In the midst of the COP28 climate conference in Dubai, UAE, Enso called on COP28 leaders to phase out fossil fuels, and for a complete decarbonization of the global tyre industry. During Transport Day at COP28, Enso said it will phase out fossil fuels in the industry by decarbonizing its entire supply chain by 2030 – a figure the company claims is “two decades ahead of mainstream tyre manufacturers”. Enso also suggested the tyre industry is not addressing…problems [such as particulate emissions and microplastics] quickly enough.
The Chinese Ministry of Industry and Information Technology recently released its 2023 Green Manufacturing List, and Prinx Chengshan (Shandong) Tire Co. Ltd. was once again awarded the national-level “Green Factory” title. Prinx Chengshan was awarded the first batch of “National Green Factories” in China in 2017. The company reports that it has successively won the national “Green Supply Chain Management Enterprise” and “Industrial Product Green Design Demonstration Enterprise” titles and has participated in several national standards related to the intelligent manufacturing of green tyres in China.
Nexen Tire has released its latest annual Sustainability Report, detailing progress towards sustainable management performance and other environmental, social and governance (ESG) commitments. The report, the tyre maker’s fourth, highlights ESG developments, progress and focus as well as details expanding a mid-to-long-term roadmap for ESG management.
Hankook Tire & Technology has published its 2022/23 ESG Report, highlighting the company’s sustainability activities, performance, and mid- and long-term strategies for the year. The report, Innovation for a Sustainable Future, is the 14th report published since 2010 and provides an overview of Hankook Tire’s performance in three primary categories: Eco-Value Chain, Sustainable Product, and Responsible Engagement.
Prinx Chengshan’s 2022 Environmental, Social and Governance Report (ESG Report) tells us that the company employs 6,144 people, manufactures tyres at plants in China and Thailand, and sells these in three main regions – China, North America and Europe. Its key brands are Prinx, Chengshan, Austone and Fortune.
To aid its development of eco-friendly tyres, Hankook Tire & Technology has signed a Memorandum of Understanding (MoU) with petrochemical company Kumho Petrochemical Co., Ltd. (KKPC). Amongst other things, the MoU ensures Hankook Tire is first in line to receive KKPC’s Eco Solution-polymerised Styrene-Butadiene Rubber (Eco-SSBR) at “a fair price” once commercial its production commences in 2026.
Hella’s UK managing director, Neil Grant, has become a Silver Member of the Automotive 30% Club, a voluntary network of automotive executives. “I believe that the greater the level of diversity within a team, the greater the variety of ideas and strategies that will be generated,” Grant explains. “In an industry that is changing rapidly, it is vitally important that we are able to attract the best people and that we have the most diverse pool of talent to select from. I am therefore a huge advocate of the Automotive 30% Club and look forward to playing an active part in improving gender equality within the industry, for the greater good of everyone.”
During 2022 Yokohama enacted a number of Environmental, Social and Governance (ESG) activities that laid the foundation for further ESG developments in 2023, not least the news that company will introduce a carbon-neutral tyre before the year is out.
Much has changed since 2005, the year the Tire Industry Project (TIP) was formed. To bring the TIP focus more in line with the zeitgeist and elevate its commitment to sustainability, the body has made changes to its organisational structure, including the addition of a fourth co-chair.
Nokian Tyres achieved an A- score by CDP (formerly Carbon Disclosure Project) in the Climate Change sector for its actions aimed at decreasing greenhouse gas emissions and mitigating climate risks. The annual CDP report is deemed one of the most trusted indicators for performance on corporate climate change mitigation. Scores A and A- represent leadership level.
Continental’s foundational support of electric-powered off-road racing series Extreme E, whose second season ended on 27 November 2022 in Uruguay, was inspired by the all-encompassing ethos of sustainability. Now the tyre supplier has joined the globetrotting series’ participation in a variety of technology and environmental sustainability programmes by “turning racing tyres into living space.” Conti’s used Extreme E tyres are now being used in the construction of a new basketball court in Hanover for children to play and train. The manufacturer is supplying rubber paving stones as a donation.
Prometeon Tyre Group reports that its Environmental, Social and Governance (ESG) Risk Rating has been graded as low, strengthening the tyre manufacturer’s commitment to its corporate social responsibility (CSR) and sustainability goals. The achievement is also crucial for managing a 350-million-euro sustainability-linked loan.
Sumitomo Rubber Industries, Ltd. has signed on to the United Nations Global Compact (UNGC). The world’s largest corporate sustainability initiative officially added the Japanese tyre and rubber products manufacturer to its registry of participating companies on 19 May 2022.
The Yokohama Rubber Co., Ltd. has been selected as a constituent stock in the FTSE Blossom Japan Sector Relative Index, an equity index designed to reflect the performance of Japanese companies that demonstrate strong environmental, social and governance (ESG) practices.