Nokian Renkaat Oyj

Common Name
Nokian Renkaat
Country
Finland
Sector
Consumer Cyclical
Industry
Auto Parts
Employees
4,406
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 GHG Emissions Data Preview

In 2024, Nokian Renkaat completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Nokian Renkaat has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Nokian Renkaat’s Greenhouse Gas (GHG) Emissions 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 Sustainability Report 2024
a. Nokian Renkaat's Sustainability Report 2024

Insights into Nokian Renkaat's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Nokian Renkaat amounted to 44,035 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Nokian Renkaat increased by 5.56%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Nokian Renkaat's Scope 1 Emissions Over Time

20222023202404 k8 k12 k16 ktCO2e+20%+16%
  • Total Scope 1
  • Year-over-Year Change

What are Nokian Renkaat's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Nokian Renkaat were 15,195 metric tons of CO₂ equivalent (tCO₂e). a

Has Nokian Renkaat reduced its Scope 1 emissions over time?

Since 2022, Nokian Renkaat's Scope 1 emissions have increased by 38.41%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Nokian Renkaat's Scope 1 emissions increased by 15.54%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Nokian Renkaat's Scope 2 emissions?

In 2024, Nokian Renkaat reported Scope 2 greenhouse gas (GHG) emissions of 7,803 tCO₂e using the market-based method and 28,840 tCO₂e using the location-based method. a

Has Nokian Renkaat reduced its Scope 2 emissions over time?

Since 2022, Nokian Renkaat's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have remained relatively stable, indicating that Nokian Renkaat 's emissions have plateaued with no significant change in its energy consumption footprint. a

Compared to the previous year (2023), Nokian Renkaat's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Nokian Renkaat 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Nokian Renkaat use for Scope 2 reporting?

In 2024, Nokian Renkaat reported its Scope 2 emissions using the market-based method and using the location-based method. a

Nokian Renkaat's Scope 2 Emissions Over Time

20222023202407.5 k15 k22.5 k30 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Nokian Renkaat's Value Chain Emissions

In 2024, Nokian Renkaat reported 7,642,987 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Nokian Renkaat includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Nokian Renkaat's Scope 3 Emissions Over Time

20222023202402.5 M5 M7.5 M10 MtCO2e+13%-5%
  • Total Scope 3
  • Year-over-Year Change

What are Nokian Renkaat's Scope 3 emissions?

In 2024, Nokian Renkaat reported total Scope 3 emissions of 7,642,987 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 11.34% of these emissions originated from upstream activities such as purchased goods and capital goods, while 88.66% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Nokian Renkaat reduced its Scope 3 emissions over time?

Since 2022, Nokian Renkaat's Scope 3 emissions have remained relatively stable, indicating that Nokian Renkaat 's emissions have plateaued with no significant change in its value chain footprint. a

Compared to the previous year (2023), Nokian Renkaat's Scope 3 emissions remained relatively stable, indicating that Nokian Renkaat 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Nokian Renkaat disclose?

In 2024, Nokian Renkaat reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Nokian Renkaat's Scope 3 emissions?

In 2024, the largest contributors to Nokian Renkaat's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 6,770,121 tCO₂e (88.58%)
  • Purchased Goods and Services (Cat. 1): 647,242 tCO₂e (8.47%)
  • Capital Goods (Cat. 2): 135,476 tCO₂e (1.77%)

Nokian Renkaat's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(88.6%)Capital Goods(Cat. 2)(1.8%)Purchased Goods andServices (Cat. 1)(8.5%)

Insights into Nokian Renkaat’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Nokian Renkaat reported Scope 1 greenhouse gas (GHG) emissions of 15,195 tCO₂e and total revenues of USD 1,342 millions. This translates into an emissions intensity of 11.32 tCO₂e per millions USD. a

Nokian Renkaat's Scope 1 Emissions Intensity Compared to Peers

2002,00020,000200,0002,000,000Scope 1 Emissions (tCO2e)2005002,00010,00020,000Revenues (Millions of USD)FAZFFFarasis Energy Gan ZhouYear: 2023Scope 1: 4,328 tCO2eRevenue: $M 2,313Scope 1 Intensity: 1.87 tCO2e/$MPolytec HoldingYear: 2024Scope 1: 14,220 tCO2eRevenue: $M 705Scope 1 Intensity: 20.16 tCO2e/$MSundram FastenersYear: 2024Scope 1: 21,425 tCO2eRevenue: $M 659Scope 1 Intensity: 32.53 tCO2e/$MSchaeffler IndiaYear: 2024Scope 1: 8,886 tCO2eRevenue: $M 946Scope 1 Intensity: 9.39 tCO2e/$MBurelleYear: 2024Scope 1: 74,572 tCO2eRevenue: $M 10,927Scope 1 Intensity: 6.82 tCO2e/$MJost WerkeYear: 2024Scope 1: 12,648 tCO2eRevenue: $M 1,113Scope 1 Intensity: 11.37 tCO2e/$MTong Yang IndustryYear: 2023Scope 1: 11,643 tCO2eRevenue: $M 778Scope 1 Intensity: 14.97 tCO2e/$MSaf-Holland SeYear: 2023Scope 1: 9,290 tCO2eRevenue: $M 2,331Scope 1 Intensity: 3.99 tCO2e/$MPlastiques du Val de LoireYear: 2024Scope 1: 6,600 tCO2eRevenue: $M 786Scope 1 Intensity: 8.40 tCO2e/$MMotherson Sumi Wiring IndiaYear: 2025Scope 1: 1,491 tCO2eRevenue: $M 1,085Scope 1 Intensity: 1.37 tCO2e/$MCEATYear: 2023Scope 1: 66,841 tCO2eRevenue: $M 1,358Scope 1 Intensity: 49.22 tCO2e/$MZhejiang Shuanghuan DrivelineYear: 2023Scope 1: 20,864 tCO2eRevenue: $M 1,136Scope 1 Intensity: 18.37 tCO2e/$MAAAnhui Zhongding Sealing PartsYear: 2023Scope 1: 17,031 tCO2eRevenue: $M 2,426Scope 1 Intensity: 7.02 tCO2e/$MMRFYear: 2025Scope 1: 594,035 tCO2eRevenue: $M 3,274Scope 1 Intensity: 181.43 tCO2e/$MGarrett MotionYear: 2023Scope 1: 5,835 tCO2eRevenue: $M 3,886Scope 1 Intensity: 1.50 tCO2e/$MDorman ProductsYear: 2024Scope 1: 15,593 tCO2eRevenue: $M 2,009Scope 1 Intensity: 7.76 tCO2e/$MGentexYear: 2024Scope 1: 10,941 tCO2eRevenue: $M 2,313Scope 1 Intensity: 4.73 tCO2e/$MBremboYear: 2024Scope 1: 108,135 tCO2eRevenue: $M 4,015Scope 1 Intensity: 26.93 tCO2e/$MZZZongshenYear: 2023Scope 1: 15,034 tCO2eRevenue: $M 1,147Scope 1 Intensity: 13.11 tCO2e/$MCheng Shin Rubber Ind.Year: 2024Scope 1: 72,989 tCO2eRevenue: $M 2,938Scope 1 Intensity: 24.84 tCO2e/$MDanaYear: 2024Scope 1: 134,400 tCO2eRevenue: $M 10,284Scope 1 Intensity: 13.07 tCO2e/$MMabuchi MotorYear: 2023Scope 1: 2,926 tCO2eRevenue: $M 1,263Scope 1 Intensity: 2.32 tCO2e/$MNifcoYear: 2023Scope 1: 666 tCO2eRevenue: $M 2,415Scope 1 Intensity: 0.28 tCO2e/$MStanley ElectricYear: 2021Scope 1: 3,464 tCO2eRevenue: $M 3,261Scope 1 Intensity: 1.06 tCO2e/$MNokian RenkaatYear: 2024Scope 1: 15,195 tCO2eRevenue: $M 1,342Scope 1 Intensity: 11.32 tCO2e/$M

How does Nokian Renkaat's GHG emissions intensity compare to its peers?

In 2024, Nokian Renkaat reported a Scope 1 emissions intensity of 11.32 tCO₂e per millions USD. Compared to the peer group median of 8.9 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Nokian Renkaat rank on GHG emissions intensity within its industry?

In 2024, Nokian Renkaat ranked 14 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Nokian Renkaat is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Nokian Renkaat's Total Carbon Footprint

In 2024, Nokian Renkaat reported a total carbon footprint of 7,687,022 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.27% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Nokian Renkaat's total carbon footprint was Scope 3 emissions, accounting for 99.43% of the company's total carbon footprint, followed by Scope 2 emissions at 0.38%. a

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