JK Tyre currently enjoys the highest ESG rating in the tyre industry and now aims to achieve carbon net zero by 2050, informs Dr. Raghupati Singhania, Chairman & Managing Director, JK Tyre & Industries.
JK Tyre, with its mission to become the “Greenest Company”, has set benchmarks for becoming carbon neutral by 2050. The company’s journey towards sustainability started many years ago, during which it reached many milestones due to its unwavering focus.
- Extensive all-round efforts towards reducing energy consumption led to 9 GJ/ton of finished tyres in 2022 – the lowest in India and among the lowest three in the world.
- Achieved 53% of its energy use through renewable sources; it now targets over 75% in the next 5 years.
- In the global tyre industry JK Tyre has the lowest water consumption with less than 2 KL/ton consumption.
- It is already a Zero discharge company.
JK Tyre follows a low-carbon strategy, which also forms the basis of its future growth plans. Its GHG reduction has been over 57% in the last eight years. Recognizing the company’s efforts, leading rating agency CareEdge has awarded JK Tyre the “Very Good” rating and “Best in Class” - positioning it as a leader in India’s Tyre Industry.
The company believes in producing more with less, which is the foundation of its environmental responsibility. It is working on reducing energy intensity, greenhouse gas emissions, and is extensively evaluating more sustainable materials and processes. To reduce dependence on thermal energy and use of coal, JK Tyre is exploring renewable sources. In fact, its efforts in this direction have significantly curbed carbon emissions in its manufacturing processes and reduced emission intensity. JK Tyre is now positioned amongst the most energy-efficient tyre manufacturers in the world.
JK Tyre’s environment stewardship is driven by goals of zero waste to landfill, single-use plastic, zero effluent discharge, and minimum water consumption.