Balkrishna Industries – better known as BKT – has shared some facts and figures from its Sustainability Report for the financial year 2023-24. Verified by Bureau Veritas, this more than 200-page document covers all aspects of the off-highway tyre specialist’s ESG activities.
Bridgestone Corporation shares news of its continued inclusion in three globally recognised environmental, social, and governance (ESG) indices: the Dow Jones Sustainability World Index (DJSI World), the FTSE4Good Index Series, and the MSCI ESG Leaders Indexes. Bridgestone has appeared in the DJSI World for three consecutive years since 2022, in the FTSE4Good Index Series for seven consecutive years since 2018, and in the MSCI ESG Leaders Indexes for two consecutive years since 2023.
Continental Tyres beat Bridgestone, Hankook, Marangoni, and Michelin to win the Tyre Industry Environmental and Sustainable Solution of the Year at the NTDA’s Tyre Industry Awards 2024. The award, presented at the Association’s 94th Annual Dinner, was decided by a panel of industry experts and recognises outstanding corporate social responsibility within the tyre industry. Conti said its achievement reflects the tyre manufactures ongoing commitment to driving sustainability across all of its operations – from enhancing the efficiency of its manufacturing processes and supply chain to developing innovative, eco-friendly materials.
Bridgestone has unveiled its Bridgestone e-CENTRE garage concept, calling it “an evolution in the future of tyre retail.” Using tyre retailer’s future Environmental, Social and Governance (ESG) requirements identified in partnership with consulting firm Ernst & Young, Bridgestone developed an assessment including 85 different criteria. Retailers will be assessed on these standards, enabling them to achieve Bridgestone e-CENTRE status.
The Yokohama Rubber Co., Ltd., has received “Prime” status for the first time in the latest ISS ESG ratings, the responsible investment arm of Institutional Shareholder Services Inc. (headquarters in USA). ISS ESG corporate ratings are based on its evaluations of companies’ environmental, social, and governance initiatives from the perspective of what is known as […]
Hankook Tire & Technology has released its 2023/24 ESG Report, detailing its sustainable management activities and performance for the year, alongside its mid and long-term strategies. This annual report, now in its 15th edition, emphasises key achievements across three main categories: Eco Value Chain, Sustainable Product, and Responsible Engagement. These accomplishments align with Hankook Tire’s ESG vision of “Innovation for a Sustainable Future.”
On 1 July 2024, Nexen Tire published its 23/24 ESG Report including the detail that it recently earned a Gold Medal from EcoVadis, the global ESG rating agency. EcoVadis is the world’s largest ESG ratings platform used by more than 130,000 companies in 180 countries around the world.
Generali Global Corporate & Commercial (GC&C) Italy, Pirelli and Aon have signed an agreement on an insurance solution aligned with United Nations Sustainable Development Goals (SDGs). Announcing the agreement’s signing, Pirelli says this collaboration underscores the protagonists’ commitment to advancing Environmental, Social, and Governance (ESG) principles and improving risk quality for all stakeholders.
On 30 January The Yokohama Rubber Co., Lt. submitted a commitment letter to the Science Based Targets Initiative (SBTi)1, the first step in gaining validation of science-based targets (SBTs) for greenhouse gas emission reductions consistent with standards established by the Paris Agreement.
Business sustainability ratings company EcoVadis has awarded VMI a Silver EcoVadis Medal for its progress toward sustainability. By achieving Silver status, the machinery specialist is in the top 15 per cent of all companies worldwide that EcoVadis assessed by EcoVadis for environmental, social, and governance (ESG) practices in 2023.
The British Tyre Manufacturers’ Association (BTMA) has joined the Tire Industry Project (TIP) as an affiliate member. The Australian Tyre Industry Council (ATIC) and the Automotive Tyre Manufacturers’ Association (ATMA) of India have also joined the organisation at the same level. While not contributing to the governance of TIP, affiliates engage with topics within the scope of the project’s mission. Formed in 2005, TIP is built on the pillars of research, action and engagement and communication, bringing a collaborative and scientific approach to sustainability in the tyre sector. Graham Wilson, chief executive of the BTMA, said the organisation is “delighted to enter a fuller and more structured relationship” with TIP, building upon the development of “informal ties” in recent years.
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.
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Stephen Goodchild / Tyre Industry Publications Ltd
NTDA