JK Tyre & Industries, India’s leading tyre manufacturer, has reaffirmed its commitment towards sustainability by joining RE100 and using 100% renewable electricity by 2050.
JK Tyre is the first Indian tyre manufacturer and 16th Indian business to join RE100. To stay on course, the company has set a midterm goal (by FY’30) to reduce its greenhouse gas (GHG) emission intensity by 50% compared to the base financial year 2019. JK Tyre aims to drive sustainable practices within the sector, paving the way towards a carbon-neutral future by not only preparing for future climate regulations but going “Beyond Compliance”.
On joining the RE100 initiative, Dr. Raghupati Singhania, Chairman & Managing Director, JK Tyre, said, “Our decision to join RE100 represents our unwavering commitment to environmental responsibility. Under the motto “today for tomorrow,” we at JK Tyre believe that a sustainable future requires significant action today. As an environmentally conscious brand, energy efficiency and conservation remain at the top of our priority list. We take pride in joining world leaders in promoting this shift towards renewable energy and look forward to inspiring constructive change in the industry.”
Dr. Divya Sharma, India Executive Director, Climate Group said: “JK Tyre’s decision to procure 100% renewable electricity for their operations by 2050 is a milestone commitment. It shows that renewable electricity can indeed be considered for large scale, intensive manufacturing needs. We welcome them into the RE100 network and look forward to working with them – and to their progress.”
JK Tyre has been able to achieve positive sustainability results year-on-year. The company has set a primary objective to incrementally increase the utilisation of renewable energy by 2-5% annually and has consistently pursued the installation or procurement of green energy sources across its manufacturing facilities. Currently, 40% of the company’s energy consumption comes from renewable sources.
The company has also decreased its GHG Emission Intensity by 64% since base year 2013-14. JK Tyre has set a global benchmark in raw water usage at all its manufacturing facilities in India and has made them Zero Liquid Discharge, Zero-Waste-to-landfill as well as free of single-use plastic.
RE100 is a global initiative bringing together the world’s most influential businesses committed to 100% renewable electricity. Led by Climate Group, the initiative has over 400 of the world’s largest and most influential companies as members from diverse industries. RE100 was established in partnership with CDP.
About JK Tyre & Industries:
The flagship company of JK Organisation, JK Tyre & Industries Ltd is amongst the top 20 manufacturers in the world. Pioneers of radial technology, the Company produced the first radial tyre in 1977 and is the market leader in Truck Bus Radial segment. The Company provides end-to-end solutions across segments of passenger vehicles, commercial vehicles, farming, Off-the-Road and two & three-wheelers. The Company has 12 globally benchmarked ‘sustainable’ manufacturing facilities – 9 in India and 3 in Mexico – that collectively produce around 34 million tyres annually. The Company also has a strong network of over 6000 dealers and 750+ dedicated Brand shops called as Steel Wheels, Truck Wheels and Xpress Wheels. JK Tyre exports to about 100 countries with over 230 global distributors. JK Tyre is also synonymous with motorsport in the country. For over three decades, the Company has relentlessly worked towards shaping India’s positioning as the motorsport hub of Asia, developing the right infrastructure for the sport and promoting young talent in the arena.
About RE100:
RE100 is a global initiative bringing together the world’s most influential businesses committed to 100% renewable electricity. Led by Climate Group, our mission is to drive change towards 100% renewable grids, both through the direct investments of our members, and by working with policymakers to accelerate the transition to a clean economy. The initiative has over 400 members, ranging from household brands to critical infrastructure and heavy industry suppliers. With a total revenue of over US$6.6 trillion, our members represent 1.5% of global electricity consumption, an annual electricity demand higher than that of the UK. RE100 was established in partnership with CDP.
About Climate Group:
Climate Group drives climate action. Fast. Our goal is a world of net zero carbon emissions by 2050, with greater prosperity for all. We focus on systems with the highest emissions and where our networks have the greatest opportunity to drive change. We do this by building large and influential networks and holding organisations accountable, turning their commitments into action. We share what we achieve together to show more organisations what they could do. We are an international non-profit organisation, founded in 2004, with offices in London, New Delhi and New York.
