JK Tyre- best in class “ESG” rating in tyre industry – targets carbon net zero by 2050

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India, 29th December 2022:  JK Tyre with a mission to be the “Greenest Company” has set a benchmark for becoming a carbon neutral by 2050.

For JK Tyre – journey of sustainability started years back and has thus achieved many milestones along the way due to its unwavering focus:

·         Extensive all round efforts to reduce energy consumption has led to 9 GJ/ton of finished tyre in 2022 – the lowest in India and among the lowest 3 in the world.

·         Achieved 53% of energy through renewable sources and targets to cross 75% in next 5 years.

·         Globally lowest WATER consumption in tyre industry with less than 2 KL/ton consumption.  Already a Zero discharge company.

JK Tyre is continually striving to achieve efficiency in each of the areas towards sustainability goals for 2030.  As one of the greenest tyre manufacturers, JK Tyre follows a low-carbon strategy, which also forms the basis of our future growth. Our GHG reduction has been over 57% in the last eight years and we aim to be carbon neutral by 2050. 

The recent testament of efforts in this direction is the recognition given by the leading rating agency “CareEdge”, which has rated the company in the leadership position and has assigned the “Very Good” rating, with “Best in Class” in Tyre Industry.

The company believes in producing more with less, which is the foundation of environmental responsibility and is working on reducing energy intensity, greenhouse gas emissions. Furthermore, it is also extensively evaluating new greener, thus, sustainable materials and processes. JK Tyre environment stewardship is driven by goals of zero waste to landfill, single use plastic and zero effluent discharge as well as reduced water use. It is working towards, alignment with the United Nations Sustainable Development Goals, including those on human rights, anti-corruption and upholding of labour interests.

Dr. Raghupati Singhania, Chairman & Managing Director – JK Tyre & Industries Ltd. said, “The company’s focus is to work on substituting energy needs with renewable sources. In this direction JK Tyre is meeting its fair amount of thermal energy requirement through other sources replacing coal. All these efforts have significantly curbed the carbon emission in its processes and enabled to reduce the emission intensity by almost 57% in last 8 years to meet the aim of being the greenest company. JK Tyre is now amongst the most energy efficient tyre manufacturers in the world”.