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Enso commits to fully decarbonized tyres by 2030, challenges tyre industry to phase-out fossil fuels

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.

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  1. Enso start-up aims to reduce carbon and microplastic emissions with tyres
  2. GRI continues Green X Circle with tree planting project
  3. Enso’s new all-season electric van tyre made in Iris factory
  4. BTMA: UN red alert on climate change is a call to action
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Prinx Chengshan gains national-level “green factory” rating

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.

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  1. Qingdao Doublestar hosts global strategy conference
  2. 10 Chinese rubber firms receive national green factory status
  3. Westlake support ‘a boost’ for Brityrex 2012
  4. TTI Awards shortlist announced
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Nexen Tire publishes 2022/23 ESG report

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.

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  1. Nexen Tire releases 2020/21 ESG Report
  2. Nexen Tire expanding in Europe – milestones reached
  3. Nexen ‘streamlining’ European sales operations
  4. Nexen Tire supporting mobility start-ups with capital initiative
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Hankook Tire releases latest ESG Report

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.

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  1. Hankook introduces AI for ‘smarter’ tyre inspection
  2. Hankook Tire establishes ESG committee
  3. Hankook Tire invests in e-commerce platform Carmerce
  4. Hankook Tire boosts Q2 2023 revenue & operating profit
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Prinx Chenghsan: 71% employee turnover in Thailand

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.

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  1. Prinx Chengshan: Profit down 24.7% despite higher revenue in 2021
  2. Prinx Chengshan: Increased sales, lower profit in H1 2022
  3. Prinx Chengshan appoints new CFO
  4. Prinx Chengshan outlines emission reduction goals
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Hankook Tire signs Eco-SSBR MoU with Kumho Petrochemical

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.

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  1. Further tyre makers publish GPSNR-aligned rubber procurement policies
  2. Hankook Tire secures container stability through Hapag-Lloyd deal
  3. Hankook Tire achieves S&P sustainability gold
  4. Hankook Technodome gains trio of safety certifications
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Hella’s Neil Grant becomes Automotive 30% Club member

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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.”

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  1. Hella appoints Grant as UK managing director
  2. NFDA chief executive joins Automotive 30% Club
  3. Hella targets zero landfill waste
  4. New sales & marketing director for Hella
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Yokohama to launch carbon-neutral tyre in 2023 as part of wider ESG programme

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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.

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  1. Michelin and Pirelli lead in rubber sustainability – Context Group
  2. Bridgestone, Pirelli and Yokohama reach CDP A list
  3. Yokohama Rubber a FTSE Blossom Japan company
  4. ESG issues a focus for tweaked TIP
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ESG issues a focus for tweaked TIP

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.

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  1. Tire Industry Project launches sustainability roadmap
  2. Tire Industry Project CEOs reaffirm commitment to sustainability research
  3. Michelin and Pirelli lead in rubber sustainability – Context Group
  4. GM collaborating with tyre makers on natural rubber sustainability
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Apollo Tyres updates ESG goals

As part of its ESG (Environment, Social and Governance) commitment, Apollo Tyres has set a range of goals for the coming years, including carbon neutrality by 2050. The commitments are as follows:

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  1. Francesco Gori appointed as Apollo Tyres advisor for strategy
  2. Apollo Tyres buys Germany’s reifen.com
  3. Apollo’s acquisition of reifen.com a ‘sound strategic extension of the value chain’
  4. Apollo Tyres partners with Indian cricketing great
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Nokian Tyres recognised for ‘leadership’ in climate change mitigation

Nokian Tyres

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.

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  1. Nokian Tyres refinances with €100 million sustainability loan
  2. Pirelli ‘Gold’ for sustainability with S&P Global
  3. Bridgestone, Pirelli and Yokohama reach CDP A list
  4. Wind energy to power Nokian Tyres’ Finnish operations
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Continental builds basketball court from recycled Extreme E CrossContact tyres

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Continental

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.

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  1. Sustainability award for Continental’s dandelion rubber tyres
  2. Conti closes inaugural Extreme E season in exciting Dorset finale
  3. Rema Tip Top, Mayerosch Off Road and Continental Awarded at Reifen
  4. Continental a founding partner in Extreme E off-road electric racing series
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Prometeon achieves world-class ESG rating

Prometeon

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.

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  1. Promoteon establishes three-digit million funding lines with 8 international banks
  2. Prometeon/Aeolus integration stalls
  3. Camfin gains right to buy up to 15% of Pirelli shares
  4. Roberto Righi becomes deputy general manager at Prometeon Tyre Group
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Sumitomo Rubber signs UN Global Compact

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.

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  1. Dandelion rubber to feed ‘aggressive’ expansion of Sumitomo’s global production footprint
  2. Micheldever management comment on Sumitomo sale
  3. Falken to exhibit 3 new tyres at The Tire Cologne
  4. SRI doubles planned capacity for Brazil truck tyre plant
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Yokohama Rubber a FTSE Blossom Japan company

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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.

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  4. Another Caterpillar platinum award for Yokohama
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