Toyo Tire Corporation Sustainability Profile
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 40 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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Toyo Tire Corporation's reported carbon emissions
In 2024, Toyo Tire Corporation reported total Scope 1 emissions of approximately 265,100 kg CO2e. This marks a decrease from 2023, where Scope 1 emissions were about 274,500 kg CO2e, and Scope 2 emissions were approximately 55,200 kg CO2e. In 2022, the company disclosed a total of about 15,635,618,000 kg CO2e across all scopes, with Scope 1 emissions at approximately 274,500,000 kg CO2e, Scope 2 at about 50,000 kg CO2e, and significant Scope 3 emissions of around 15,044,618,000 kg CO2e. Toyo Tire has set ambitious near-term targets through the Science Based Targets initiative (SBTi), committing to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46.2% by FY2030 from a FY2019 baseline. Additionally, the company aims for 89% of its suppliers, covering purchased goods and services, to have science-based targets by FY2029. These targets align with the necessary reductions to limit global warming to 1.5°C. Overall, Toyo Tire Corporation is actively working towards significant emissions reductions while enhancing its sustainability practices within the tyre industry.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000,000 | 000,000 | 000,000 | 000,000 | 000,000,000 | 000,000 | 000,000 |
| Scope 2 | - | - | 000,000,000 | - | - | - | 00,000 | 00,000 | - |
| Scope 3 | - | - | - | 00,000,000 | - | - | 00,000,000,000 | - | - |
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Toyo Tire Corporation's Scope 3 Categories Breakdown
Toyo Tire Corporation's Scope 3 emissions, which increased significantly last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 80% of Scope 3 emissions.
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Toyo Tire Corporation's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Toyo Tire Corporation has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
