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 68% 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 274,500,000 kg CO2e for Scope 1 and about 280,500,000 kg CO2e for Scope 2. This marks a slight increase in Scope 1 emissions from 2022, which were approximately 265,300,000 kg CO2e, while Scope 2 emissions also rose from about 253,600,000 kg CO2e in the previous year. Toyo Tire has set ambitious near-term targets to significantly reduce its carbon footprint. The company aims to achieve a 46.2% reduction in absolute Scope 1 and 2 emissions by FY2030, using FY2019 as the baseline year. Additionally, Toyo Tire is committed to ensuring 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 Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. Overall, Toyo Tire Corporation's climate commitments reflect a proactive approach to addressing climate change, with a focus on both direct emissions and supply chain impacts.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 268,200,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 284,400,000 | 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.
