Toyo Tire Corporation

Toyo Tire Corporation, a Japanese company in the rubber and plastic products industry, has outlined significant climate commitments. For the fiscal year 2024, the company reported a total of approximately 15.09 billion kg CO2e across all scopes. This total is comprised of approximately 265.1 million kg CO2e for Scope 1 emissions, approximately 55.2 million kg CO2e for Scope 2 (market-based), and approximately 14.79 billion kg CO2e for Scope 3. Within Scope 3, the use of sold products accounted for the largest portion, approximately 11.88 billion kg CO2e, followed by purchased goods and services at approximately 2.33 billion kg CO2e.

Toyo Tire Corporation has set ambitious targets to mitigate its climate impact. The company aims to reduce its Scope 1 and 2 greenhouse gas (GHG) emissions by 46% by 2030, compared to 2019 levels. Furthermore, Toyo Tire Corporation has a long-term goal of achieving carbon neutrality by 2050. In terms of Scope 3 emissions, the company intends to reduce GHG emissions per tyre by 20% by 2030, relative to 2019 figures. These targets align with the Science Based Targets initiative (SBTi), with Toyo Tire Corporation committing to reduce absolute Scope 1 and 2 GHG emissions by 46.20% by FY2030 from a FY2019 base year. The company also aims for 89.00% of its suppliers, by emissions, covering purchased goods and services to have science-based targets by FY2029.