Business Briefs: Nokian Tyres gets emissions reduction targets approved

Staff photo by Erin O. Smith / Alexander Buharov, the curing supervisor, works on a curing machine during the grand opening event for the Nokian Tyres production plant Wednesday, Oct. 2, 2019 in Dayton, Tennessee. At full production, the plant is expected to produce 4 million tires annually.

Nokian Tyres, which has a new tire production plant in Dayton, Tennessee, is the first tire company to have its emissions reduction targets approved by the Science Based Targets initiative.

The targets covering greenhouse gas emissions from Nokian Tyres' operations are consistent with reductions required to keep climate warming to 1.5°C, what's needed to prevent the most damaging effects of climate change, the Finland-based company said.

"We have already witnessed a practically snowless winter in Southern Finland and are committed to doing our part in saving winters for future generations. During the last six years, we have already reduced our greenhouse gas emissions by 44%, and the work continues," said Nokian Tyres President and CEO Hille Korhonen.

The Science Based Targets initiative is a collaboration between CDP (Carbon Disclosure Project), the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature.