Nokian Renkaat Oyj 2022 AR2
The report highlights Nokian Tyres' performance and strategic transition during 2022, marked by its decision to initiate a controlled exit from Russia and invest EUR 650 million in a new passenger car tire factory in Romania, which will be the industry's first zero CO2 emission factory. Despite geopolitical challenges, the company achieved record net sales in its Heavy Tyres and Vianor business units. In sustainability, Nokian Tyres introduced the Green Step concept tire made of 93% recycled or renewable materials and achieved a record low workplace accident frequency (LTIF) of 3.2. Additionally, the company was included in the Dow Jones Sustainability Europe Index and received an A- score from CDP for its climate change actions.
Company: Nokian Renkaat Oyj
Sector: Manufacturing
Country: Finland
Year: 2022
Type: AR2
Pages: 130
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Nokian Renkaat Oyj
Financial Review
The report highlights Nokian Tyres' performance and strategic transition during 2022, marked by its decision to initiate a controlled exit from Russia and invest EUR 650 million in a new passenger car tire factory in Romania, which will be the industry's first zero CO2 emission factory. Despite geopolitical challenges, the company achieved record net sales in its Heavy Tyres and Vianor business units. In sustainability, Nokian Tyres introduced the Green Step concept tire made of 93% recycled or renewable materials and achieved a record low workplace accident frequency (LTIF) of 3.2. Additionally, the company was included in the Dow Jones Sustainability Europe Index and received an A- score from CDP for its climate change actions.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees