GHG Emissions, Industrial, Sourcing Renewables  -  June 28, 2024

Goodyear Lowers Emissions by 22%, Increases RE

The Goodyear Tire & Rubber Company continued its work to reduce its environmental impact and lowered its Scope 1 and Scope 2 GHG emissions by 21.9% in 2023 compared to its 2019 baseline. 

In addition, Goodyear increased its utilization of renewable electricity to 37% across its global manufacturing operations.

The company continued to make strides toward achieving its 2030 goal of introducing a 100% sustainable-material tire with the launch of the EcoReady, a consumer tire made with 70% sustainable materials, in the U.S. in December 2023. The EcoReady is engineered with soybean oil to reduce petroleum-based oil, high-quality rice husk ash silica to reduce waste going to landfill, and sustainably sourced natural rubber.

Details were released in its report on corporate responsibility performance for 2023, which outlines the progress Goodyear is making toward achieving its short- and long-term sustainability goals.

“Our commitment to sustainability and delivering value to our customers and other stakeholders is unwavering,” said CEO Mark Stewart in a statement. “Our 2023 corporate responsibility report demonstrates how our associates around the world continue to help build a better future, from exploring new innovations and materials, to identifying and implementing new strategies to help us meet our corporate responsibility ambitions, to giving back to our communities in which we live and work."

The 2023 report marks the first time the company is reporting on its high-priority topics — Climate Decarbonization, Adaptation and Resiliency; Circularity; Human and Labor Rights; and Supply Chain Governance and Transparency — that were identified following a double materiality assessment conducted in late 2022 in alignment with the Global Reporting Initiative (GRI) standards. 

Goodyear's 2023 report was prepared with reference to the GRI Standards. Goodyear's 2023 Scope 1 and Scope 2 GHG emissions data has been third-party verified.