- Securing a stable human resource base
- Ensuring quality, including environmental compliance, throughout the value chain
- Climate change risks (changes in climate patterns, extreme weather, carbon pricing)
- Supply chain disruptions
- Maintaining profitability amidst fluctuating raw material prices and exchange rates
- Meeting increasingly sophisticated tire performance requirements with the shift to EVs
Toyo Tire Corporation
Greenhouse gas emissions & sustainability report data
By scope: Scope 1: 274.5 thousand t-CO2e; Scope 2: 105.8 thousand t-CO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
Renewable Energy
71.14%
of total energy
Water Usage
3.2K thousand kl
2023
Energy Use
7.7K thousand GJ
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 274.5 thousand t-CO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 105.8 thousand t-CO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021 | 268.2 thousand t-CO2e (2021) |
| 2020 | 6.8K (tCO2e/year) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- CO2 emissions reduction achieved (against 2019): Scope 1, 2: 35.6%, Scope 3: 1.5%
- Percentage of electricity from renewable sources used at production sites: 71.1%
- Percentage of sustainable raw materials used in products: 26% (by weight in products produced at the end of 2023)
- Development of a concept tire made from 90% sustainable raw materials
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water withdrawal by 10% compared to 2023 levels by 2030 at high-risk sites
- Reduce Scope 1, 2 GHG emissions by 25% by 2025 compared to fiscal 2019
- Expanded number of sustainable suppliers 2025: 100% implementation of risk assessments for primary suppliers
📅 Medium-term
- Scope 1, 2 GHG emissions: Reduce GHG emission by 46% by 2030 compared to 2019 and aim to achieve carbon neutrality by 2050.
- Scope 3 GHG emission per unit: Aim to help reduce GHG emissions per tire in 2030 by 20% compared to 2019.
- Ratio of sustainable raw materials used in products 2030: 40%
🔭 Long-term
- Achieve carbon neutrality by 2050
- Ratio of sustainable raw materials used in products 2050: 100%
🌱 ESG Focus Areas
Sustainable MobilityEnjoyment of MobilityDiverse Talent and Job SatisfactionNext-Generation Mobility Technology InnovationDecarbonizationSupply Chain SustainabilityQuality and Safety