan itself.
The full Powering the Change, Driving Sustainability ESG Improvement Plan can be viewed in detail on Nidec Conversion’s website through this link: https://www.nidec-conversion.com/sustainability-2025/
Dominique Llonch, CEO and President of Nidec Conversion, and Nidec Energy’s Chairman declared: “Nidec Conversion has always positioned itself as a facilitator of the energy transition. Being able to unveil our first Sustainability Plan this year is a reason for us to be proud and a demonstration of the tangibility of the path we started several years ago,“ and he concluded, ”Today, it is clear that each and every actor must act to their best against climate change, and Nidec, which supports energy transport and saving, can make a difference with efficient and resilient technologies.”
Simone Cascioli, Global HSE & ESG Director added, “We believe that the value of our commitment to sustainable development comes through tangible actions, emphasizing the importance of the environment and local communities. This is why we have embarked on a journey that leads us today to the company’s first ESG Improvement Plan: a transparent roadmap of the goals we intend to achieve, inside and outside the world of Nidec Conversion.”
About Nidec Corporation
Nidec Corporation is the world’s leading electric motor manufacturer with 2024 revenues of over $17B USD. Founded in 1973 and headquartered in Kyoto, Japan, Nidec is a global company comprised of over 300 group companies and 100,000 employees with operations in more than 40 countries. A pioneer in electrification, Nidec is integral as a world-class global technology provider, localized manufacturer, and development partner in industries ranging from information technology, automotive, appliance, commercial, and industrial machinery. Nidec enables positive global change through innovative problem-solving.
For more information, visit Nidec’s website at www.nidec.com.
About Nidec Conversion
As part of the Nidec Motion & Energy Business Unit, Nidec Conversion offers complete, customised electrical systems for energy efficiency in all fields. Its target markets are petrochemical, traditional and renewable energy, e-mobility, steel, marine and industrial automation. The multinational company specialises in heavy-duty applications with electric motors and generators up to 65 MW power (87,000 hp), electronic power converters and inverters, automation and software for industrial processes, and the retrofitting of power plants and hydroelectric generators. In addition, the company has strong know-how in the field of integrated systems for the production and storage of electrical energy (i.e. BESS) from renewable sources and their integration into electricity grids, as well as in the design and implementation of infrastructures for recharging electrical machines. Nidec Conversion is also able to offer optimised technologies for motor control and to develop automation solutions for specific applications, customised to the client’s needs.
To learn more, visit the website: www.nidec-conversion.com
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