Nokian Tyres

Nokian Tyres reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 103 Kt (+16/+18% y-o-y). At the sime time, carbon intensity was down at 51 t (-5.9 /-10.4% y-o-y).

Nokian Tyres's Scope 3 emissions skyrocketed to 6,697 Kt (+1,637/+32% y-o-y). There has been no clear trend lately.

The company is committed to achieving carbon neutrality for all Scopes by 2045, which translates into the estimated reduction of -283 Kt per annum over the period of FY2022 - FY2045. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Nokian Tyres aims to achive carbon neutrality across its entire value chain (all Scopes) in 2045. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

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.