International. Continental has been recognized by U.S. magazine Time and global data and business intelligence platform Statista as one of the world's 500 most sustainable companies by 2024.
This assessment is based on a special methodology developed by Time and Statista. They assessed a total of 5,000 companies based on their sustainability strategy and reporting, as well as more than 20 key indicators, including emissions intensity, energy consumption and share of renewable energy.
Continental achieved a score of 61.39 out of 100 possible points, which places it in 265th place in the ranking. In the automotive industry category, the company is in the top 10.
"We are proud that our extensive sustainability efforts have been recognized in independent rankings," says Jorge Almeida, Head of Sustainability at Continental Tires. He adds: "We are committed to implementing sustainable solutions throughout our value chain, while maintaining the highest standards of quality and performance."
Continental Tires is characterized by innovative technologies and sustainable solutions along the entire value chain: from the procurement of sustainable materials, through design and production, to the phase of use and recycling of end-of-life tires. The Tires group sector is demonstrating outstanding performance in all areas evaluated by Time and Statista.
All Continental tire plants are working on individual and company-wide solutions to achieve carbon-neutral production by 2040 at the latest. This year, Continental took an important step towards this goal at its tire plant in Lousado, Portugal, where the company can produce tires in a carbon-neutral way, which has been made possible by the steam generated by an electric boiler.
Due to 160 energy-saving projects, Cotinental Tires reduced its annual energy consumption by a total of around 150 gigawatt hours in 2023, which is equivalent to the annual energy demand of around 12,500 single-family homes and was achieved through increased use of renewable energy and thermal insulation. In addition, CO2 emissions were reduced by 31,000 tonnes in 2023 alone.
