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OrganisationsNexen Tire
Nexen Tire logo

Nexen Tire

Furniture ManufacturingSouth KoreaKSC: 002355.KS
Last verified 1 month agonexentire.com

Nexen Tire Corporation, commonly referred to as Nexen Tire, is a leading global tyre manufacturer headquartered in South Korea (KR). Established in 1942, the company has made significant strides in the automotive industry, with a strong presence in major operational regions including North America, Europe, and Asia.

Nexen Tire is renowned for its innovative approach to tyre design and production, offering a diverse range of products such as passenger car tyres, SUV tyres, and high-performance tyres. Their commitment to quality and cutting-edge technology sets them apart in a competitive market.

With a focus on sustainability and performance, Nexen Tire has garnered numerous accolades, solidifying its position as a trusted name in the tyre industry. The company continues to expand its global footprint while maintaining a dedication to excellence and customer satisfaction.

45
DitchCarbon score

+18 vs industry average

Nexen Tire’s score of 45 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

High

Furniture Manufacturing has above-average carbon intensity

Industry performance

0.369
20182025

The Furniture Manufacturing industry has reduced its overall emissions by 31% since 2018

Emissions trajectory 2020 – 2027

00.0B00.0B00.0B0.0B0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Nexen Tire's reported carbon emissions

In 2024, Nexen Tire Corporation reported total greenhouse gas emissions of approximately 17.4 billion kg CO2e. This figure includes 80,237,000 kg CO2e from Scope 1 emissions, 210,023,000 kg CO2e from Scope 2 emissions (market-based), and 17,365,553,000 kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its carbon footprint, committing to a 58.8% reduction in absolute Scope 1 and Scope 2 emissions by FY2034, using FY2023 as the baseline. Additionally, Nexen aims to cut Scope 3 emissions from purchased goods and services and fuel- and energy-related activities by 35% within the same timeframe.

Nexen's climate commitments also include plans to expand the use of renewable energy, targeting RE100 goals by 2039 for overseas plants and 2045 for all plants. In 2020, the company successfully reduced GHG emissions by about 23,000 tonnes CO2e compared to the previous year, demonstrating its ongoing efforts to mitigate climate impact. The emissions data is sourced directly from Nexen Tire Corporation, with no cascading from parent or related organizations.

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Nexen Tire’s Climate Goals (2030 & 2050)

3 goals

2034

58.8% reduction in Scope 2

NEXEN TIRE CORPORATION commits to reduce absolute scope 2 GHG emissions 58.8% by FY2034 from a FY2023 base year.

At risk58.8%

2034

58.8% reduction in Scope 1

NEXEN TIRE CORPORATION commits to reduce absolute scope 1 GHG emissions 58.8% by FY2034 from a FY2023 base year.

Behind target58.8%

2034

35% reduction in scope 3 upstream

NEXEN TIRE CORPORATION also commits to reduce absolute scope 3 GHG emissions from purchased goods and services and fuel- and energy-related…

Insufficient data35%

Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.

Scope 3 top emissions categories

15 of 15 categories disclosed
Use of Sold Products89%
Purchased Goods & Services6%
End-of-Life Treatment4%
Upstream Transportation & Distribution0%
Fuel & Energy Activities0%
Capital Goods0%
Upstream Leased Assets0%
Employee Commuting0%
Use of Sold Products89%
Purchased Goods & Services6%
End-of-Life Treatment4%
Upstream Transportation & Distribution0%
Fuel & Energy Activities0%
Capital Goods0%
Upstream Leased Assets0%
Employee Commuting0%

See all scope 3 categories

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

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Active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

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Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Not active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Nexen Tire logoNexen Tire
KRFurniture Manufacturing
1 month ago
45
Trelleborg logoTrelleborg
SEElectrical Machinery Manufacturing
2 days ago
91
View
Apollo Tyres logoApollo Tyres
INMotor Vehicle Manufacturing
2 days ago
57
View
Cheng Shin Rubber USA Inc. logoCheng Shin Rubber USA Inc.
USMotor Vehicle Manufacturing
2 days ago
21
View
Kumho Petrochemical logoKumho Petrochemical
KRChemicals
2 days ago
21
View

Frequently asked questions

Common questions about Nexen Tire’s sustainability data and climate commitments

In 2024, Nexen Tire reported total greenhouse gas emissions of approximately 17.4 billion kg CO₂e. This includes around 80 million kg CO₂e from Scope 1 emissions, about 210 million kg CO₂e from Scope 2 emissions, and nearly 17.4 billion kg CO₂e from Scope 3 emissions. The vast majority of emissions stem from the supply chain, highlighting the importance of addressing these areas in their sustainability strategy.

Data year: 2024

Usage policy

You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.

See our License Agreement for more details.

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Ditchcarbonv260722.1
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