Goodyear Tire And Rubber

Goodyear Tire & Rubber Company: Carbon Emissions and Climate Commitments

For the 2024 reporting year, Goodyear Tire & Rubber Company reported total greenhouse gas emissions of approximately 137.4 billion kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.

• Scope 1 emissions totalled approximately 1.389 billion kg CO2e.
• Scope 2 emissions (market-based) were approximately 1.124 billion kg CO2e, and (location-based) were approximately 1.498 billion kg CO2e.
• Scope 3 emissions were dominated by the use of sold products, amounting to approximately 120.591 billion kg CO2e. Other significant Scope 3 categories include purchased goods and services (approximately 7.019 billion kg CO2e) and upstream transportation and distribution (approximately 1.287 billion kg CO2e).

Climate Targets and Initiatives:

Goodyear is committed to significant emissions reductions, aligning with science-based targets. Key commitments include:

• Net-Zero Goal: The company aims to achieve net-zero value chain greenhouse gas (GHG) emissions by 2050, using a 2019 baseline.
• Near-Term Targets (by 2030, from a 2019 baseline):
  • A reduction of 46.2% in absolute Scope 1 and Scope 2 GHG emissions.
  • A reduction of 28% in absolute Scope 3 GHG emissions, specifically from purchased goods and services, fuel and energy-related activities, and upstream transportation.
• Long-Term Targets (by 2050, from a 2019 baseline):
  • A reduction of 90% in absolute Scope 1 and Scope 2 GHG emissions.
  • A reduction of 90% in absolute Scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, and upstream transportation.

These near-term and long-term climate targets have been validated by the Science Based Targets initiative (SBTi).

Goodyear has also previously set goals such as a 25% reduction in energy intensity and GHG emissions by 2023 compared to a 2010 baseline. The company is actively working towards transforming its manufacturing operations to utilise renewable energy by 2040 to further reduce its carbon footprint.