Business
GOODYEAR FURTHER DEMONSTRATES ITS COMMITMENT TO CORPORATE RESPONSIBILITY IN 2021 REPORT
AKRON, Ohio, June 23, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today released its report on corporate responsibility performance
About this update from The Goodyear Tire & Rubber Company
[{"type":"text","content":"AKRON, Ohio, June 23, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today released its report on corporate responsibility performance for 2021. The report summarizes the progress the company made toward achieving its short- and long-term sustainability goals while further demonstrating its commitment to ethical and sustainable processes, materials and programs.\n\n \n \n \n \n \n \n\n \n\"While our 2021 report affords us the opportunity to reflect on the progress we have made along our sustainability journey, it is also an opportunity for us to look ahead,\" said Chairman, CEO and President Richard J. Kramer. \"Sustainability is a cornerstone of our business strategy and an integral part of our culture. Our engaged team of more than 70,000 Goodyear associates around the world will continue to deliver high-quality products and advanced mobility solutions enabled by responsibly managed materials in an efficient, responsible manner. We are committed to helping our customers reach their sustainability goals and to building a better future to keep the world moving today and tomorrow.\"\nGoodyear's 2021 report is organized around the four pillars of the company's corporate responsibility framework, Goodyear Better Future: Sustainable Sourcing, Responsible Operations, Advanced Mobility and Inspiring Culture. Some of the report's highlights are described below.\nSustainable Sourcing: In 2021, Goodyear scientists and engineers developed a demonstration tire made of 70% sustainable materials. This is significant progress toward the company's goal of creating a tire made 100% from sustainable materials by 2030. The demonstration tire has 13 featured ingredients, including three different carbon blacks produced from methane, carbon dioxide and plant-based oil; soybean oil; rice husk ash silica; and polyester recycled from plastic bottles and other plastic waste.\nResponsible Operations: In addition to announcing its long-term climate ambition of net-zero greenhouse gas emissions by 2050, Goodyear continued its work to reduce its environmental impact. In 2021, the company achieved a 24% reduction in greenhouse gas emissions intensity and an 18% reduction in energy intensity compared to a 2010 baseline. Goodyear also reduced global water consumption by 17% compared to a 2020 baseline.\nAdvanced Mobility: In 2021, Goodye...