Goodyear has announced that its science-based near-term and net-zero greenhouse gas (GHG) reduction targets have been validated by the Science Based Targets initiative (SBTi).
SBTi evaluated Goodyear’s Scope and Scope 2 near-term target ambitions and determined that they are in line with a trajectory of limiting warming to 1.5°C above pre-industrial levels.
When assessing the company’s Scope 1, 2 and 3 long-term target ambitions, SBTi determined that these were aligned with its 1.5°C mitigation pathways for reaching net zero GHG by 2050.
The Akron-based tire maker says it is committed to achieving net zero GHG emissions across its value chain by 2050, from a 2019 base year.
Within this timeframe, Goodyear aims to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by 2030, from a 2019 base year. What’s more, Scope 3’s absolute GHG emissions from purchased goods and services, fuel and energy-related activities and upstream transportation, should be reduced by 28%.
“It is through the hard work of our team and their collaborative efforts with partners across our value chain that we are able to identify opportunities and build sound strategies to help us reach both our near- and long-term climate goals,” said Richard J Kramer, chairman, chief executive officer and president at Goodyear.
“The SBTi’s validation of our greenhouse gas emissions targets further strengthens our sustainability commitments.”
In addition to setting near- and long-term climate goals, Goodyear claims it is committed to using 100% renewable electricity in all manufacturing facilities by 2030, and 100% renewable energy in all manufacturing facilities by 2040.
The company has also set itself the goal of developing a tire made of 100% sustainable materials by 2030 and replacing all petroleum-derived oils in its products by 2040.
Goodyear will report annually on its progress toward achieving these targets.
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