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 52 is higher than 73% 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 greenhouse gas emissions of approximately 280,500,000 kg CO2e for Scope 1, 244,600,000 kg CO2e for Scope 2, and 81,700,000 kg CO2e for Scope 3 emissions. Notably, the Scope 3 emissions included significant contributions from the use of sold products, amounting to about 14,785,500,000 kg CO2e, and purchased goods and services, which accounted for approximately 2,500,000,000 kg CO2e. Toyo Tire has set ambitious near-term reduction targets through the Science Based Targets initiative (SBTi). The company aims to achieve a 46.2% reduction in absolute Scope 1 and 2 emissions by FY2030, using FY2019 as the baseline. Additionally, Toyo Tire commits that 89% of its suppliers, based on emissions from purchased goods and services, will have science-based targets by FY2029. These targets align with the necessary reductions to limit global warming to 1.5°C. In 2023, the company reported Scope 1 emissions of approximately 253,600,000 kg CO2e and Scope 2 emissions of 244,600,000 kg CO2e, indicating a slight increase in Scope 1 emissions compared to 2024. The Scope 3 emissions for 2023 were significantly higher at approximately 2,325,000,000 kg CO2e, reflecting the ongoing challenges in managing emissions across the supply chain. Overall, Toyo Tire Corporation is actively working towards substantial emissions reductions while engaging its supply chain in climate commitments, demonstrating a proactive approach to addressing climate change.
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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 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | 000,000,000 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000,000 | 0,000,000,000 | 00,000,000 |
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Toyo Tire Corporation's Scope 3 Categories Breakdown
Toyo Tire Corporation's Scope 3 emissions, which decreased by 96% last year and increased by approximately 453% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 13% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 18097% 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.
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