Bridgestone Corporation today announced the publishing of its 2020-2021 Sustainability Report, marking a significant step forward in the company's mission to offer societal and consumer value as a sustainable solutions provider. The report details the actions Bridgestone has taken in the last year to realise its objective of contributing to the creation of a sustainable society. It includes details on the Group's Mid-Long Term Business Strategy, Sustainability Business Framework, Mid-Term Business Plan (2021-2023), and CSR initiatives.
"In order to meet changing social needs, we are taking on the challenge of creating value for society, our customers and Bridgestone. The Group will also carry out a wide range of social contribution activities beyond our business domains, to foster trust with society and various stakeholders for further value co-creation," said Shu Ishibashi, Global CEO and Representative Executive Officer, Bridgestone. "It is the role and responsibility of the Group to fulfill our responsibilities for the future, such as contributing to the achievement of SDGs with the mission of 'Serving Society with Superior Quality'. We would like to invite all of our stakeholders to join us on our sustainability journey and believe this report is an important step as it promotes transparency and accountability."
CLICK HEREto find a TyrePlex Dealer near you!
Also See:Bridgestone Partners With Indy Car Driver Graham Rahal And USTMA
Keep reading to find out what the Sustainability Report of Bridgestone consists:
The main points of the report are detailed below:
Contribution to Sustainable Development Goals (SDGs):
Guided by its mission of "Serving Society with Superior Quality," and the Group's "Our Way to Serve" global CSR commitment, Bridgestone is integrating sustainability into its culture, business strategy and operations.
Realization of Mid-Long Term Business Strategy with Sustainability as its Core:
The Mid-Long Term Business Strategy and Mid Term Business Plan (2021-2023) provide quantifiable targets and comprehensive activities, giving a roadmap for a strong and sustainable Bridgestone. Furthermore, the Group aspires to establish a business model where company value, such as revenue and profits, is generated in a sustainable manner through its Sustainability Business Framework. This includes initiatives to achieve carbon neutrality and a circular economy across all Group companies, from manufacturing and selling to delivering value during usage and tyre renewal.
Establishment of Concrete Goals for Achieving Carbon Neutrality
Bridgestone has announced its goal of achieving carbon neutrality in its long-term environmental vision for 2050 and beyond, along with its target of reducing absolute CO2 emissions by 50% from 2011's level by 2030.
Disclosure of CO2 Emissions and Renewable Energy Usage Rates
The Group's success in reducing total CO2 emissions by 31% in comparison to 2011's level in 2020 and its use of renewable energy for approximately 11% of its global energy consumption have been disclosed.
Announcement of Global Targets for Utilizing Renewable Energy
Bridgestone has put forth the goal of sourcing more than 50% of its power from renewable energy (electricity) by 2023 and declared its commitment to increasing its use of renewable energy going forward.
Want to get "Wheel balancing" performed on your vehicle?CLICK HERE
Also See:Michelin Has Marketed Its First Range Of Electric Bus Tyres
Build Trust to Propagate Value Co-creation:
Valuing co-creation with consumers and partners is critical to the company's sustainability business framework. To create confidence and illustrate its commitment to being a co-creation partner, the report outlines the Group's many social contribution efforts.
Management Fundamentals
The six Management Fundamentals of the Group are fundamental to its commitment to creating social and consumer value. The report includes a dialogue between officials from the Group's Board of Directors, Nominating Committee, Audit Committee, and Compensation Committee, as well as an overview of the Group's governance.
Bridgestone will celebrate its 90th anniversary in 2021. The Group will continue to contribute to the development of a sustainable society by building on its vision of "Serving Society with Superior Quality" and maturing into a sustainable solutions firm that provides social and customer value.
What do you think about Bridgestone and its Sustainability Report? Do you think it has done a good job in serving society? Please, tell us your thoughts in the comment section below.
Want to get "Wheel balancing" performed on your vehicle?CLICK HERE
