Nokian Tyres has published its latest sustainability report, showcasing several milestones that the company reached during 2020. These include its new US factory receiving LEED v4 Silver certification; 100% of waste from manufacturing operations in Finland being recycled, and 99% in Russia and the USA; and having its emissions reduction targets approved by the Science Based Targets initiative (SBTi).
When asked about the last year, Jukka Moisio, president and CEO of Nokian Tyres, commented, “The experience has proved the importance of sustainability, and we are integrating it even more heavily into our business strategy. We promise to improve the eco-friendliness of our tires without compromising on safety. Our new sustainability strategy for the next five years includes innovations that improve the sustainability and safety of our products. This is why we are working on a concept tire made entirely of materials that are renewable or recycled. We plan to publish the concept tire by 2025. We are proud to show leadership in sustainability.”
Alongside the steps taken to become a greener and more environmentally friendly company, Nokian notes it has also made changes to safety practices at its three production factories in Russia, Finland and the US.
“In 2020, we also made major advances in occupational safety. Our LTIF [lost time incident frequency] figure decreased from 4.3 to a record low level of 3.7, and the work to reduce these figures continues. There are challenges, but we are committed to being part of the solution,” Moisio explained.
“In 2020, we started drafting a policy for sustainable natural rubber procurement, which will be finalized and implemented in 2021,” he continued.
“We are committed to the UN Global Compact, and improving working conditions and human rights along the supply chain is an issue we are working on together with our stakeholders. After an unprecedented year, we entered 2021 with some of the changes to our living environment turned into the ‘new normal’. Our commitment to sustainability has not changed – it stays at the core of what we do,” concluded Moisio.
The full corporate sustainability report can be found on Nokian’s website: Nokian Tyres Corporate Sustainability Report 2020 (cision.com)
