Nokian Tyres retains Dow Jones Sustainability Europe indexing

Nokian Tyres has retained its pace in the Dow Jones Sustainability Europe Index of the most sustainable listed companies in Europe. The manufacturer’s sustainability plan includes four key sustainability goals: reducing CO2 emissions in line with the company’s four science-based targets, increasing the share of either recycled or renewable raw materials in tyres, securing safer and better work and improving the sustainability of the supply chain.

“For Nokian Tyres, sustainability is concrete actions and innovations that, in the best case, spur the whole industry to become more sustainable. For example, Nokian Tyres is currently building the first zero CO2 emission factory in the tyre industry in Romania, and we recently joined the Polestar 0 project that aims for creating the first carbon neutral car in the world,” says Teppo Huovila, vice president, quality, sustainability and supply operations business development at Nokian Tyres.

During 2023 Nokian Tyres reached one of its key emissions reduction targets seven years ahead of schedule. One of the company’s science-based greenhouse gas emissions reduction targets was to cut its tyre factories’ direct CO2 emissions by 52 per cent per production ton by 2030 compared to the emissions level in 2015, but this target has already been achieved.

The Dow Jones Sustainability Indices are comprised of corporate leaders in sustainability as identified by S&P Global. Five companies were selected in the Dow Jones Sustainability Europe Index from the industry sectors Automobiles and Automotive components.

The selection was based on S&P Global’s Corporate Sustainability Assessment 2023, in which Nokian Tyres scored 70 points out of 100. The comprehensive assessment focuses on criteria that are both industry-specific and financially material. The assessment is highly valued by investors.

More than 3,500 companies worldwide were included in S&P Global’s assessment for inclusion in the Dow Jones Sustainability Indices. The assessment was mainly based on the companies’ performance in 2022.