In 2024, Toyo Tire 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).
Toyo Tire has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 268,700a | 274,500b | 265,300b | |
Total Scope 2 | ||||
Market-Based | 55,200a | 105,800b | N/A | |
Location-Based | 244,600a | 280,500b | 253,600b | |
Total Scope 3 | 14,785,500b | 16,388,700c | 13,019,800c | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 74.6156a | 70.2257b | 70.9205b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Toyo Tire amounted to 513,300 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 Toyo Tire decreased by 7.51%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Toyo Tire were 268,700 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Toyo Tire's Scope 1 emissions have decreased by 9.31%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Toyo Tire's Scope 1 emissions decreased by 2.11%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
In 2024, Toyo Tire reported Scope 2 greenhouse gas (GHG) emissions of 55,200 tCO₂e using the market-based method and 244,600 tCO₂e using the location-based method.a
Since 2019, Toyo Tire's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 16.97%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Toyo Tire's Scope 2 emissions (Location-Based) fell by 12.8% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab
In 2024, Toyo Tire reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Toyo Tire reported 14,785,500 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.b
The 2024 disclosure of Toyo Tire includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chainb
In 2024, Toyo Tire reported total Scope 3 emissions of 14,785,500 metric tons of CO₂ equivalent (tCO₂e).b
Approximately 18.07% of these emissions originated from upstream activities such as purchased goods and capital goods, while 81.93% came from downstream activities like product use, distribution, and end-of-life treatment.b
Since 2019, Toyo Tire's Scope 3 emissionshave remained relatively stable, indicating that Toyo Tire's emissions have plateaued with no significant change in its value chain footprint.bc
Compared to the previous year (2023), Toyo Tire's Scope 3 emissions remained relatively stable, indicating that Toyo Tire's emissions have plateaued with no significant change in its value chain footprint.bc
In 2024, Toyo Tire reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.b
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Toyo Tire's Scope 3 emissions were:b
In 2024, Toyo Tire reported Scope 1 greenhouse gas (GHG) emissions of 268,700 tCO₂e and total revenues of USD 3,601 millions. This translates into an emissions intensity of 74.62 tCO₂e per millions USD.a
In 2024, Toyo Tire reported a Scope 1 emissions intensity of 74.62 tCO₂e per millions USD. Compared to the peer group median of 9.92, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Toyo Tire ranked 23 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Toyo Tire among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Toyo Tire reported a total carbon footprint of 15,298,800 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.71% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.abc
The largest contributor to Toyo Tire's total carbon footprint was Scope 3 emissions, accounting for 96.64% of the company's total carbon footprint, followed by Scope 1 emissions at 1.76%.ab