Mon June 4 09:14 am 2018 in category Company news
Nokian Tyres joins the Science Based Targets initiative and commits to setting climate targets based on current research
As a pioneering company, Nokian Tyres wants to contribute to tackling climate change and now the company wants to set ambitious science-based climate targets. In May, Nokian Tyres joined the Science Based Targets initiative with the aim of setting more precise targets that are assessed and approved by an external organization. Nokian Tyres reached its previously set targets to reduce CO2 emissions well ahead of schedule.
“In terms of environmental responsibility, we are already considering the entire product life cycle and all of our functions,” said Teppo Huovila, who is in charge of the company’s sustainability efforts. “Our target for 2020 was a 20 percent reduction in the CO2 emissions from our factories’ production. By the end of 2017, we had already exceeded 36 percent. Joining the initiative is a natural continuation of our long-term work for environment.”
The new climate goals will be linked to the company’s value chain as well as the environmental impacts of products.
“We are continuously developing tires with an even lower rolling resistance than before, which significantly decreases the GHG (greenhouse gas) emissions generated during their use,” said Huovila. “For example, the average 7 percent reduction of the rolling resistance of our tires sold in 2017 reduce CO2 emissions each year by as much as 54,000 passenger cars emissions annually.”
The company is aiming to achieve approval for Science Based Targets in 2019.
Science Based Targets in brief
The Science Based Targets initiative encourages companies to set scientific targets for combating climate change. The initiative is a partnership between UN Global Compact, CDP (formerly the Carbon Disclosure Project), WRI (World Resources Institute) and WWF (World Wide Fund for Nature) for promoting the best practices in setting scientific climate goals. Furthermore, it independently assesses and approves companies’ and communities’ targets. All participating companies are listed on the Science Based Targets website.
Download photos: www.nokiantyres.com/sustainabilityphotos
About Nokian Tyres
Nokian Tyres is the world’s northernmost tire manufacturer. The company promotes and facilitates safe driving in demanding conditions. It supplies innovative tires for cars, trucks and special heavy machinery mainly in areas with special challenges on tire 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 tire. A part of the Nokian Tyres group, the tyre chain Vianor has approximately 1,500 stores in 26 countries. In 2017, Nokian Tyres had approximately 4,600 employees and net sales of approximately $2.0 billion USD. Nokian Tyres’ share is listed on the Nasdaq Helsinki. Further information: www.nokiantires.com
Nokian Tyres, Inc. / Nokian Tyres Canada Inc.
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Essex Junction, VT 05453
Director of Marketing, Nokian Tyres, Inc.