Toyo Tire Corp

Common Name
Toyo Tire
Country
Japan
Sector
Consumer Cyclical
Industry
Auto Parts
Employees
10,410
Ticker
5105
Exchange
TOKYO STOCK EXCHANGE
Description
Toyo Tire Corporation, a prominent entity in the automotive industry, primarily focuses on the manufacture and sale of high-quality tires for a wide array of vehicles. The company's product line inclu...

Toyo Tire's GHG Emissions Data Preview

In 2023, 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).

However, Toyo Tire has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 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
Unspecified Calculation Method
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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 Toyo Tire’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 Toyo Tire’s data sources below and access millions more through our Disclosure Search.

a. Toyo Tire's Webpage captured from company’s website 2024
a. Toyo Tire's Webpage captured from company’s website 2024
b. Toyo Tire's Integrated Report 2023
b. Toyo Tire's Integrated Report 2023

Insights into Toyo Tire's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Toyo Tire amounted to 555,000 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 2022, the total operational greenhouse gas (GHG) emissions of Toyo Tire increased by 6.96%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Toyo Tire's Scope 1 Emissions Over Time

201820192020202120222023080 k160 k240 k320 ktCO2e-5%-11%+2%-1%+3%
  • Total Scope 1
  • Year-over-Year Change

What are Toyo Tire's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Toyo Tire were 274,500 metric tons of CO₂ equivalent (tCO₂e). a

Has Toyo Tire reduced its Scope 1 emissions over time?

Since 2018, Toyo Tire's Scope 1 emissions have decreased by 12.38%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), Toyo Tire's Scope 1 emissions increased by 3.47%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Toyo Tire's Scope 2 emissions?

In 2023, Toyo Tire reported Scope 2 greenhouse gas (GHG) emissions of 105,800 tCO₂e using the market-based method and 280,500 tCO₂e using the location-based method. a

Has Toyo Tire reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Toyo Tire's Scope 2 emissions (Location-Based) rose by 10.61% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Toyo Tire use for Scope 2 reporting?

In 2023, Toyo Tire reported its Scope 2 emissions using the market-based method and using the location-based method. a

Toyo Tire's Scope 2 Emissions Over Time

201820192020202120222023080 k160 k240 k320 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Toyo Tire's Value Chain Emissions

In 2023, Toyo Tire reported 16,388,700 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 2023 disclosure of Toyo Tire includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Toyo Tire's Scope 3 Emissions Over Time

2019202020212022202304.5 M9 M13.5 M18 MtCO2e-11%+7%+1%+26%
  • Total Scope 3
  • Year-over-Year Change

What are Toyo Tire's Scope 3 emissions?

In 2023, Toyo Tire reported total Scope 3 emissions of 16,388,700 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), Toyo Tire's Scope 3 emissions increased by 25.88%, suggesting that the company faced challenges in reducing emissions across its value chain. a

Insights into Toyo Tire’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Toyo Tire reported Scope 1 greenhouse gas (GHG) emissions of 274,500 tCO₂e and total revenues of USD 3,909 millions. This translates into an emissions intensity of 70.23 tCO₂e per millions USD. a

Toyo Tire's Scope 1 Emissions Intensity Compared to Peers

1002,00020,000500,0005,000,000Scope 1 Emissions (tCO2e)1001,0005,00020,000100,000Revenues (Millions of USD)NNTYSAisinYear: 2023Scope 1: 525,133 tCO2eRevenue: $M 33,054Scope 1 Intensity: 15.89 tCO2e/$MNNNiterraYear: 2023Scope 1: 48,000 tCO2eRevenue: $M 4,223Scope 1 Intensity: 11.37 tCO2e/$MNSKYear: 2023Scope 1: 102,000 tCO2eRevenue: $M 7,043Scope 1 Intensity: 14.48 tCO2e/$MNichirinYear: 2023Scope 1: 4,954 tCO2eRevenue: $M 499Scope 1 Intensity: 9.92 tCO2e/$MNNNOKYear: 2024Scope 1: 57,000 tCO2eRevenue: $M 4,956Scope 1 Intensity: 11.50 tCO2e/$MYamahaYear: 2024Scope 1: 20,000 tCO2eRevenue: $M 3,056Scope 1 Intensity: 6.54 tCO2e/$MTTToyoda GoseiYear: 2022Scope 1: 106,200 tCO2eRevenue: $M 6,804Scope 1 Intensity: 15.61 tCO2e/$MDensoYear: 2023Scope 1: 565,000 tCO2eRevenue: $M 48,058Scope 1 Intensity: 11.76 tCO2e/$MGS YuasaYear: 2022Scope 1: 66,952 tCO2eRevenue: $M 3,541Scope 1 Intensity: 18.91 tCO2e/$MMercariYear: 2024Scope 1: 353 tCO2eRevenue: $M 1,166Scope 1 Intensity: 0.30 tCO2e/$MKoito ManufacturingYear: 2023Scope 1: 49,000 tCO2eRevenue: $M 6,492Scope 1 Intensity: 7.55 tCO2e/$MJ.Front RetailingYear: 2024Scope 1: 14,430 tCO2eRevenue: $M 2,702Scope 1 Intensity: 5.34 tCO2e/$MYokohama RubberYear: 2024Scope 1: 591,000 tCO2eRevenue: $M 6,973Scope 1 Intensity: 84.75 tCO2e/$MSumitomo Electric IndustriesYear: 2023Scope 1: 214,000 tCO2eRevenue: $M 30,071Scope 1 Intensity: 7.12 tCO2e/$MTS TechYear: 2023Scope 1: 7,083 tCO2eRevenue: $M 3,072Scope 1 Intensity: 2.31 tCO2e/$MTokyuYear: 2023Scope 1: 121,875 tCO2eRevenue: $M 6,992Scope 1 Intensity: 17.43 tCO2e/$MToyota BoshokuYear: 2025Scope 1: 59,018 tCO2eRevenue: $M 13,031Scope 1 Intensity: 4.53 tCO2e/$MYYYamaguchi Financial GroupYear: 2023Scope 1: 2,360 tCO2eRevenue: $M 481Scope 1 Intensity: 4.90 tCO2e/$MBridgestoneYear: 2024Scope 1: 1,509,385 tCO2eRevenue: $M 28,218Scope 1 Intensity: 53.49 tCO2e/$MMabuchi MotorYear: 2023Scope 1: 2,926 tCO2eRevenue: $M 1,263Scope 1 Intensity: 2.32 tCO2e/$MJTEKTYear: 2023Scope 1: 106,000 tCO2eRevenue: $M 12,599Scope 1 Intensity: 8.41 tCO2e/$MSSSumitomo Rubber IndustriesYear: 2023Scope 1: 363,000 tCO2eRevenue: $M 8,325Scope 1 Intensity: 43.60 tCO2e/$MNifcoYear: 2023Scope 1: 666 tCO2eRevenue: $M 2,415Scope 1 Intensity: 0.28 tCO2e/$MNHK SpringYear: 2022Scope 1: 43,000 tCO2eRevenue: $M 4,810Scope 1 Intensity: 8.94 tCO2e/$MStanley ElectricYear: 2021Scope 1: 3,464 tCO2eRevenue: $M 3,261Scope 1 Intensity: 1.06 tCO2e/$MToyo TireYear: 2023Scope 1: 274,500 tCO2eRevenue: $M 3,909Scope 1 Intensity: 70.23 tCO2e/$M

How does Toyo Tire's GHG emissions intensity compare to its peers?

In 2023, Toyo Tire reported a Scope 1 emissions intensity of 70.23 tCO₂e per millions USD. Compared to the peer group median of 8.94 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Toyo Tire rank on GHG emissions intensity within its industry?

In 2023, Toyo Tire ranked 25 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

Insights into Toyo Tire's Total Carbon Footprint

In 2023, Toyo Tire reported a total carbon footprint of 16,943,700 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 25.15% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Toyo Tire's total carbon footprint was Scope 3 emissions, accounting for 96.72% of the company's total carbon footprint, followed by Scope 2 emissions at 1.66%. a

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