Nexen Tire
Nexen Tire Corporation, commonly referred to as Nexen Tire, is a leading global tyre manufacturer headquartered in South Korea (KR). Established in 1942, the company has made significant strides in the automotive industry, with a strong presence in major operational regions including North America, Europe, and Asia. Nexen Tire is renowned for its innovative approach to tyre design and production, offering a diverse range of products such as passenger car tyres, SUV tyres, and high-performance tyres. Their commitment to quality and cutting-edge technology sets them apart in a competitive market. With a focus on sustainability and performance, Nexen Tire has garnered numerous accolades, solidifying its position as a trusted name in the tyre industry. The company continues to expand its global footprint while maintaining a dedication to excellence and customer satisfaction.
DitchCarbon Score
How does Nexen Tire'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 Furniture Manufacturing 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
Nexen Tire's score of 36 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nexen Tire's reported carbon emissions
In 2022, Nexen Tire reported total greenhouse gas emissions of approximately 364,718,500 kg CO2e, comprising 72,872,100 kg CO2e from Scope 1, 291,846,300 kg CO2e from Scope 2, and 259,347,000 kg CO2e from Scope 3 emissions related to purchased goods and services. This marked a slight increase in emissions compared to 2021, where total emissions were about 368,296,200 kg CO2e, with Scope 1 and 2 emissions at 300,762,800 kg CO2e. Nexen Tire has set ambitious climate commitments, aiming to achieve significant reductions in greenhouse gas emissions. The company plans to expand the use of renewable energy and has set a target to meet RE100 goals by 2039 for its overseas plants and by 2045 for all plants. Additionally, in 2020, Nexen's domestic and European plants successfully reduced GHG emissions by about 23,000 tonnes CO2e compared to the previous year, demonstrating their commitment to sustainability. Overall, Nexen Tire is actively working towards reducing its carbon footprint and enhancing its environmental performance in the tyre manufacturing sector, with a focus on long-term sustainability and climate resilience.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 7,322,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 117,971,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Nexen Tire 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.
