Nokian Tyres

Nokian Tyres reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 91 Kt (+1.6/+1.8% y-o-y). Carbon intensity also grew to 59 t (+9.1/+18% y-o-y).

Nokian Tyres's Scope 3 emissions plunged to 4,964 Kt (-997 /-16.7% y-o-y). This is a higher rate of decline than over the period since 4Q'18 (-7% CAGR).

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Nokian Tyres also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Multinational Finnish tire company Nokian Tyres plc commits to reduce scope 1 and 2 GHG emissions 52% per ton of tires by 2030 from a 2015 base year and scope 3 GHG emissions from purchased goods and services and upstream and downstream transportation and distribution 25% per ton of tires by 2030 from a 2018 base year. Nokian Tyres also commits to reduce scope 3 GHG emissions from the use of sold products 25% per ton of tires by 2030 from a 2018 base year.