Apollo Tyres

Apollo Tyres, headquartered in India and operating within the motor vehicles, trailers, and semi-trailers industry, has reported comprehensive carbon emissions data and established ambitious climate commitments.

For the fiscal year 2025, Apollo Tyres's total reported emissions amounted to approximately 730.9 million kg CO2e. This figure encompasses Scope 1 emissions of about 275.9 million kg CO2e, Scope 2 emissions of approximately 257.7 million kg CO2e, and Scope 3 emissions totalling around 197.4 million kg CO2e.

In fiscal year 2024, the company's total emissions were approximately 801.8 million kg CO2e, comprising Scope 1 at about 311.9 million kg CO2e, Scope 2 at approximately 293.1 million kg CO2e, and Scope 3 at around 196.7 million kg CO2e. The previous year, fiscal year 2023, saw total emissions of approximately 834.8 million kg CO2e, with Scope 1 at roughly 312.9 million kg CO2e, Scope 2 at about 327.4 million kg CO2e, and Scope 3 at around 194.5 million kg CO2e.

Looking back, Apollo Tyres reported total emissions of approximately 888.5 million kg CO2e in fiscal year 2022, including Scope 1 of about 354.9 million kg CO2e and Scope 2 of approximately 385.6 million kg CO2e. Scope 3 data was not fully disclosed for this year. In fiscal year 2021, total emissions were approximately 730.5 million kg CO2e, with Scope 1 at roughly 312.6 million kg CO2e and Scope 2 at about 328.6 million kg CO2e. For fiscal year 2020, total emissions stood at approximately 737.6 million kg CO2e, comprising Scope 1 of about 327.7 million kg CO2e and Scope 2 of approximately 332.2 million kg CO2e. Emissions data for fiscal years 2017, 2018, and 2019 were also reported, with Scope 3 emissions not being fully disclosed for 2017 and 2018.

Climate Commitments and Reduction Targets:

Apollo Tyres has set significant targets to reduce its environmental impact. The company is committed to reducing its Scope 1 emission intensity by 25% and Scope 2 emission intensity by 35% by fiscal year 2026, using fiscal year 2020 as a baseline. These targets have been consistently stated across various sustainability reports.

Furthermore, Apollo Tyres has made a commitment to achieve net-zero greenhouse gas emissions across its value chain by fiscal year 2050. As part of its Science Based Targets initiative (SBTi) commitments, the company aims to reduce absolute Scope 1 and 2 GHG emissions by 58.8% by fiscal year 2035, from a fiscal year 2025 base year. In parallel, it commits to reducing absolute Scope 3 GHG emissions by 37.5% within the same timeframe. Long-term targets include a 90.0% reduction in absolute Scope 1 and 2 GHG emissions by fiscal year 2050, and a 90.0% reduction in absolute Scope 3 GHG emissions from various categories, also by fiscal year 2050, from the fiscal year 2025 base year. The company's overarching net-zero commitment targets the reduction of greenhouse gas emissions across the value chain by fiscal year 2050.

Earlier disclosures indicated an aim to reduce Scope 1 and 2 emissions to near zero by the middle of the current decade.