This expanded report on the sustainability performance of TIP members 2019-2022, showcases achievements including a 10% reduction in absolute CO2 emissions, a 31% increase in renewable electricity consumption, and a 90% rate of adoption of responsible sourcing policies.
The report discloses the performance of TIP’s members against KPIs linked to environmental, social, and governance (ESG) themes, while reporting on established TIP key performance indicators such as energy consumption, CO2 emissions, water use, waste generation and ISO 14001 certification. KPIs include the rate of adoption of responsible sourcing policies, the percentage of members with validated science-based targets, the share of water withdrawals from water stressed areas, and the share of female representation in the workforce and on Boards of Directors.
The KPIs provide a common set of measurements that can be used by tire manufacturers to assist their individual company efforts to improve their sustainability performance. The report underlines TIP’s commitment to improving the sustainability of the tire industry, and acknowledges that monitoring TIP member company progress, individually and collectively, will be critical to ensuring that the sector optimizes its contributions to the UN Sustainable Development Goals (SDGs).
The new KPIs were selected, in part, to align with the tire industry’s strategic sustainability roadmap.
The Roadmap – “Sustainability Driven: Accelerating Impact with the Tire Sector SDG Roadmap” – outlines seven Impact Pathways for tire manufacturers and serves as a guiding tool for the industry to individually and collectively address sustainability challenges while transitioning to a low-carbon, resilient and resource-efficient economy in alignment with the SDGs. As part of ongoing efforts to identify, monitor, and encourage sustainability actions, TIP will define additional KPIs relevant to the Roadmap’s Impact Pathways and include them in future editions of the KPI report.