Nokian Tyres has been recognized as one of the most sustainable companies in the world with a Bronze Class distinction in the Auto Components category of the RobecoSAM Sustainability Yearbook 2018, which was published last week.
Nokian Tyres also received the Industry Mover award this year, which is given to the company that has achieved the most in terms of becoming a sustainable business.
The tire maker’s progress was noticed last year when the company significantly improved its performance in Dow Jones’s sustainability assessment, scoring nearly twice as high as the industry average, and was rated as the most sustainable tire manufacturer in the Dow Jones Sustainability World Index.
“We have been doing work in many areas of sustainability and managed to implement it as a natural part of our global functions. It feels great to receive recognition for our long-term efforts. Such feedback inspires us to continue on the path that we have chosen and encourages us to work even harder on sustainability,” said Teppo Huovila who is responsible for sustainability at Nokian Tyres.
The company has specified several sustainability goals for 2020, including reducing the rolling resistance of its tires by 7%. This goal was met last year well before the targeted time along with the goal of reducing CO2 emissions from production by 20%.
Nokian Tyres has also set a goal to audit all of its major rubber processor partners and eliminate all landfill waste from production. In Nokia, Finland, 100% of production waste is already recycled and, in Vsevolozhsk, Russia, the recycling rate is nearly 90%.
RobecoSAM evaluates more than 2,000 publicly traded companies annually in terms of economic, social and environmental sustainability. For this year’s Sustainability Yearbook, the company reviewed companies from 60 different industries in 43 countries.
February 14, 2018
