Primary Climate Goal
Nokian Tyres's target annual all Scopes emissions for 2045 should be equal to 0 Kt = 0% * 6,800 Kt, according to the company's stated climate goal.
In order to achieve this goal, Nokian Tyres would need to reduce its emissions at least by -283 Kt per annum over the period from 2022 to 2045:
-283 Kt = ( 0 Kt - 6,800 Kt ) / (2045 - 2021)
This translates into a -4.2% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Nokian Tyres aims to achieve carbon neutrality for all Scopes by 2045
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
Nokian Tyres reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 103 Kt (+16/+18% y-o-y). At the sime time, carbon intensity was down at 51 t (-6 /-10.6% y-o-y).
Nokian Tyres's Scope 3 emissions skyrocketed to 6,697 Kt (
The company is committed to achieving carbon neutrality for all Scopes by 2045, which translates into the estimated reduction of -283 Kt per annum over the period of FY2022 - FY2045. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Nokian Tyres aims to achive carbon neutrality across its entire value chain (all Scopes) in 2045. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.
Nokian Tyres also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Multinational Finnish tire company Nokian Tyres plc commits to reduce scope 1 and 2 GHG emissions 52% per ton of tires by 2030 from a 2015 base year and scope 3 GHG emissions from purchased goods and services and upstream and downstream transportation and distribution 25% per ton of tires by 2030 from a 2018 base year. Nokian Tyres also commits to reduce scope 3 GHG emissions from the use of sold products 25% per ton of tires by 2030 from a 2018 base year.