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 38 is higher than 66% 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 greenhouse gas emissions of approximately 274,500 kg CO2e for Scope 1 and about 105,800 kg CO2e for Scope 2 (market-based). This marks a slight increase in Scope 1 emissions from 265,300 kg CO2e in 2022, while Scope 2 emissions decreased from approximately 253,600 kg CO2e in the same year. The company has not disclosed any Scope 3 emissions data. Toyo Tire Corporation has set ambitious near-term targets, committing to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by FY2030, using FY2019 as the base year. Additionally, the company aims for 89% of its suppliers, based on emissions from purchased goods and services, to have science-based targets by FY2029. These targets align with the Science Based Targets initiative (SBTi) and are consistent with the reductions required to limit global warming to 1.5°C. Looking towards the future, Toyo Tire Corporation has also pledged to achieve carbon neutrality by 2050, demonstrating a long-term commitment to addressing climate change. This commitment reflects the company's proactive approach to sustainability within the tyre manufacturing sector.
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| 2018 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 313,300,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 313,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | - |
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.
