Nokian Renkaat Oyj

Common Name

Nokian Renkaat

Country

Finland

Sector

Consumer Cyclical

Industry

Auto Parts

Employees

4,406

Ticker

TYRES

Exchange

NASDAQ HELSINKI LTD

Website

www.nokianrenkaat.fi

Description

Nokian Renkaat Oyj is a Finnish tire manufacturer specializing in premium tires for passenger cars, trucks, and heavy machinery. Renowned for its innovative winter tires, the company also produces sum... Show more

GHG Emissions Climate Targets EU Taxonomy Energy Waste Management

Nokian Renkaat's EU Taxonomy Data Preview

In 2024, 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 (tonnes)	2024	2023	2022	2021 - 2017
Total Taxonomy Aligned A1 Turnover	0000000	Copy/Paste is a PRO feature. ^b Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^c Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	0000000
Total Taxonomy Eligible A Turnover	0000000	Copy/Paste is a PRO feature. ^b Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^c Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	0000000
Total Taxonomy Non-Eligible B Turnover	Copy/Paste is a PRO feature. ^a Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^b Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^c Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	0000000
Activity Level Taxonomy Aligned A1 Turnover (2 activities)
3.6 CCM/CCA - Manufacture of other low carbon technologies	Copy/Paste is a PRO feature. ^a Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^b Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^c Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	0000000
5.1 CE - Repair, refurbishment and remanufacturing	Copy/Paste is a PRO feature. ^a Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature.	Copy/Paste is a PRO feature.	0000000

Metric (tonnes)	2024	2023	2022	2021 - 2017
Total Taxonomy Aligned A1 Opex	0000000	Copy/Paste is a PRO feature. ^b Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^c Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	0000000
Total Taxonomy Eligible A Opex	0000000	Copy/Paste is a PRO feature. ^b Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^c Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	0000000
Total Taxonomy Non-Eligible B Opex	Copy/Paste is a PRO feature. ^a Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^b Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^c Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	0000000
Activity Level Taxonomy Aligned A1 Opex (1 activity)
3.6 CCM/CCA - Manufacture of other low carbon technologies	Copy/Paste is a PRO feature. ^a Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^b Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^c Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	0000000

Metric (tonnes)	2024	2023	2022	2021 - 2017
Total Taxonomy Aligned A1 Capex	0000000	Copy/Paste is a PRO feature. ^b Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^c Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	0000000
Total Taxonomy Eligible A Capex	0000000	Copy/Paste is a PRO feature. ^b Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^c Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	0000000
Total Taxonomy Non-Eligible B Capex	Copy/Paste is a PRO feature. ^a Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^b Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^c Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	0000000
Activity Level Taxonomy Aligned A1 Capex (2 activities)
3.6 CCM/CCA - Manufacture of other low carbon technologies	Copy/Paste is a PRO feature. ^a Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^b Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature. ^c Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	0000000
5.1 CE - Repair, refurbishment and remanufacturing	Copy/Paste is a PRO feature. ^a Trace this value back to its sources Viewing source references is available to registered users. Create a Tracenable account to view up to 5 source references at no cost. Sign Up	Copy/Paste is a PRO feature.	Copy/Paste is a PRO feature.	0000000

Limited Data Preview

You are viewing a limited preview of Nokian Renkaat’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories (A1, A2, A, B, and A+B), at both aggregate and activity level, with historical coverage back to 2022.

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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. Explore Nokian Renkaat’s data sources below and access millions more through our Disclosure Search.

a. Nokian Renkaat's Annual Report 2024

b. Nokian Renkaat's Annual Report 2023

c. Nokian Renkaat's Annual Review 2022

Insights into Nokian Renkaat's Revenues from Sustainable Activities

In 2024, Nokian Renkaat reported EU Taxonomy-eligible revenues of EUR 192.50 million, representing 14.9% of its total turnover. Of this amount, EUR 192.50 million of Nokian Renkaat's revenues was classified as EU Taxonomy-aligned, indicating that 14.9% 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 Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover

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

Since 2022, Nokian Renkaat's taxonomy-aligned revenues decreased by 50.33%, indicating a long-term decline in environmentally sustainable revenue performance.^{a, c}

Compared to the previous year (2023), Nokian Renkaat's taxonomy-aligned revenues increased by 645%,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 2024, Nokian Renkaat reported that EUR 192.50 million of its revenue was eligible under the EU Taxonomy, representing 14.9% of the company's total turnover. Of this amount, EUR 192.50 million (14.9% 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 2024, Nokian Renkaat reported that EUR 192.50 million of its revenue was aligned under the EU Taxonomy, representing 14.9% 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 A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover

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

In 2024, Nokian Renkaat reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 13.6%
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 2024, Nokian Renkaat reported that EUR 175.41 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 13.6% 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 2024, Nokian Renkaat reported EU Taxonomy-eligible CAPEX of EUR 15.40 million,representing 3.8% of its total CAPEX. Of this amount, EUR 15.40 million of Nokian Renkaat's CAPEX was classified as EU Taxonomy-aligned, indicating that 3.8% 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 Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 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 76.25%,indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.^{a, c}

Compared to the previous year (2023), Nokian Renkaat's taxonomy-aligned CAPEX increased by 280%,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 2024, Nokian Renkaat reported that EUR 15.40 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 3.8% of the company's total CAPEX. Of this amount, EUR 15.40 million (3.8% 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 2024, Nokian Renkaat reported that EUR 15.40 million of its CAPEX was aligned under the EU Taxonomy, representing 3.8% of its total capital investment.^a

This low alignment reflects 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 A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex

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

In 2024, Nokian Renkaat reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 3.7%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0.1%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%

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

In 2024, Nokian Renkaat allocated EUR 14.80 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 3.7% of the company's total capital expenditure,indicating that Nokian Renkaathas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.^a

Insights into Nokian Renkaat's OPEX from Sustainable Activities

In 2024, Nokian Renkaat reported EU Taxonomy-eligible OPEX of EUR 4.70 million,representing 11.9% of its total operating expenses (OPEX). Of this amount, EUR 4.70 million of Nokian Renkaat's OPEX was classified as EU Taxonomy-aligned, indicating that 11.9% 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 Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 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 55.93%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.^{a, c}

Compared to the previous year (2023), Nokian Renkaat's taxonomy-aligned OPEX increased by 561.11%,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 2024, Nokian Renkaat reported that EUR 4.70 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 11.9% of the company's total OPEX. Of this amount, EUR 4.70 million (11.9% 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 2024, Nokian Renkaat reported that EUR 4.70 million of its OPEX was aligned under the EU Taxonomy, representing 11.9% 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 A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex

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

In 2024, Nokian Renkaat reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 11.9%
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 2024, Nokian Renkaat allocated EUR 4.66 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 11.9% 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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