Energy Efficiency, GHG Emissions, Industrial, Industrial  -  October 13, 2023

Goodyear Tire & Rubber Targets Approved by SBTi

The Goodyear Tire & Rubber Company announced its science-based near-term and net-zero greenhouse gas (GHG) reduction targets were validated by the Science Based Targets initiative (SBTi).

The SBTi evaluated Goodyear's Scope 1 and Scope 2 near-term targets and evaluated the company's Scope 1, 2 and 3 long-term target goals and determined they were aligned with the SBTi's 1.5°C mitigation pathways.

Goodyear is committed to reaching net-zero greenhouse gas emissions across its value chain by 2050 from a 2019 base year. In addition, the company is committed to lowering absolute Scope 1 and 2 GHG emissions 46.2% by 2030 from a 2019 base year and absolute Scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities and upstream transportation by 28% within the same timeframe.

"It is through the hard work of our team and their collaborative efforts with partners across our value chain that we are able to identify opportunities and build sound strategies to help us reach both our near- and long-term climate goals," said Richard J. Kramer, chairman and CEO, in a statement. "The SBTi's validation of our greenhouse gas emissions targets further strengthens our sustainability commitments."

The company also committed to using 100% renewable electricity in all manufacturing facilities by 2030 and 100% renewable energy in all manufacturing facilities by 2040, developing a tire made of 100% sustainable materials by 2030 and replacing all petroleum-derived oils in its products by 2040.