It is silver again for Apollo Tyres in the EcoVadis Sustainability Excellence ratings. This is the tyre maker’s third consecutive Silver Award at the annual EcoVadis sustainability assessment, with improved scores from 56 to 70 over the last three years.
Pirelli, Continental and Hankook Tire & Technology (Hankook Tire) have earned accolades for their innovative approaches to sustainable management. Time magazine and online intelligence platform Statista recently named this trio of companies amongst the “World’s Most Sustainable Companies of 2024.”
Giti Tire has announced the appointment of Dr Pang Chong Hau as the company’s Chief Sustainability Officer. Dr Pang is based at Giti’s global headquarters in Singapore and brings a wealth of experience in sustainability to his new position, having led the development of sustainable procurement frameworks and initiated key green projects in his previous roles.
S&P Global has published its Sustainability Yearbook 2024, with Pirelli distinguishing itself as the only firm within the Auto Component sector to qualify as a ‘Top 1%’ company. Commenting on this achievement, Marco Tronchetti Provera says the recognition confirms Pirelli’s “capacity to integrate its sustainability strategy along the entire value chain.”
Bridgestone Corporation has once again been selected for inclusion in the Dow Jones Sustainability World Index (DJSI World). This is the second consecutive year Bridgestone has appeared in the globally recognised sustainability index and the fifth occasion in total.
Wholesaler American Tire Distributors, Inc. (ATD) has published its third annual sustainability report. Titled Catalysts for Change, the report describes ATD’s achievements and progress in 2022 against the goals outlined in the inaugural 2020 report.
For the second year running, EcoVadis has awarded Bridgestone EMIA a Platinum rating in its annual sustainability assessment. The award recognises Bridgestone’s sustainability achievements, with the Platinum status putting Bridgestone EMIA in the top one per cent of over 100,000 companies from over 200 industries worldwide.
Sustainability has risen to become the leading mobility trend over the last few years, and the drive towards greater levels has permeated every major corner of the tyre business. While the focus of pro-environment efforts in the tyre business has often fallen to the tyre recovery sector, developing a Circular Economy necessitates a more holistic industrial input, from raw materials suppliers to manufacturers, from the environmental effects of the tyres in use to the material and energy it is possible to recover from end-of-life tyres. Recognising the fundamental place this theme has in our industry, this month Tyres & Accessories presents the latest news and analysis in the sustainability space, beginning with a general overview of developments in the recycling sector from the British Tyre Manufacturers Association (BTMA)’s perspective.
When Kwik-Fit and Stapleton’s owner ETEL announced the recent acquisition of UK tyre recycling specialist Murfitts Industries on 20 December 2021, ETEL’s owner – the Japanese Itochu Group – also shared details of its rationale for the takeover.
Brake systems specialist Brembo is marking its 60th anniversary by planting a forest of more than 14,000 trees and donating them to employees around the world. The Brembo Forest will rise in Kenya, near Lake Victoria, where Brembo will work in partnership with web platform Treedom – the first system that allows trees to be planted remotely and their stories followed online.
Nokian Tyres has published its Corporate Sustainability Report 2020, which it states was prepared “in accordance with the GRI (Global Reporting Initiative) Standards” and verified by an independent third party. The Corporate Sustainability Report describes Nokian Tyres’ work on sustainability actions in 2020 in terms of product liability and safety as well as social, economic, and environmental responsibility.
When Michelin launched its e.Primacy range in mid-November 2020, the French tyre manufacturer did so in the context of a goal to make all Michelin tyre 100 per cent sustainable by 2050. So how does Michelin plan to achieve this? One answer is the company’s expanding partnership with Scandinavian Enviro Systems (Enviro), details of which were recently released (see separate article). But there are other parts of this plan.
Bridgestone Americas has executed a US$1.1 billion sustainability-linked credit facility in partnership with Sumitomo Mitsubishi Banking Corporation (SMBC). Under this credit facility, the costs that Bridgestone incurs in relation to its borrowings will decline or rise in line with independent appraisals of its sustainability.
Members of the Global Platform for Sustainable Natural Rubber (GPSNR) convened the annual General Assembly on 23 September 2020. The event saw the approval of a members’ sustainability policy framework and the creation of a new membership category for smallholder producers of natural rubber.
Pirelli holds the distinction of being the only company within the automotive components sector to achieve ‘Gold Class’ in the SAM Sustainability Yearbook 2020. Other tyre makers to gain a ranked position in the Yearbook were Hankook Tire & Technology and Nokian Tyres, which both achieved SAM Bronze Class, and Bridgestone Corporation, which was acknowledged as a Sustainability Yearbook Member.
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