Energy Efficiency, GHG Emissions, Industrial  -  November 8, 2024

Nokian Tyres’ Goals Approved by SBTi

The Science Based Targets initiative (SBTi) has approved Nokian Tyres’ new 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.

Nokian Tyres was the first tire company to have its targets for reducing greenhouse gas emissions approved by the SBTi in 2020. As its achieved one its key targets in 2023 — seven years early — the company decided to update its targets. Nokian develops and manufactures tires for passenger cars, trucks and heavy machinery. 

“It is important for Nokian Tyres that our climate actions have as much impact as possible. The Scope 1 and 2 greenhouse gas emissions from our tire production in relation to turnover and to production tons are already the lowest in the tire industry*. The updated targets are another important step forward on our sustainability journey,” said Teppo Huovila, Vice President, Quality and Sustainability at Nokian Tyres, in a statement.

The near-term targets that Nokian Tyres commits to are:

• Reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030 from 2022 base year.
• Reduce Scope 3 GHG emissions from purchased goods and services, upstream transportation, and distribution by 51.6% per ton of product purchased within the same timeframe.

The long-term targets are aligned with Nokian Tyres’ commitment to reach science-based net-zero GHG emissions across the value chain by 2050 and are:

• Reduce absolute Scope 1 and 2 GHG emissions by 90% by 2050 from 2022 base year.
• Reduce Scope 3 GHG emissions from purchased goods and services, capital goods and upstream transportation and distribution by 97% per ton of product purchased within the same timeframe.

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