Nokian Tyres' Sustainability Strategy is drawn up for a period of five years. During 2020, we determined new sustainability goals for 2025 aligned with our Sustainability Roadmap. The goals are also aligned with the CO2 emissions reduction targets approved by the Science-Based Targets initiative (SBTi). In 2020, Nokian Tyres became the first tire company to have its' ambitious targets for reducing CO2 emissions approved by the SBTi.
Vice President, Quality & Sustainability draws up the strategy along with the Environmental and Responsibility Manager, who reports to the vice president. Working together with environmental experts, the Environmental and Responsibility Manager prepares an annual environmental program for the factories. The program specifies the detailed targets, actions, schedules and responsible persons for the goals presented in the strategy. In addition, individual units have their own projects for developing the operations and processes.
The development of different sustainability aspects is reviewed regularly at the management meetings.
NOKIAN TYRES’ SCIENCE BASED TARGETS |
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Target | What it means | Examples |
Reduce emissions from tire raw material production by 25% | We expect our raw material producers to implement their own actions in order to reduce emissions. | Raw material producers will be transitioning to zero or low-emission energy and improving the energy efficiency of the entire production process. |
Reduce CO2 emissions by 25% in logistics | Achieving it requires emission improvements from road, train, marine and air transportation. | Increasing the share of biofuels, improving the efficiency of engines, and optimizing routes further are key methods. |
Reduce CO2 emissions from tire use by 25% | This improvement will have the largest impact on reducing global CO2 emissions, as our tires are used on millions of vehicles. | The overall reduction of vehicle emissions plays a big part in improvements. Lowering the rolling resistance of a tire also reduces the fuel consumption of the vehicle. |
Cut CO2 emissions from the energy that is purchased and produced by 52% | Emissions produced mainly in our own production facilities. A part of this target has already been achieved with the changes made in recent years. |
Most of the energy that we purchase should be low-emission or zero-emission and produced with renewable forms of energy. Improvements in energy efficiency will also reduce emissions. |
Science Based Target progress 2022 (dashboard)
Company temperature alignment |
Target Timeframe |
Target type |
Target value |
Scopes covered |
Target completion 2021 |
Company-wide temperature alignment based on the ambition of a company’s scope 1 and 2 targets | Base year to target year | Emissions reduction to be achieved in target year | Emissions scopes included in target | Percent of progress achieved against the target | |
Well below 2°C | 2015 to 2030 | Intensity | 52% | Scope 1 & 2 | 82 |
Nokian Tyres' sustainability goals for 2025 |
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Area | Goal for 2025 | Goal beyond 2025 |
Climate actions
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Other environmental actions
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People
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Supply chain |
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Products and services
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Finance, Corporate Governance |
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Communication & Stakeholder engagement |
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Environmental violations |
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Significant* fines or penalties related to the environment or ecology | |||||
Year | 2018 | 2019 | 2020 | 2021 | 2022 |
Number of violations | 0 | 0 | 0 | 0 | 0 |
Amount of fines/penalties (€) | 0 | 0 | 0 | 0 | 0 |
*Significant is defined to have a financial impact above $10 000 USD. |