Toyo Tire Corporation
Toyo Tire Corporation, a prominent player in the tyre manufacturing industry, is headquartered in Japan (JP) and has established a significant presence across various global markets. Founded in 1945, the company has consistently evolved, achieving key milestones that underscore its commitment to innovation and quality. Specialising in high-performance tyres for passenger vehicles, trucks, and motorsports, Toyo Tire is renowned for its cutting-edge technology and unique tread designs that enhance safety and performance. The company’s dedication to research and development has positioned it as a leader in the industry, with notable achievements in both consumer and commercial tyre segments. With a strong market position, Toyo Tire continues to expand its operational regions, delivering exceptional products that meet the diverse needs of drivers worldwide.
DitchCarbon Score
How does Toyo Tire Corporation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Rubber and Plastic Products industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Toyo Tire Corporation's score of 49 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Toyo Tire Corporation's reported carbon emissions
In 2023, Toyo Tire Corporation reported total carbon emissions of approximately 1,763,036,000 kg CO2e. This figure includes Scope 1 emissions of about 274,500 kg CO2e, Scope 2 emissions of approximately 90,949,000 kg CO2e, and Scope 3 emissions totalling around 83,689,000 kg CO2e. The company has set ambitious near-term targets, committing to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46.2% by FY2030 from a FY2019 baseline. Additionally, Toyo aims for 89% of its suppliers, covering purchased goods and services, to have science-based targets by FY2029. In 2022, Toyo's total emissions were about 947,172,000 kg CO2e, with Scope 1 at approximately 265,300 kg CO2e, Scope 2 at around 27,934,000 kg CO2e, and Scope 3 emissions reaching about 868,211,000 kg CO2e. The company has demonstrated a significant reduction in emissions from 2021, where total emissions were approximately 668,057,000 kg CO2e. Toyo Tire Corporation has also committed to achieving carbon neutrality by 2050, reflecting its long-term climate strategy. The company's targets align with the Science Based Targets initiative (SBTi), ensuring that their emissions reduction efforts are consistent with the global goal of limiting temperature rise to 1.5°C.
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| 2018 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 313,300,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 313,000,000 | 00,000,000 | 00,000,000 | 000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Toyo Tire Corporation is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
