- Rising raw material costs and exchange rate impacts.
- Stringent environmental protection regulations.
- High tax rates caused by anti-dumping and anti-subsidy measures.
- Impact of the COVID-19 pandemic on tire demand.
- Extreme climate events impacting supply chains and operations.
Nankang Rubber Tire Corp., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Nankang Rubber Tire Corp., Ltd. disclosed greenhouse gas emissions of 39.6K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 12.7K tCO2e/year; Scope 2: 26.9K tCO2e/year; Scope 3: 8.5K tCO2e/year. 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.
GHG Emissions
39.6K tCO2e/year (Scope 1 & 2)
2022
Renewable Energy
20% (target for production plant by 2030)
of total energy
Water Usage
119.1K m3/year
2022
Waste
2.2K tons/year
2022
📊 Emissions by Scope (2022)
| 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). | 12.7K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 26.9K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 8.5K tCO2e/year |
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 |
|---|---|
| 2022 | 39.6K tCO2e/year (Scope 1 & 2) |
| 2021 | 55.8K tCO2e/year (2021) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced GHG emissions by 3,451.85 metric tons of CO2e compared to FY2021.
- Reduced water consumption from 152,569 to 119,103 cubic meters.
- Reduced waste by 5% compared to FY2021.
- Installed 2MWh of solar photovoltaic equipment on the roof of Xinfeng Factory, with a further 5MWh under construction.
- Introduced a natural gas boiler in 2018, gradually replacing the oil-fired boiler.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce electricity consumption by 5% per year (2022-2025).
- Gradually replace energy-intensive equipment with energy-saving and efficient products.
📅 Medium-term
- Achieve zero carbon emissions in the office base by 2030.
- Achieve 20% renewable energy use in the production plant by 2030.
🔭 Long-term
- Achieve net zero carbon emissions and 100% renewable energy use for the whole company by 2050.
🌱 ESG Focus Areas
Environmental ProtectionOccupational Safety and HealthSustainable DevelopmentHuman RightsCorporate Governance