JK Tyre becomes India’s first tyre company to join RE100
ECONOMY & POLICY

JK Tyre becomes India’s first tyre company to join RE100

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.

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.

Next Story
Infrastructure Energy

Centre suggests states to list power firms

Power Minister Manohar Lal urged states and union territories to consider listing their power generation, transmission, and distribution companies on stock exchanges to attract investment and improve operational efficiency. Addressing the media, after a conference of power ministers, Lal highlighted the need for increased capital inflows to meet India’s rising power demand, which has placed added strain on the sector. “With the growing power demand, there is a growing need for investment in the sector and improving operational efficiencies. States may identify and take up utilities for lis..

Next Story
Infrastructure Transport

Metro on backburner as Tricity set to get new e-buses circuit

To boost connectivity for the commuters of the Tricity, a new circuit-cum-network of electric buses (e-buses) is all set to come up that will cover Chandigarh, Panchkula, and Mohali. The move comes days after Union Minister for Housing and Urban Affairs Manohar Lal Khattar said that in Chandigarh the ridership is not according to the criteria set for operating a Metro. He had also said that the option of a pod taxi can also be explored as it will not impact the heritage of the Union Territory (UT).Officials stated that the e-buses decision intends to provide an eco-friendly public transportati..

Next Story
Infrastructure Energy

Rajasthan government plans to develop hi-tech city near Jaipur

On the lines of Gujarat International Finance Tech (GIFT) City and Hyderabad Information Technology and Engineering Consultancy (HITEC) City, Raj govt is gearing up to develop a "hi-tech city" close to Jaipur. Recently, Boston Consulting Group – a multinational consulting firm – gave a presentation on the concept of hi-tech cities, follwing which the state govt has started looking for suitable land on outskirts of Jaipur. "We are going to construct a hi-tech city on the outskirts of Jaipur. We are trying to ascertain the amount of land required for core areas of the city and for areas wh..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000