The Science Based Targets initiative (SBTi) has approved Nokian Tyres’ new greenhouse gas (GHG) emissions reduction targets, including both near-term targets for 2030 and long-term targets to reach net-zero GHG emissions across the value chain by 2050. SBTi approval means that it considers Nokian Tyres’ targets to be in line with what the latest climate science deems necessary to limit global warming to 1.5°C.
The Science Based Targets initiative (SBTi) has approved Pireli’s near-term and long-term targets on the reduction of absolute greenhouse gas (GHG) emissions. The targets were communicated last March during the presentation of the 2024-2025 Business Plan update.
Michelin aims to achieve a 30 per cent reduction in CO2 emissions across its Stoke-on-Trent-based logistics fleet in 2024 by transitioning to hydrotreated vegetable oil (HVO) as a diesel replacement. The company has secured 400,000 litres of HVO to be used until the end of the year.
Pirelli has secured a new term loan line of credit totalling 600 million euros, scheduled to mature in October 2028. This agreement, made with a select group of international banks, falls within the company’s routine efforts to manage and optimise its financial structure.
The Science Based Targets Initiative (SBTi) has granted Sumitomo Rubber Industries, Ltd. (SRI) certification for its greenhouse gas emission reduction targets for 2030, deeming these to be consistent with scientific evidence. For Scope 1 and Scope 2, SRI aims to reduce absolute emissions by 55%, compared with 2017 levels. SRI’s target for Scope 3 and Category 1 is to reduce absolute emissions by 25%, compared with 2021.
Membership in the Justice League? Not quite, or not yet – but Sailun Group has joined several organisations and initiatives dedicated to doing good in recent times. The company confirms that it is now a member of the Science Based Targets initiative (SBTi). It also recently became the first Chinese tyre maker to join the United Nations Global Compact.
Stefan Mayrhofer, managing director of Kraiburg Austria, is convinced that environmental protection and sustainability awareness are “topics that we owe to future generations.” This is the reason the retreading specialists strives to act in an environmentally responsible manner, its receipt of the EMAS certificate three years ago serving as evidence of these efforts.
When it comes to climate targets, 2030 seems to be the golden year. But Nokian Tyres has jumped the gun in the best possible way, reaching one of its key emissions reduction targets seven years ahead of schedule.
The Science Based Targets initiative (SBTi) has validated Goodyear’s near-term and net-zero greenhouse gas (GHG) reduction targets. SBTi evaluated the tyre maker’s Scope 1 and Scope 2 near-term target ambition and determined this to be “in line with a trajectory of limiting warming to 1.5°C above pre-industrial levels.” The SBTi team also evaluated the Scope 1, 2 and 3 long-term target ambition and considers this aligned with its 1.5°C mitigation pathways for reaching net-zero greenhouse gas emissions by 2050.
The Science Based Targets initiative (SBTi) has approved Hankook Tire & Technology’s near-term 2030 greenhouse gas (GHG) reduction goals and target of achieving net-zero by 2050. The tyre maker says this approval will help it “gain momentum in the realisation of its 2050 Carbon Neutrality Roadmap.”
The Science Based Targets initiative (SBTi) has validated Pirelli’s upgraded targets for reducing greenhouse gases. Four years ahead of schedule, the company reached the previous targets validated for Scopes 1 and 2 by the end of 2021.
The Goodyear Tire & Rubber Company has announced a goal of reaching net-zero value chain greenhouse gas (GHG) emissions by 2050, aligned with the Science Based Targets initiative (SBTi) and its new Net-Zero Standard. The company also announced its commitment to achieve near-term science-based targets by 2030, and in 2022 will submit both targets to SBTi for independent validation.
Under a new ten-year agreement, Nordic energy company Gasum will supply renewable wind energy for the electricity Nokian Tyres uses in its factory in Finland as well as its Vianor operations within the country. Supply of power produced at a new wind farm in North Ostrobotnia will start in 2023.
The global struggle to reduce global warming through greater sustainability, conservation of resources and lowering of CO2 emissions is undisputedly one of the key problems our generation must address. Kraiburg Austria stresses that “the time for empty appeals, soapbox speeches and lip service is over,” adding that “coordinated measures need to be taken or introduced immediately to ensure the living conditions of future generations.”
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