As of 2025, Nexen Tire has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 absolute reduction targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Nexen Tire's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -59%a | 2034 |
Absolute-based Target | Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Fuel- and Energy-Related Services (Cat. 3) | Metric Tonnes of CO2 equivalent (mtCO2e) | -35%a | 2034 |
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Fuel- and Energy-Related Services (Cat. 3) | Metric Tonnes of CO2 equivalent (mtCO2e) | -90%a | 2045 |
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As of 2025, Nexen Tire has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.a
As of 2025, Nexen Tire has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Nexen Tire's most ambitious operational target is to reduce these emissions by 58.8% by 2034, compared to a baseline of 286,535 Metric Tonnes of CO2 equivalent (mtCO2e) in 2023.a
As of 2025, Nexen Tire is ahead of schedule on its operational emissions reduction target, having achieved 22.55% of the planned reduction.a
As of 2025, Nexen Tire has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 2 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Nexen Tire's most ambitious value chain target is to reduce these emissions by 35% by 2034, compared to a baseline of 1,092,953 Metric Tonnes of CO2 equivalent (mtCO2e) in 2023.a
Instead of reducing value chain emissions, Nexen Tire has increased them, with 2025 levels exceeding those of the 2023 baseline, placing the company well behind its reduction target.a
As of 2025, Nexen Tire has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.a
Nexen Tire's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 1,379,488 Metric Tonnes of CO2 equivalent (mtCO2e) in 2023, by 90% by 2045.a
Instead of reducing total carbon footprint, Nexen Tire has increased them, with 2025 levels exceeding those of the 2023 baseline, placing the company well behind its reduction target.a