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 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 plays a crucial role in enhancing vehicle safety and performance, particularly in challenging driving conditions. Nokian serves both the consumer and industrial markets, providing products that cater to passenger cars, heavy-duty vehicles, and trucks. Its innovative approach and commitment to sustainability are reflected in its use of eco-friendly materials and advanced technologies for improved energy efficiency and reduced emissions. With a robust distribution network, Nokian Renkaat Oyj delivers its products globally, with strong market presence in regions with severe winter climates such as Scandinavia, Russia, and North America. The company's ongoing research and development efforts ensure its competitive edge in producing highly durable and efficient tires, thereby supporting automobile operators around the world in minimizing downtime and ensuring safety through their product range.
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.
Metric (tonnes)
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned A1 Turnover
Portion of total company turnover generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.
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Total Taxonomy Eligible A Turnover
Total turnover of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.
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Total Taxonomy Non-Eligible B Turnover
Total turnover of the company associated with activities that are not listed as eligible under the EU Taxonomy.
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3.6 CCM/CCA - Manufacture of other low carbon technologies
3.6 CCM/CCA - Manufacture of other low carbon technologies
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5.1 CE - Repair, refurbishment and remanufacturing
5.1 CE - Repair, refurbishment and remanufacturing
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Metric (tonnes)
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned A1 Opex
Portion of total company OPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.
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Total Taxonomy Eligible A Opex
Total OPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.
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Total Taxonomy Non-Eligible B Opex
Total OPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.
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3.6 CCM/CCA - Manufacture of other low carbon technologies
3.6 CCM/CCA - Manufacture of other low carbon technologies
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Metric (tonnes)
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned A1 Capex
Portion of total company CAPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.
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Total Taxonomy Eligible A Capex
Total CAPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.
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Total Taxonomy Non-Eligible B Capex
Total CAPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.
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3.6 CCM/CCA - Manufacture of other low carbon technologies
3.6 CCM/CCA - Manufacture of other low carbon technologies
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5.1 CE - Repair, refurbishment and remanufacturing
5.1 CE - Repair, refurbishment and remanufacturing
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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.
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 objectivesa:
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 objectivesa:
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 objectivesa:
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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