Thu May 14 06:00 pm 2020 in category Company news
Nokian Tyres is the First Tire Company to Have Its Ambitious Greenhouse Gas Reduction Targets Approved
NOKIA, Finland – Nokian Tyres is the first tire company to have its emissions reduction targets approved by the Science Based Targets initiative (SBTi). The targets covering greenhouse gas (GHG) emissions from Nokian Tyres’ operations (scopes 1 and 2*) are consistent with reductions required to keep climate warming to 1.5°C, what the latest climate science has told us is needed to prevent the most damaging effects of climate change.
Nokian Tyres has committed to reducing:
- Scope 1 and 2 GHG emissions by 40 percent per ton of tires from a 2015 base year
- Scope 3 GHG emissions from purchased goods and services by 25 percent per ton of tires from a 2018 base year
- Scope 3 GHG emissions from upstream and downstream transportation and distribution by 25 percent per ton of tires from a 2018 base year
- Scope 3 GHG emissions from the use of sold products by 25 percent per ton of tires from a 2018 base year.
In the SBTi’s target assessment report, Nokian Tyres’ targets were considered ambitious.
“We have already witnessed a practically snowless winter in Southern Finland and are committed to doing our part in saving winters for future generations. During the last six years, we have already reduced our greenhouse gas emissions by 44 percent, and the work continues,” said Nokian Tyres President and CEO Hille Korhonen.
The Science Based Targets initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi defines and promotes best practice in science-based target setting and independently assesses companies’ targets.
* Scope 1 = direct emissions, scope 2 = indirect emissions from purchased energy.