Nokian Tyres recognized for actions against climate change: Received a leadership-level score from the CDP
Nokian Tyres plc Press Release February 13, 2024, at 12:05 p.m. EET
Nokian Tyres scored an A- from CDP for its actions aimed at reducing greenhouse gas emissions and mitigating climate change-related risks. The annual CDP Climate Change report is deemed one of the most trusted indicators for performance on corporate climate change mitigation. Scores A and A- represent leadership level. This is the fourth consecutive year that Nokian Tyres has received an A- for its climate work.
CDP is a non-profit organization that runs a global environmental disclosure system for different organizations on environmental transparency and action on environmental questions. CDP scores organizations from D- to A based on the comprehensiveness and transparency of disclosure, awareness and management of environmental risks, and demonstration of best practices associated with environmental leadership.
“For Nokian Tyres, concrete sustainability actions and results are what matters. For example, the greenhouse gas emissions (Scope 1 and Scope 2) from Nokian Tyres' tire production in relation to turnover and production tons were again clearly the lowest of the companies that have tire industry as their main industry in the CDP reports," says Teppo Huovila, Vice President, Quality, Sustainability and Supply Operations Business Development.
In 2023 Nokian Tyres reached a key climate target seven years in advance. One of the company’s science-based greenhouse gas emissions reduction targets was to reduce the tire factories’ direct CO2 emissions by 52% per production ton by 2030 compared to the emissions level in 2015. The target was already achieved in 2023. Nokian Tyres also committed to setting targets to reach science-based net-zero greenhouse gas emissions by 2050.
To reduce the emissions from tire production, in 2023 Nokian Tyres started the construction of its new factory in Romania. It will be the first zero CO2 emissions factory in the tire industry. Additionally, Nokian Tyres joined the Polestar 0 project that aims to create a climate-neutral car by 2030. Nokian Tyres contributes to the project by developing climate-neutral premium tires.
Further information:
Teppo Huovila, Vice President, Quality, Sustainability and Supply Operations Business Development
Tel. +358 10 401 7701
Nokian Tyres develops and manufactures premium tires for people who value safety, sustainability and predictability. Inspired by our Scandinavian heritage, we craft innovative products for passenger cars, trucks and heavy machinery that give you peace of mind in all driving conditions. Our Vianor chain provides tire and car services. In 2023, our net sales totaled EUR 1,174 million. At the end of 2023 we employed over 3,400 professionals. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com
