The Science Based Targets initiative (SBTi) has approved Nokian Tyres’ new greenhouse gas (GHG) emissions reduction targets, including both near-term targets for 2030 and long-term targets to reach net-zero GHG emissions across the value chain by 2050.
The SBTi approval means that Nokian Tyres’ targets are considered to be in line with what the latest climate science deems necessary to limit global warming to 1.5°C.
Nokian Tyres was the first tire company to have its targets for reducing greenhouse gas emissions approved by the SBTi in 2020. As one of the key targets was achieved already in 2023 seven years in advance, the company decided to have its targets updated.
“It is important for Nokian Tyres that our climate actions have as much impact as possible. The Scope 1 and 2 greenhouse gas emissions from our tire production in relation to turnover and to production tons are already the lowest in the tire industry*. The updated targets are another important step forward on our sustainability journey,” says Teppo Huovila, Vice President, Quality and Sustainability at Nokian Tyres.
Nokian Tyres’ new emissions reduction targets in detail
The near-term targets that Nokian Tyres commits to are:
- Reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030 from 2022 base year
- Reduce Scope 3 GHG emissions from purchased goods and services, upstream transportation, and distribution by 51.6% per ton of product purchased within the same timeframe.
The long-term targets are the following, and they are aligned with Nokian Tyres’ commitment to reach science-based net-zero GHG emissions across the value chain by 2050:
- Reduce absolute Scope 1 and 2 GHG emissions by 90% by 2050 from 2022 base year
- Reduce Scope 3 GHG emissions from purchased goods and services, capital goods and upstream transportation, and distribution by 97% per ton of product purchased within the same timeframe.
The SBTi is an organization that helps companies set greenhouse gas emissions reductions targets aligned with climate science, aiming at halving global emissions before 2030 and achieving net-zero before 2050. Companies can propose company-specific emissions reduction targets to the SBTi, and the targets must meet the SBTi’s strict criteria to be validated.
