Toyo Tire Corporation

Toyo Tire Corporation, headquartered in Japan, reported total Scope 1, 2, and 3 carbon emissions for 2024. Their Scope 1 emissions were 265,100,000 kg CO2e, Scope 2 emissions (market-based) were 55,200,000 kg CO2e, and Scope 3 emissions amounted to 14,785,500,000 kg CO2e. Key categories within Scope 3 included use of sold products (11,879,000,000 kg CO2e), and purchased goods and services (2,325,000,000 kg CO2e).

Looking back, in 2023, the company's Scope 1 emissions were 274,500,000 kg CO2e and Scope 2 emissions (location-based) were 280,500,000 kg CO2e. For 2019, the base year for several targets, Scope 1 emissions were 296,300,000 kg CO2e and Scope 2 (location-based) were 294,600,000 kg CO2e.

Toyo Tire Corporation has set ambitious climate commitments. They aim to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by FY2030, using FY2019 as the baseline, and intend to achieve carbon neutrality by 2050. Additionally, the company is committed to reducing Scope 3 GHG emissions per tyre by 20% by 2030 compared to 2019 levels. These near-term Scope 1 and 2 targets are validated by the Science Based Targets initiative (SBTi) as consistent with a 1.5°C warming trajectory. Furthermore, Toyo Tire Corporation commits that 89% of its suppliers by emissions covering purchased goods and services will have science-based targets by FY2029.