Tag: sustainability
Continental wins inaugural Tyre Industry Environmental & Sustainable Solution Award
The Worshipful Company of Wheelwrights has named Continental Tyre Group Ltd the inaugural winners of the Tyre Industry Environmental & Sustainable Solution Award. The accolade was presented at the Worshipful Company of Wheelwrights White Tie Banquet. The independent judging panel looked for entries to show evidence of materially reducing the environmental impact of tyres and production over the product’s entire lifespan, whilst promoting sustainability and bringing environmental benefits to both business and wider society. Conti’s marketing director Tracey Mortimer said the award was “a huge honour,” which “highlights Continental’s commitment to environmental consideration.”
Nokian Tyres refinances with €100 million sustainability loan
Emit less gas in the workplace, be nice to others, be safe – and save money by doing so. Sound like a good idea? Nokian Tyres thinks it is, so much so that the company has signed a sustainability linked loan agreement with the OP Corporate Bank. The 100-million-euro loan with a five-year term is being used to pay off a similar-sized loan that is due in May.
Bridgestone: 98% of tier 1 suppliers acknowledge procurement policy
The aim at Bridgestone Group is to use “100 per cent sustainable materials” by 2050 and beyond, and last year the tyre and rubber company introduced a new procurement policy to steer it towards this end. Under a partnership it began with CSR evaluation specialist EcoVadis in 2018, Bridgestone is now assessing its suppliers’ current sustainability practices and looking at what support may be needed to improve performance.
Nokian named as a sustainable company in RobecoSAM Yearbook
Nokian Tyres has received the Silver Class distinction in the RobecoSAM Sustainability Yearbook 2019. RobecoSAM is an expert on sustainability whose annual assessment is considered to be a particularly reliable and comprehensive report of how sustainability is implemented in companies around the world.
USTMA publishes tyre sustainability report
At the end of January, the US Tire Manufacturers Association (USTMA) released its first US sustainability report presenting its members’ collective progress and shared vision for a sustainable US tyre manufacturing industry.
Continental publishes sustainable natural rubber policy
Several Tire Industry Project members have published sustainable natural rubber procurement policies of late. Yokohama and Hankook published theirs this month, and so did Continental. The company says its Sustainable Natural Rubber Sourcing Policy will guide the Rubber Group in detecting risks to workers, communities, forests, biodiversity and agricultural land, such as deforestation, corruption and land grabbing, in the early stages.
Global platform for sustainable natural rubber launched
Members of the Tire Industry Project (TIP) and other stakeholders came together on 25 October to celebrate the inauguration of a new platform for positively transforming the natural rubber supply chain. Following 12 months of stakeholder collaboration, the Global Platform for Sustainable Natural Rubber (GPSNR) has been launched with what is described as “an ambitious and wide-reaching set of priorities” for the natural rubber chain.
Hankook Tire introduces policy for rubber supply chain sustainability
Hankook Tire is the latest tyre maker to establish a policy setting out social responsibility within the natural rubber value chain. The policy aims to ensure each link in the natural rubber supply chain is economically, socially and environmentally sustainable.
Sustainable natural rubber: Yokohama Rubber adopts procurement policy
Yokohama Rubber has introduced a procurement policy for sustainable natural rubber based upon the Sustainable Natural Rubber Initiative (SNR-i) launched by the International Rubber Study Group as well as the main proposals made by the Tire Industry Project (TIP) at the World Rubber Summit 2018 in May. With its policy, the tyre and rubber products manufacturer addresses concerns such as unlawful deforestation, land exploitation, human rights violations, and adverse effects on biodiversity. Not only will Yokohama Rubber adhere to the procurement policy, it will also promote it through its supply chain.
Pirelli a DSJI Industry Leader 2018
Pirelli has been named leader of the Dow Jones Sustainability Indices (DSJI) World and Europe review in the Auto Components section. The tyre maker gained a total score of 81 points in the annual review of the indices conducted by RobecoSam and S&P Dow Jones, compared with a sector median of 32.
Bridgestone publishes 2017-18 Sustainability Report
The Bridgestone Group’s 2017-2018 Sustainability Report is now available and can be read here. The report highlights Bridgestone’s global efforts in the priority areas of Mobility, People and the Environment and provides information about the group’s corporate governance. It also outlines how Bridgestone is aligning its business strategy with the Sustainable Development Goals (SDGs) and further articulates progress towards it 2020 targets.
Michelin aiming for 80% sustainable materials in tyres by 2048
The Movin’On 2018 sustainable mobility summit took place at the end of May and the start of this month, and during the event organiser Michelin announced what it calls an “ambitious plan” – to ensure all of its tyres will be manufactured using 80 per cent sustainable materials within 30 years, and that 100 per cent of all tyres will be recycled.
Lehigh Technologies: European MRP production beginning this summer
According to Michelin, owner of Lehigh Technologies since October 2017, the Micronised Rubber Powders (MRP) production facility being set up by Lehigh Spain will begin operations in summer 2018. The plant, located in Murrillo del Fruto, Spain, is the product of a joint venture project between Lehigh Technologies and Hera Holding.
Hella targets zero landfill waste
Gabor Kakuk, a Hella employee, sparked a recycling policy change after taking matters into his own hands to further improve the company’s green credentials. Every month in the UK, more than a million tonnes of plastic – particularly plastic bottles and cups – from homes, industry and businesses are used and disposed of in landfill, remaining in the environment for many years, often taking up to 500 years to decompose.
Nokian Tyres on DJSI World sustainability index
Nokian Tyres has been selected for Dow Jones’ DJSI World sustainability index. With a total sustainability score nearly twice as high as the industry average, Nokian Tyres significantly improved its results in the 2017 assessment. Nokian Tyres’ score of 78 points was only one point behind the industry’s best company globally.