Nokian Renkaat Oyj

Common Name

Nokian Renkaat

Country

Finland

Sector

Consumer Cyclical

Industry

Auto Parts

Employees

3,936

Ticker

TYRES

Exchange

Nasdaq Helsinki

Website

www.nokianrenkaat.fi

Description

Nokian Renkaat Oyj is a Finnish tire manufacturer specializing in premium tires for passenger cars, trucks, heavy machinery, and specialized vehicles. Founded in 1898 with roots tracing back to 1865, ... Show more

GHG Emissions Climate Targets EU Taxonomy

Nokian Renkaat's EU Taxonomy Data Preview

In 2025, Nokian Renkaat was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.

The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.

Nokian Renkaat has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Nokian Renkaat are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.

turnoveropexcapex

Metric	2025	2024	2023
Total Taxonomy Aligned Turnover	16.8%^a	14.9%^b	2%^c
Total Taxonomy Eligible Turnover	16.8%^a	14.9%^b	3.4%^c
Activity Level Taxonomy Aligned Turnover (2 activities)
3.6 CCM/CCA - Manufacture of other low carbon technologies	15.5%^a	13.6%^b	2%^c
5.1 CE - Repair, refurbishment and remanufacturing	1.4%^a	1.4%^b	N/A

Metric	2025	2024	2023
Total Taxonomy Aligned Opex	14%^a	11.9%^b	1.8%^c
Total Taxonomy Eligible Opex	14%^a	11.9%^b	1.8%^c
Activity Level Taxonomy Aligned Opex (1 activity)
3.6 CCM/CCA - Manufacture of other low carbon technologies	14%^a	11.9%^b	1.8%^c

Metric	2025	2024	2023
Total Taxonomy Aligned Capex	12.5%^a	3.8%^b	1%^c
Total Taxonomy Eligible Capex	12.5%^a	3.8%^b	1%^c
Activity Level Taxonomy Aligned Capex (2 activities)
3.6 CCM/CCA - Manufacture of other low carbon technologies	12.3%^a	3.7%^b	1%^c
5.1 CE - Repair, refurbishment and remanufacturing	0.2%^a	0.1%^b	N/A

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Verified Sources Behind Nokian Renkaat’s EU Taxonomy Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.

a. Nokian Renkaat's Annual Report 2025

b. Nokian Renkaat's Annual Report 2024

c. Nokian Renkaat's Annual Report 2023

d. Nokian Renkaat's Annual Review 2022

Insights into Nokian Renkaat's Revenues from Sustainable Activities

In 2025, Nokian Renkaat reported EU Taxonomy-eligible revenues of EUR 231.20 million, representing 16.8% of its total turnover. Of this amount, EUR 231.20 million of Nokian Renkaat's revenues was classified as EU Taxonomy-aligned, indicating that 16.8% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).^a

Nokian Renkaat's Taxonomy-Eligible Turnover Over Time

Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover

Have Nokian Renkaat's revenues become more sustainable over time?

Since 2022, Nokian Renkaat's taxonomy-aligned revenues decreased by 44%, indicating a long-term decline in environmentally sustainable revenue performance.^{a, d}

Compared to the previous year (2024), Nokian Renkaat's taxonomy-aligned revenues increased by 12.75%,highlighting Nokian Renkaat's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.^{a, b}

How much of Nokian Renkaat's revenue is eligible under the EU Taxonomy?

In 2025, Nokian Renkaat reported that EUR 231.20 million of its revenue was eligible under the EU Taxonomy, representing 16.8% of the company's total turnover. Of this amount, EUR 231.20 million (16.8% of total revenue) was classified as Taxonomy-aligned. This means that 0% of Nokian Renkaat's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.^a

How much of Nokian Renkaat's eligible revenue is aligned with the EU Taxonomy?

In 2025, Nokian Renkaat reported that EUR 231.20 million of its revenue was aligned under the EU Taxonomy, representing 16.8% of its total turnover.^a

This moderate level of alignment indicates that Nokian Renkaat has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.

Nokian Renkaat's Eligibility & Alignment Overview

Nokian Renkaat's Contribution to Environmental Objectives

Total Taxonomy Aligned Turnover

How is Nokian Renkaat's taxonomy-aligned revenue distributed across the EU environmental objectives?

In 2025, Nokian Renkaat reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 15.5%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 1.3%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%

How much revenue does Nokian Renkaat earn from selling climate-related solutions ?

In 2025, Nokian Renkaat reported that EUR 212.91 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 15.5% of the company's total revenue,indicating that Nokian Renkaathas a moderate focuson solutions that support climate action through its commercial activities.^a

Insights into Nokian Renkaat's CAPEX from Sustainable Activities

In 2025, Nokian Renkaat reported EU Taxonomy-eligible CAPEX of EUR 20.60 million,representing 12.5% of its total CAPEX. Of this amount, EUR 20.60 million of Nokian Renkaat's CAPEX was classified as EU Taxonomy-aligned, indicating that 12.5% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).^a

Nokian Renkaat's Taxonomy-Eligible Capex Over Time

Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex

Have Nokian Renkaat's increased its investment in sustainable activities over time?

Since 2022, Nokian Renkaat's taxonomy-aligned capital expenditure (CAPEX)decreased by 21.88%,indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.^{a, d}

Compared to the previous year (2024), Nokian Renkaat's taxonomy-aligned CAPEX increased by 228.95%,highlighting Nokian Renkaat's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.^{a, b}

How much of Nokian Renkaat's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

In 2025, Nokian Renkaat reported that EUR 20.60 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 12.5% of the company's total CAPEX. Of this amount, EUR 20.60 million (12.5% of total CAPEX) was classified as Taxonomy-aligned. This means that 0% of Nokian Renkaat's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).^a

How much of Nokian Renkaat's eligible CAPEX is aligned with the EU Taxonomy?

In 2025, Nokian Renkaat reported that EUR 20.60 million of its CAPEX was aligned under the EU Taxonomy, representing 12.5% of its total capital investment.^a

This moderate level of alignment indicates that Nokian Renkaat is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.

Nokian Renkaat's Eligibility & Alignment Overview

Nokian Renkaat's Contribution to Environmental Objectives

Total Taxonomy Aligned Capex

How is Nokian Renkaat's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

In 2025, Nokian Renkaat reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 12.3%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0.3%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%

How much Nokian Renkaat is investing in climate-related solutions?

In 2025, Nokian Renkaat allocated EUR 20.22 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 12.3% of the company's total capital expenditure,indicating that Nokian Renkaatis moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.^a

Insights into Nokian Renkaat's OPEX from Sustainable Activities

In 2025, Nokian Renkaat reported EU Taxonomy-eligible OPEX of EUR 5.80 million,representing 14% of its total operating expenses (OPEX). Of this amount, EUR 5.80 million of Nokian Renkaat's OPEX was classified as EU Taxonomy-aligned, indicating that 14% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).^a

Nokian Renkaat's Taxonomy-Eligible Opex Over Time

Total Taxonomy Eligible Opex
Total Taxonomy Aligned Opex

Have Nokian Renkaat's increased its spending in sustainable activities over time?

Since 2022, Nokian Renkaat's taxonomy-aligned operating expenditure (OPEX)decreased by 48.15%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.^{a, d}

Compared to the previous year (2024), Nokian Renkaat's taxonomy-aligned OPEX increased by 17.65%,highlighting Nokian Renkaat's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.^{a, b}

How much of Nokian Renkaat's operational expenditure (OPEX) is eligible under the EU Taxonomy?

In 2025, Nokian Renkaat reported that EUR 5.80 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 14% of the company's total OPEX. Of this amount, EUR 5.80 million (14% of total OPEX) was classified as Taxonomy-aligned. This means that 0% of Nokian Renkaat's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).^a

How much of Nokian Renkaat's eligible OPEX is aligned with the EU Taxonomy?

In 2025, Nokian Renkaat reported that EUR 5.80 million of its OPEX was aligned under the EU Taxonomy, representing 14% of its total operational expenditure.^a

This moderate level of alignment indicates that Nokian Renkaat is beginning to shift operational priorities toward greener practices, with room for deeper integration.

Nokian Renkaat's Eligibility & Alignment Overview

Nokian Renkaat's Contribution to Environmental Objectives

Total Taxonomy Aligned Opex

How is Nokian Renkaat's taxonomy-aligned OPEX distributed across the EU environmental objectives?

In 2025, Nokian Renkaat reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 14%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%

How much of Nokian Renkaat's operational budget supports climate-related solutions?

In 2025, Nokian Renkaat allocated EUR 5.82 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 14% of the company's total OPEX,indicating that Nokian Renkaatis moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.^a

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Nokian Renkaat's EU Taxonomy Data Preview

Verified Sources Behind Nokian Renkaat’s EU Taxonomy Data

Insights into Nokian Renkaat's Revenues from Sustainable Activities

Nokian Renkaat's Taxonomy-Eligible Turnover Over Time

Have Nokian Renkaat's revenues become more sustainable over time?

How much of Nokian Renkaat's revenue is eligible under the EU Taxonomy?

How much of Nokian Renkaat's eligible revenue is aligned with the EU Taxonomy?

Nokian Renkaat's Eligibility & Alignment Overview

Nokian Renkaat's Contribution to Environmental Objectives

How is Nokian Renkaat's taxonomy-aligned revenue distributed across the EU environmental objectives?

How much revenue does Nokian Renkaat earn from selling climate-related solutions ?

Insights into Nokian Renkaat's CAPEX from Sustainable Activities

Nokian Renkaat's Taxonomy-Eligible Capex Over Time

Have Nokian Renkaat's increased its investment in sustainable activities over time?

How much of Nokian Renkaat's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

How much of Nokian Renkaat's eligible CAPEX is aligned with the EU Taxonomy?

Nokian Renkaat's Eligibility & Alignment Overview

Nokian Renkaat's Contribution to Environmental Objectives

How is Nokian Renkaat's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

How much Nokian Renkaat is investing in climate-related solutions?

Insights into Nokian Renkaat's OPEX from Sustainable Activities

Nokian Renkaat's Taxonomy-Eligible Opex Over Time

Have Nokian Renkaat's increased its spending in sustainable activities over time?

How much of Nokian Renkaat's operational expenditure (OPEX) is eligible under the EU Taxonomy?

How much of Nokian Renkaat's eligible OPEX is aligned with the EU Taxonomy?

Nokian Renkaat's Eligibility & Alignment Overview

Nokian Renkaat's Contribution to Environmental Objectives

How is Nokian Renkaat's taxonomy-aligned OPEX distributed across the EU environmental objectives?

How much of Nokian Renkaat's operational budget supports climate-related solutions?

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