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Nokian Tyres plc


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Nokian Tyres plc is a Finnish company that specializes in the production of high-quality tires for various types of vehicles, including cars, trucks, and heavy machinery. Founded in 1988, the company has grown to become one of the leading tire manufacturers in the world, with a strong focus on sustainability and decarbonisation.

As a company operating in the tire sector, Nokian Tyres is acutely aware of the impact that its operations can have on the environment. The production of tires requires significant amounts of energy, and the disposal of used tires can also be a major environmental issue. In response to these challenges, Nokian Tyres has developed a comprehensive sustainability strategy that focuses on reducing its carbon footprint and promoting the use of renewable energy sources.

One of the key elements of Nokian Tyres' sustainability strategy is its commitment to decarbonisation. The company has set ambitious targets to reduce its greenhouse gas emissions, with a goal of achieving carbon neutrality by 2045. To achieve this goal, Nokian Tyres is investing in a range of initiatives to reduce its energy consumption and increase the use of renewable energy sources.

One of the ways that Nokian Tyres is working towards decarbonisation is through its corporate energy strategy. The company has implemented a range of measures to improve the energy efficiency of its operations, including the installation of energy-efficient lighting and the use of renewable energy sources such as solar and wind power. In addition, Nokian Tyres is exploring the use of new technologies such as energy storage systems and smart grid solutions to further reduce its energy consumption and carbon footprint.

Another important element of Nokian Tyres' sustainability strategy is its use of corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy supplier, which guarantees a fixed supply of renewable energy at a predictable price. By entering into these agreements, Nokian Tyres is able to secure a reliable source of renewable energy, while also supporting the growth of the renewable energy sector.

Nokian Tyres has already signed several corporate PPAs, including a 10-year agreement with a Finnish wind power company to supply renewable energy to its factory in Nokia. This agreement will provide Nokian Tyres with around 40% of the electricity it needs to power its operations, and will help the company to achieve its goal of using 100% renewable energy by 2035.

In addition to its focus on decarbonisation and renewable energy, Nokian Tyres is also committed to promoting sustainability throughout its supply chain. The company works closely with its suppliers to ensure that they meet its strict environmental and social standards, and has implemented a range of initiatives to reduce waste and improve resource efficiency.

Overall, Nokian Tyres is a company that is leading the way in the tire sector when it comes to sustainability and decarbonisation. Through its use of renewable energy, corporate PPAs, and focus on energy efficiency, the company is demonstrating that it is possible to operate a successful business while also reducing its environmental impact. As the world continues to transition towards a low-carbon economy, Nokian Tyres is well positioned to thrive and continue to be a leader in the tire sector.