Tag: sustainability
Tire Industry Project CEOs reaffirm commitment to sustainability research
CEOs of 11 leading tyre manufacturers met to review progress and confirm the ongoing mandate of the leading global forum for tyre manufacturers on sustainability issues – the Tire Industry Project. Founded in 2005, the Tire Industry Project (TIP) is a global CEO-led initiative undertaken by leading tyre manufacturing companies to research potential human health and environmental impacts of tyres throughout their lifecycle. TIP operates under the umbrella of the World Business Council for Sustainable Development (WBCSD) and is co-chaired by Bridgestone, Goodyear, and Michelin.
Pirelli ‘highly commended’ at Northern Automotive Alliance Awards
Pirelli has been ‘Highly Commended’ within the Corporate and Social Responsibility Award for its approach to sustainability, and natural rubber sourcing at the 2019 Northern Automotive Alliance (NAA) Awards. The NAA judging panel congratulated Pirelli for “showing everyone that no matter how difficult, everyone has a part to play in ensuring an ethical supply chain.”
Hankook listed in DJSI for fourth year
Hankook Tire has been listed in the Dow Jones Sustainability Indices World (DJSI World) for the fourth consecutive year.
Birla Carbon releases 7th sustainability report
Birla released its seventh annual sustainability report titled Evolving Sustainably, Together on 18 September 2019. The 2019 report focuses on sustainable operational excellence, product and process innovation, customer engagement, sustainable supply chain enhancement, and community outreach efforts. It is aligned with international standards set by the GRI and CDP and highlights efforts initiated by Birla Carbon in collaboration with leading sustainability, environment and risk agencies to achieve its objectives in alignment with the 17 United Nations Sustainable Development Goals (UN SDGs).
Pirelli claims DJSI sector leadership
Pirelli shares news of its confirmation as “world leader” in Sustainability in the Automobiles and Components sector of the Dow Jones Sustainability Indices (DJSI) World and Europe indices. This status comes courtesy of RobecoSam and S&P Dow Jones’ annual review of the indices that will apply from 23 September.
Cooper Tire releases 2018 Sustainability report
Cooper Tire & Rubber Company has published its seventh annual Corporate Social Responsibility (CSR) and Sustainability report. The report, titled ‘Responsibility the Cooper Way’, is the seventh such report from Cooper Tire.
Michelin renews, expands its work with WWF France
The 2015-initiated collaboration between the Michelin Group and the French office of the World Wide Fund for Nature has been renewed for a further four years. The tyre maker will continue working with WWF France towards sustainability within the natural rubber market. In the coming four years, the partnership will further develop an existing pilot project in Indonesia and additionally open up the collaboration to include sustainable mobility and the protection of biodiversity.
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.