Nokian Renkaat Oyj

Common Name
Nokian Renkaat
Country
Finland
Sector
Consumer Cyclical
Industry
Auto Parts
Employees
3,810
Ticker
TYRES
Exchange
NASDAQ HELSINKI LTD
Description
Nokian Renkaat Oyj is a prominent company in the automotive industry, primarily focused on the design, manufacture, and marketing of tires. Renowned for its specialization in winter tires, the company...

Nokian Renkaat's Climate Target Data Preview

As of 2023, Nokian Renkaat has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 2 intensity-based target 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 Nokian Renkaat ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 3 - Purchased Goods and Services (Cat. 1)
Metric Tonnes of CO2 equivalent (mtCO2e)
Copy restricted. Please purchase to unlock this data.
2030
Absolute-based Target
Scope 3 - Use of Sold Products (Cat. 11)
Metric Tonnes of CO2 equivalent (mtCO2e)
Copy restricted. Please purchase to unlock this data.
2030
Intensity-based Target
Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Downstream Transportation and Distribution (Cat. 9)
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Tires from Unspecified Activities
Copy restricted. Please purchase to unlock this data.
2030
Intensity-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Tires Produced/Manufactured
Copy restricted. Please purchase to unlock this data.
2030
* This target is limited in scope and does not represent the company's full operational or organizational boundaries

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Nokian Renkaat's Greenhouse Gas Emissions Pathways

As of 2023, Nokian Renkaat 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.

Does Nokian Renkaat have a target to reduce the emissions from its operations?

As of 2023, Nokian Renkaat has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Nokian Renkaat's most ambitious operational target is to reduce these emissions by 52% by 2030, compared to a baseline of 0.71 Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Tires Produced/Manufactured in 2015.

Nokian Renkaat has already surpassed its operational emissions reduction target, with 2023 levels falling below the 2030 value, achieving its climate goal ahead of schedule.

Nokian Renkaat's Operational (Scope 1+2) Emissions Pathway

20152023203000.20.40.60.8BaselineCurrent (-78%)Target 2030 (-52%)

Does Nokian Renkaat have a target to reduce the emissions from its value chain?

As of 2023, Nokian Renkaat has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

Nokian Renkaat's most ambitious value chain target is to reduce these emissions by 25% by 2030, compared to a baseline of 5,154,290 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018.

Instead of reducing value chain emissions, Nokian Renkaat has increased them, with 2023 levels exceeding those of the 2018 baseline, placing the company well behind its reduction target.

Nokian Renkaat's Value Chain (Scope 3) Emissions Pathway

20182023203002 M4 M6 M8 MBaselineCurrent (+42%)Target 2030 (-25%)
Want Full Access to Nokian Renkaat's Climate Targets Dataset?
Sign Up