Apollo Tyres to source 100% of its natural rubber from companies committed to new sustainability guidelines
“Global demand for tyres is on the rise, driven by increasing automobile sales and the growth of ride-hailing services, and we are determined to ensure that we – and the suppliers we rely upon – grow in a sustainable way,” says Benoit Rivallant, President and CEO of Apollo Tyres Europe.
Apollo Tyres is now sourcing 100% of its natural rubber supplies from companies who have committed to sustainability throughout the supply chain, aligning with the code of conduct set out by the Global Platform for Sustainable Natural Rubber (GPSNR).
The new initiative, which came into full effect recently, and forms part of Apollo Tyres’ Global Sustainability Strategy, applies to the supply of natural rubber to the company’s two European production facilities in the Netherlands and Hungary.
It has already led to significant changes in Apollo Tyres’ European supply chain, with the company establishing new natural rubber supply agreements with businesses that have sustainable sourcing or traceable-to-plantation policies.
As a result, all tyres produced at Apollo Tyres’ facilities in Europe, will now be made using natural rubber sourced from suppliers that have a commitment to the GPSNR policy framework – avoiding unsustainable practices that might negatively impact the climate, wildlife, human rights and local economies.
“Global demand for tyres is on the rise, driven by increasing automobile sales and the growth of ride-hailing services, and we are determined to ensure that we – and the suppliers we rely upon – grow in a sustainable way,” says Benoit Rivallant, President and CEO of Apollo Tyres Europe. “Natural Rubber is an environment friendly raw material, but only if it’s sourced sustainably. It’s our job to work with companies across the value chain to ensure total transparency and help the tyre industry manage its environmental and societal impacts.”
In addition to supporting its own sustainability strategy, Apollo Tyres is using the GPSNR commitment to align with the environmental goals of its global customers, which includes a number of leading vehicle manufacturers with which it has original equipment supply agreements.
Apollo Tyres secures ISO 20400 certification
In its global sustainability journey, Apollo Tyres has also recently secured ISO 20400 certification, which defines requirements for sustainable procurement, including accountability, transparency, respect for human rights, and ethical behaviour, and highlights key considerations such as risk management and priority setting.
The ISO 20400 provides guidelines to purchasing managers for incorporating sustainability into an organisation’s procurement processes. It integrates environmental, economic, and social aspects into the procurement decision making ensuring that the sourcing of raw materials, such as natural rubber, aligns with the standard to create an industry-wide culture of sustainability.
GlobalFoundries collaborates with STMicroelectronics for semiconductor manufacturing facility in France
The new facility will benefit from financial support from the State of France.
FAME subsidy: In third petition, CBITA talks about effectiveness of MHI EV policy and purpose of subsidies
The body goes on to add that the fuel-based ICE scooter lobby has constantly complained about the price equivalence that...
Tata Motors Finance extends Rs 125 crore limit in partnership with CJ Darcl Logistics
The operating lease facility will enable CJ Darcl Logistics to strengthen its fleet capacity, enabling it to deploy Tata...