Tyre maker Goodyear sets renewables procurement goal for EMEA

The Goodyear Tire & Rubber Company (NASDAQ:GT) has set a goal to procure 100% renewable energy in all its sites across Europe, the Middle East and Africa (EMEA) by end-2022, starting with facilities in select markets in the first phase of the plan.

The tyre manufacturer said in a statement that in order to meet its goal, it will raise its consumption of renewable energy sources like hydro, wind, solar or biomass power.

More specifically, Goodyear intends to purchase some 700,000 MWh of renewable electricity with Guarantees of Origin (GoOs) to supply its factories in France, Germany, Luxembourg, Poland, Slovenia, Turkey and the Netherlands. Later phases of the plan will cover the company’s facilities in South Africa and Cooper Tire plants in Serbia and the UK.

The plan is in line with Goodyear’s objective to cut carbon emissions intensity by 25% by 2023 versus a 2010 baseline. Last year, the company managed to achieve a 19% intensity reduction.

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