Nokian Renkaat Oyj : Sustainability Statement 2025

About this update from Nokian Renkaat Oyj

‌THE LATITUDE OF VIANOR TROMSØ IN NORWAY 69°38 ′ 56 ″ N SUSTAINABILITY STATEMENT General information Environmental information Social information Governance information ESRS content index Additional sustainability disclosures 37 62 96 125 130 140 ‌GENERAL INFORMATION ESRS 2 General disclosures 38 GENERAL INFORMATION ESRS 2 General disclosures Sustainability is a part of Nokian Tyres' culture, strategy, and goals. The company's sustainability work is based on commitments, stakeholder dialogue, and the ambition to be a leader in sustainability. Daily work is guided by different standards and policies. Nokian Tyres has been a member of the UN Global Compact since 2015. The UN's 17 Sustainable Development Goals (SDGs) were created to promote prosperity while protecting the environment, and the goals provide a tool to examine sustainable business in the long term. Nokian Tyres has determined seven SDGs that are important for the company. Nokian Tyres will evaluate its non-financial targets in 2026. Nokian Tyres' targets handled in this report Topic Target Status at the end of 2025 E1 Climate change Near-term climate targets for 2030 and net-zero targets for 2050, approved by the Science Based Targets initiative* Proceeding as planned At least 60 products in the best rolling resistance A class by 2028 13 products in A class E2 Pollution No substances of very high concern (SVHC) in products Achieved Two audits by chemical specialists at all Nokian Tyres' tire factories each year to ensure chemical and environmental safety Partly achieved VOC emissions under the limits defined in permits Achieved Particle emissions from tire factories under the limits defined in permits Achieved No accidental discharges from factories into water or soil Achieved E4 Biodiversity and ecosystems Maintain the status that 100 percent of natural rubber processor suppliers are either GPSNR members or signed Nokian Tyres sustainability commitment Achieved E5 Resource use and circular economy Increase the share of renewable and recycled raw materials in tires to 50 percent by 2030* 28.3 percent Ensure that 100 percent of tire production waste continues to be utilized Achieved S1 Own workforce Increase manager's competence on Nokian Tyres' rewarding guidelines and practices. Measured through training attendance, targeting for over 60 percent attendance of all managers in 2025 Attendance: 30 percent Improve job rotation, such as percentage of transfers and promotions, base measured in 2025 Base: 16 percent Continuous improvement of the sentiment of equal opportunities, related to personnel survey question "Regardless of background, everyone at our company has an equal opportunity to succeed", baseline 2021: 65 64 Decrease lost-time incident frequency (LTIF) from 8.3 (2018) to 1.5 by 2025* Not achieved; LTIF: 3.7 S2 Workers in the value chain Uphold the status of having 100 percent of sustainability high-risk suppliers audited by performing at least five sustainability audits* Achieved Ensure that 100 percent of natural rubber processor suppliers continue to be either Global Platform for Sustainable Natural Rubber (GPSNR) members or signed Nokian Tyres sustainability commitment Achieved S4 Consumers and end users Ensure that 100 percent of premium passenger car tires in the selected scope continue to achieve an A or B class wet grip rating in the EU Tyre Labeling system and that all of the Nokian Tyres Hakkapeliitta products meet the EU ice grip requirements Achieved * Non-financial targets confirmed together with the financial targets. BP-1 Basis for preparation of the Sustainability Statement The Sustainability Statement has been prepared on a consolidated basis for the entire Nokian Tyres Group, scope of consolidation being the same as for the Financial Statements including the parent company and all the companies in which the group directly or indirectly holds more than 50 percent of the votes unless otherwise stated in connection with the disclosed information. The Statement also includes information about the upstream and downstream value chain related to the relevant material impacts, risks, and opportunities identified in the double materiality assessment. Selected policies, actions, and targets extend to the value chain as well. Nokian Tyres has exercised the option to omit sensitive information concerning its manufacturing partners and specific datapoints 31 a and 31 c of the disclosure requirement E5-4. BP-2 Disclosures in relation to specific circumstances Time horizons Reporting complies with the medium- or long-term time horizons defined by ESRS 1 section 6.4. Value chain estimation Several estimations are used in the calculation of Scope 3 emissions data, including, for example, the use of general emissions factors and averages. This affects the accuracy of calculations. The calculation principles are based on Nokian Tyres' GHG inventory, and they are presented in more detail under the disclosure requirement E1-6 . To enhance data quality, Nokian Tyres increasingly sources emissions data directly from raw material suppliers and transport companies, replacing generic emissions factors with actual figures in its calculations. Sources of estimation and outcome uncertainty All sources of estimation with a high level of measurement uncertainty are related to value chain emissions. Changes in preparation or presentation of sustainability information In 2025, the calculation of Scope 1 and 2 emissions improved, as some estimates were more precise due to better data availability. Find more information about this under E1-6 . Compared to 2024, there has been a change in the calculation method for the amounts of chemicals reported under the disclosure requirement E2-5 . The calculation method has been improved after consulting chemical experts, and restated figures for 2024 are available in the table "Substances of concern in 2025, main hazard classes". Reporting errors in prior periods There was a human error in 2024 reporting of substances of concern under the disclosure requirement E2-5 . The amounts of chemicals were reported under the wrong hazard classes, and one column in the table also had a wrong header. Thus, all data from 2024 has been restated. Under S1-14 , there was also a human error in reporting the number of cases of recordable work-related ill health of employees. Disclosures stemming from other legislation or sustainability reporting pronouncements The Statement includes additional disclosures on sustainability. The information is provided in accordance with the GRI standard, ESG rating requirements from S&P Global, and with the requirements of local legislation. This supplemental information is indicated visually with a round plus mark and the text "additional, non-material information". Some of the information is related to the material topics and thus placed among the topical ESRS disclosures. Information related to non-material topics is presented in the section " Additional sustainability disclosures ". Incorporation by reference There are no disclosures incorporated by reference. However, matters related to strategy and business model, risk management and internal controls, and remuneration are elaborated further in other parts of the Report by the Board of Directors and Remuneration Report. Use of phase-in provisions Nokian Tyres has used phase-in provisions regarding information related to ESRS sectors (SBM-1 40 b and c), information on anticipated financial effects (SBM-3 48 e, E1-9, E2-6, E4-6, and E5-6), disclosure requirement S1-12, and datapoint S1-15 93 b. GOV-1 Sustainability governance at Nokian Tyres The Board of Directors is responsible for the corporate governance of the company and the organization of its operations. The President and CEO, appointed by the Board of Directors, is responsible for day-to-day management of the company in accordance with the instructions and guidelines of the Board of Directors. At the end of 2025, there were seven non-executive members in the Board of Directors. There was no employee representation on the Board of Directors. The President and CEO was an executive director. The members of the Board of Directors have relevant experience in the following: CEO experience, international experience especially in the Nordic, Central European and North American markets, tire industry, consumer goods industry, financing, corporate risk management, and corporate governance. At the end of 2025, the Board of Directors had four male (57.1%) and three female members (42.8%) and two different nationalities. The age range was between 49-64 years. The President and CEO was male and held Italian citizenship. The members of the Board of Directors and the President and CEO showed diversity in the following aspects: Diversity factors Details Age Under 30 years old: 0% 30-50 years old: 12.5% Over 50 years old: 87.5% Gender Female: 37.5% Male: 62.5% Nationality Finnish: 62.5% German: 25% Italian: 12.5% Expertise Expertise in the tire industry: 25% CEO experience: 100% Leadership experience: 100% Education M.Sc. in Economics: 75% MBA: 12.5% Dipl. Ing. in Physics: 12.5% Master of Laws: 12.5% All members of the Board of Directors were independent of the company and of all major shareholders in the company; however, Antti Mäkinen was deemed independent of Solidium Oy starting from June 1, 2025. The Board of Directors is the highest body overseeing sustainability, including the impacts, risks and opportunities. The Board of Directors approves the key targets as well as the company's policies guiding the company's operations and internal control. The Board of Directors' People and Sustainability Committee (PSC), among other things, prepares sustainability topics for the Board of Directors and monitors developments in the operating environment and regulation relating to sustainability. All members of the PSC are independent of the company and of all major shareholders of the company. The PSC has no independent decision-making power; collective decisions are made by the Board of Directors. Nokian Tyres' sustainability work is led by the Senior Vice President, Operations, who is a member of the Management Team. The Sustainability Steering Group supervises and monitors the sustainability work within the group and comprises of senior representatives from Operations, Products & Innovations, Legal & Compliance, Finance, Human Resources, and Communications functions. The Greenhouse Gas (GHG) Steering Group supervises and monitors the progress in reducing greenhouse gas emissions within the group. The GHG Steering Group comprises of senior representatives from Operations, Production, Products & Innovations, Production Technology, and Procurement. The duties of all supervisors include day-to-day leadership of sustainability.

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