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You are here: Home1 / ESG

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Hella’s Neil Grant becomes Automotive 30% Club member

Career Tracks, UK News

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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Related news:

  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
7th March 2023/by Peter Gardner

Yokohama to launch carbon-neutral tyre in 2023 as part of wider ESG programme

Company News, International News

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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Related news:

  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
22nd February 2023/by Chris

ESG issues a focus for tweaked TIP

International News

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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Related news:

  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
9th February 2023/by Stephen

Apollo Tyres updates ESG goals

Company News

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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Related news:

  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
20th December 2022/by Stephen

Nokian Tyres recognised for ‘leadership’ in climate change mitigation

Company News
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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Related news:

  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
14th December 2022/by Peter Gardner

Continental builds basketball court from recycled Extreme E CrossContact tyres

Company News, Motorsport
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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Related news:

  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
7th December 2022/by Andrew

Prometeon achieves world-class ESG rating

Company News
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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Related news:

  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
22nd November 2022/by Chris

Sumitomo Rubber signs UN Global Compact

Company News

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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Related news:

  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
1st June 2022/by Stephen

Yokohama Rubber a FTSE Blossom Japan company

Company News, International News

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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Related news:

  1. Yokohama Rubber selected for ESG indices
  2. Yokohama opens indoor winter tyre test facility
  3. Yokohama supporting Chelsea FC pre-season match
  4. Another Caterpillar platinum award for Yokohama
11th April 2022/by Stephen

FTSE4Good Index Series: Bridgestone working towards E8 Commitment

Company News

For the fourth consecutive year, Bridgestone Corporation has been selected for inclusion in the FTSE4Good Index Series. Announcing its continued presence within the environmental, social, and governance (ESG) investment index, the company says it will “continue various initiatives” across the value chain whilst striving to achieve what it set out in the Bridgestone E8 Commitment.

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Related news:

  1. Bridgestone receives ‘Prime’ ISS ESG Corporate Rating
  2. Bridgestone to offer customised retreads as part of fleet subscription model
  3. Bridgestone releases 2020-2021 Sustainability Report
  4. Bridgestone divesting 2 further non-tyre businesses
31st March 2022/by Stephen

MSCI ESG rates Kumho Tire ‘AA’

Company News

Kumho Tire is ranked among the top 12 per cent of the automotive parts industry in Morgan Stanley Capital International’s (MSCI) recent environmental, social, and governance (ESG) evaluation. The tyre maker has improved its evaluation score has been steadily rising year-on-year, having received a BBB grade in 2019, an A grade in 2021, and an AA grade this year.

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Related news:

  1. USA capacity increase complements doubling of Kumho’s Vietnam output
  2. Kumho gains China Red Dot Design award
  3. Football: Kumho Tire’s Schalke 04 sponsorship extended
  4. Kumho brand name off-limits to tyre maker’s potential purchaser
23rd March 2022/by Stephen

Enso becomes first tyre company to gain B Corporation ESG certification

Company News, International News
Enso

Enso, the world’s first sustainable tyre company, has become the first tyre company to achieve B Corporation Certified business status.

B Corporation (also known as B-Corp or B-Lab) is a global movement of businesses supporting each other to improve and drive global change. B Corp awards a private certification to for-profit companies based on their social and environmental performance. To achieve B-Corp status, Enso’s business operations and Environmental, Social and Governance (ESG) strategy were assessed by an independent third-party to evaluate its commitment to meeting high standards, and to verify performance, accountability, and transparency.

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Related news:

  1. Reifen Gundlach gains ISO/TS 16949 accreditation
  2. Accreditation for Rosava tyre testing laboratory
  3. Toyo Tire joins FTSE4Good, FTSE Blossom Japan and SOMPO
  4. GRI continues Green X Circle with tree planting project
16th March 2022/by Chris

Pirelli finalises 1.6 billion euro ESG bank line

Company News

In line with its prior announcement of 11 November 2021, Pirelli has finalised the signing of a five-year multi-currency bank line with a pool of primary national and international banks. This 1.6 billion euro line is benchmarked to the group’s ESG targets and will mainly enable:

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Related news:

  1. Pirelli ‘Gold’ for sustainability with S&P Global
  2. Hauling Out of the Recessionary Market
  3. Pirelli and Maserati as a motorsport and OE partnership
  4. Consolidation now
22nd February 2022/by Stephen

ATD releases inaugural ESG report

International News

American Tire Distributors (ATD), the largest replacement tyre distributor in North America, has published its first Environmental, Social, Governance (ESG) report. With its release, ATD commits to “identify opportunities and invest in solutions that are designed to improve its holistic community impact while delivering unmatched customer service to the entire replacement tyre ecosystem.”

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Related news:

  1. US wholesaler expands in Canada
  2. ATD pays up to $365 million for Terry’s Tire Town
  3. ATD chief Berry to retire
  4. TGI appoints Wheeler to head North American sales team
1st November 2021/by Stephen

GRI continues Green X Circle with tree planting project

Company News, International News

Last Friday was an important day for GRI in regards to its environmental engagements – the Sri Lankan tyre maker launched its ‘Greening Our Planet’ project by planting 450 rubber trees at smallholder rubber farms in Moneragala District.

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Related news:

  1. Connections to rubber farmers important, says GRI
  2. GRI plant expansion “progressing well” despite lockdown
  3. Responsible corporates need to give back: GRI aids Sri Lanka during pandemic
  4. GRI introduces “most environmentally-friendly” tyre
13th October 2021/by Stephen
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