Nokian Renkaat Oyj

Common Name
Nokian Renkaat
Country
Finland
Sector
Consumer Cyclical
Industry
Auto Parts
Employees
4,012
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 2024, Nokian Renkaat has disclosed 19 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 17 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 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2025
Absolute-based Target
Scope 1 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2025
Absolute-based Target
Scope 3 - Purchased Goods and Services (Cat. 1)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2025
Absolute-based Target
Scope 3 - Capital Goods (Cat. 2)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2025
Absolute-based Target
Scope 3 - Upstream Transportation and Distribution (Cat. 4)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2025
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 3 - Capital Goods (Cat. 2)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 1 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 3 - Purchased Goods and Services (Cat. 1)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 3 - Upstream Transportation and Distribution (Cat. 4)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2050
Absolute-based Target
Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2050
Absolute-based Target
Scope 1 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
Copy restricted. Please purchase to unlock this data.
a
2050
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.
a
2050
Absolute-based Target
Scope 3 - Capital Goods (Cat. 2)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2050
Absolute-based Target
Scope 3 - Upstream Transportation and Distribution (Cat. 4)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2050
Intensity-based Target
Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Upstream Transportation and Distribution (Cat. 4)
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Unspecified Product Purchased
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a
2030
Intensity-based Target
Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Upstream Transportation and Distribution (Cat. 4)
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Unspecified Product Purchased
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a
2050
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Verified Sources Behind Nokian Renkaat’s Climate Targets Data

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a. Nokian Renkaat's Sustainability Report 2024
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Insights into Nokian Renkaat's Greenhouse Gas Emissions Pathways

As of 2024, 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. a

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

As of 2024, Nokian Renkaat has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Nokian Renkaat's most ambitious operational target is to reduce these emissions by 94.16% by 2050, compared to a baseline of 21,390 Metric Tonnes of CO2 equivalent (mtCO2e) in 2022. a

As of 2024, Nokian Renkaat is ahead of schedule on its operational emissions reduction target, having achieved 67.46% of the planned reduction. a

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

2022202420252030205005.5 k11 k16.5 k22 kBaselineCurrent (-64%)Target 2025 (-29%)Target 2050 (-94%)

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

As of 2024, 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. a

Nokian Renkaat's most ambitious value chain target is to reduce these emissions by 89.77% by 2050, compared to a baseline of 54,206 Metric Tonnes of CO2 equivalent (mtCO2e) in 2022. a

Instead of reducing value chain emissions, Nokian Renkaat has increased them, with 2024 levels exceeding those of the 2022 baseline, placing the company well behind its reduction target. a

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

20222024202520302050035 k70 k105 k140 kCurrent (+150%)Target 2025 (-8%)Target 2030 (23%)Target 2050 (-90%)
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