Sustainability Driven: KPIs for the Tire Sector 2019-2023
Operating under the umbrella of the World Business Council for Sustainable Development (WBCSD), since 2005, the Tire Industry Project (TIP) is the primary global forum for leading tire companies to engage on Environmental, Social, and Governance (ESG) topics. This voluntary, CEO-led initiative brings together ten global tire manufacturers that represent over 65% of the global tire manufacturing capacity. TIP’s mission is to anticipate, understand, and address significant sustainability topics relevant to the tire industry and its value chain.
At the heart of transportation systems worldwide, tires form the critical interface between vehicles and roads, ensuring safe and efficient mobility. In addition to helping move people, tires underpin various industries, facilitating the movement of goods and materials essential for economic activities ranging from logistics to agriculture and construction. Because of tires’ key role in mobility, advancements in tire technology also help contribute to greater sustainability for the entire industry.
Since 2022 dss+ has been supporting TIP in reporting on the sustainability performance of its members. This report includes KPIs relevant to the sustainability performance of the tire industry operations beyond manufacturing and discloses the performance of TIP’s members against KPIs linked to environmental, social, and governance (ESG) themes. For TIP members, measuring and tracking progress against KPIs is critical to understanding the impact of the tire industry and allowing members to benchmark their performance and identify key areas for improvement.
Highlights of this year’s report:
- Renewable Energy Adoption: TIP members embraced renewable energy, resulting in a double-digit, year-on-year reduction in CO2 emissions (18%) and their intensity (12.5%). Renewable electricity usage increased significantly in 2023, going from 28.7% of renewable electricity in 2022 to over 52% in 2023.
- Climate Change Mitigation: TIP members made significant improvements in addressing climate change. In addition to significantly reducing their CO2 emissions in 2023, four additional members secured validation of their greenhouse gas emission reduction targets from the Science Based Target Initiative (SBTI), bringing the total ratio of TIP members with validated SBTs to 70%.
- Waste Management: There was a marginal increase in waste generation and a 6% increase in waste intensity. However, TIP members are increasing waste recovery efforts year-over-year, reaching 94% in 2023 (up from 93.5% in 2022). Additionally, TIP is both developing the ELT Management Hierarchy and promoting circular economy models to improve ELT management.
- Diversity and Inclusion: 66% of new board nominees were women. Overall, women’s representation on member’s boards increased by 3% compared to 2022.
- TRWP Mitigation: TIP's commitment to mitigating TRWP was reaffirmed by the publication of the TRWP Mitigation white paper in April 2024. In 2023, TIP contributed to the field by sponsoring 4 new publications and saw a 7% increase in citations for TRWP research, totalling 513 citations.
If you want further information, please download the report or go to the official page https://tireindustryproject.org/sustainability-driven/#sustainability-driven-1-scroll-js