Nokian Tyres published its Corporate Sustainability Report for 2015

Nokian Tyres plc  Press release  5 April, 2016

Nokian Tyres plc has published its Corporate Sustainability Report for 2015. The Corporate Sustainability Report is available in Finnish and English on the company’s website at www.nokiantyres.com/company/sustainability/.

The report is based on the international, widely adopted GRI G4 guidelines that divide sustainability into three main groups (financial, environmental and social sustainability and their different subgroups). The presently published report is the third GRI report from Nokian Tyres and, in the interests of quality assurance, it has now been externally assured for the first time.

In February 2016, Nokian Tyres’ President and CEO Ari Lehtoranta explained in a newspaper interview that the company’s internal inspection activities have revealed problems related to magazine testing practices.
– Last year, product development was one of the targets for internal audits. The investigations revealed flaws in our magazine testing practices. When the results were confirmed, we wanted to take responsibility and came out with the findings in early 2016. We apologised for not having acted in line with our principles in the past. Transparency and sustainability offer the best starting points for the development of our company, says Ari Lehtoranta, President and CEO for Nokian Tyres, in the Corporate Sustainability Report for 2015.

The report explains the sustainability processes at Nokian Tyres. The Corporate Sustainability website also includes the company’s test tyre policy www.nokiantyres.com/company/sustainability/world-on-wheels/test-tyre-policy.

Updating the test tyre policy is a part of Nokian Tyres’ sustainability work which was developed during the reporting period: the new Corporate Sustainability workgroup that started in April 2015 has launched more than 50 different sustainability related projects that will last until 2017.

The company also joined external projects promoting sustainability during the fiscal period. The Responsible Care programme for the chemical industry covers all business activities related to sustainable development. In December 2015, Nokian Tyres signed the UN’s Global Compact initiative and registered as a supporting member for the initiative. The company also participates in the sustainable development initiative for natural rubber (SNR-i, IRSG) that aims to promote sustainable development for natural rubber at all stages of the supply chain and to promote commitment towards the common goals among all the suppliers in the chain.

– We are working harder than ever in order to improve trust and to develop our activities across the entire field of sustainability. In addition to setting an example ourselves, we want to use all available means to make the entire industry more transparent, says President and CEO Lehtoranta.

Further information: Teppo Huovila, Vice President, Quality, Sustainability and ICT,
tel. +358 10 401 7701,
teppo.huovila@nokiantyres.com.

Nokian Tyres plc

Antti-Jussi Tähtinen
Vice President, Marketing and Communications

Distribution: media and www.nokiantyres.com

Nokian Tyres is the world’s northernmost tyre manufacturer. The company promotes and facilitates safe driving in demanding conditions. It supplies innovative tyres for cars, trucks and special heavy machinery mainly in areas with special challenges on tyre performance: snow, forests and harsh driving conditions in different seasons. Nokian Tyres’ product development is consistently aiming for sustainable solutions for safety and the environment, taking into account the whole life cycle of the tyre. A part of the Nokian Tyres group, the tyre chain Vianor has 1,475 outlets in 26 countries. In 2015 Nokian Tyres had approximately 4,400 employees and net sales of approximately 1,4 billion euros. Nokian Tyres’ share is listed on the Nasdaq Helsinki. Further information: www.nokiantyres.com

About Us

Nokian Tyres is the world’s northernmost tyre manufacturer and one of the most sustainable companies in the industry. We offer peace of mind in all conditions by developing high-quality, safe and eco-friendly tyres for passenger cars, trucks and heavy machinery. We are especially well known for our innovative winter tyres. Our group also includes the Vianor chain, specialising in vehicle maintenance and tyre services. In 2017, the company’s turnover was approximately EUR 1.6 billion and it employed some 4,600 people. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com

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