Toyo Tire Corporation has referenced the Global Reporting Initiative (GRI) Standards to report the following information for the period between January 1, 2024 and December 31, 2024.
| GRI Standards | Disclosure | Relevant links | |
|---|---|---|---|
| General disclosures | |||
| GRI 2:
General Disclosures 2021 |
1. The organization and its reporting practices | ||
| 2-1 | Organizational details | Corporate profile | |
| 2-2 | Entities included in the organization’s
sustainability reporting |
Report summary | |
| 2-3 | Reporting period, frequency and contact point | Report summary | |
| 2-4 | Restatements of information | Report summary | |
| 2-5 | External assurance | Verification statement | |
| 2. Activities and workers | |||
| 2-6 | Activities, value chain and other business relationships | Corporate profile | |
| 2-7 | Employees | Diversity | |
| 2-8 | Workers who are not employees | Diversity | |
| 3. Governance | |||
| 2-9 | Governance structure and composition | Governance structure | |
| 2-10 | Nomination and selection of the highest governance body | Governance structure | |
| 2-11 | Chair of the highest governance body | Governance structure | |
| 2-12 | Role of the highest governance body in overseeing the management of impacts | Governance structure | |
| Stakeholder engagement | |||
| 2-13 | Delegation of responsibility for managing impacts | Governance structure | |
| 2-14 | Role of the highest governance body in sustainability reporting | Governance structure | |
| 2-15 | Conflicts of interest | Governance structure | |
| 2-16 | Communication of critical concerns | Internal control system | |
| Compliance promotion system | |||
| 2-17 | Collective knowledge of the highest governance body | Governance structure | |
| 2-18 | Evaluation of the performance of the highest governance body | Governance structure | |
| 2-19 | Remuneration policies | Remuneration for executives *Japanese only | |
| 2-20 | Process to determine remuneration | Remuneration for executives *Japanese only | |
| Nomination & Compensation Committee | |||
| 2-21 | Annual total compensation ratio | Remuneration for executives *Japanese only | |
| 4. Strategy, policies and practices | |||
| 2-22 | Statement on sustainable development strategy | Message from the President | |
| 2-23 | Policy commitments | Message from the President | |
| Global Human Rights & Labor Policy | |||
| 2-24 | Embedding policy commitments | Message from the President | |
| Sustainability promotion system and cycle | |||
| 2-25 | Processes to remediate negative impacts | Reporting systems | |
| 2-26 | Mechanisms for seeking advice and raising concerns | Compliance promotion system | |
| 2-27 | Compliance with laws and regulations | Legal compliance in the environmental and socioeconomic fields | |
| 2-28 | Membership associations | Stakeholder engagement | |
| 5. Stakeholder engagement | |||
| 2-29 | Approach to stakeholder engagement | Stakeholder engagement | |
| 2-30 | Collective bargaining agreements | Labor and management relations | |
| Material topics | |||
| Help create a society of sustainable mobility Support the enjoyment of mobility for all | |||
| GRI 3:
Material Topics 2021 |
3-1 | Process to determine material topics | TOYO TIRE Materiality |
| 3-2 | List of material topics | TOYO TIRE Materiality | |
| 3-3 | Management of material topics | Challenges | |
| GRI 201:
Economic Performance 2016 |
201-2 | Financial implications and other risks and opportunities due to climate change | Environmental contribution |
| GRI 302:
Energy 2016 |
302-5 | Reductions in energy requirements of products and services | Environmental contribution |
| Reducing energy consumption | |||
| GRI 416:
Customer Health and Safety 2016 |
416-1 | Assessment of the health and safety impacts of product and service categories | Safety |
| Support diverse talent with motivating challenges and job satisfaction | |||
| GRI 3:
Material Topics 2021 |
3-1 | Process to determine material topics | TOYO TIRE Materiality |
| 3-2 | List of material topics | TOYO TIRE Materiality | |
| 3-3 | Management of material topics | Challenges | |
| GRI 404:
Training and Education 2016 |
404-1 | Average hours of training per year per employee | Education and training |
| 404-2 | Programs for upgrading employee skills and transition assistance programs | Developing talent with technical expertise | |
| 404-3 | Percentage of employees receiving regular performance and career development reviews | Education and training | |
| GRI 401:
Employment 2016 |
401-1 | New employee hires and employee turnover | Employment situation |
| 401-2 | Benefits provided to full-time employees that are not provided to temporary or part time employees | Promoting work-life balance | |
| 401-3 | Parental leave | Promoting work-life balance | |
| GRI 402:
Labor/Management Relations 2016 |
402-1 | Minimum notice periods regarding operational changes | Employment situation |
| Labor and management relations | |||
| GRI 405:
Diversity and Equal Opportunity 2016 |
405-1 | Diversity of governance bodies and employees | Diversity and equal opportunities |
| 405-2 | Ratio of basic salary and remuneration of women to men | Diversity and equal opportunities | |
| GRI 407:
Freedom of Association and Collective Bargaining 2016 |
407-1 | Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk | S: Upholding human rights |
| Continue innovating next-generation mobility technology | |||
| GRI 3:
Material Topics 2021 |
3-1 | Process to determine material topics | TOYO TIRE Materiality |
| 3-2 | List of material topics | TOYO TIRE Materiality | |
| 3-3 | Management of material topics | Challenges | |
| GRI 301:
Materials 2016 |
301-2 | Recycled input materials used | Creating recycling technologies for products and raw materials |
| GRI 416:
Customer Health and Safety 2016 |
416-1 | Assessment of the health and safety impacts of product and service categories | Supporting safe driving (improving safety awareness through data) |
| Pursue decarbonization in all corporate activities | |||
| GRI 3:
Material Topics 2021 |
3-1 | Process to determine material topics | TOYO TIRE Materiality |
| 3-2 | List of material topics | TOYO TIRE Materiality | |
| 3-3 | Management of material topics | Challenges | |
| GRI 201:
Economic Performance 2016 |
201-2 | Financial implications and other risks and opportunities due to climate change | Climate-related risks and opportunities |
| GRI 302:
Energy 2016 |
302-1 | Energy consumption within the organization | Reducing energy consumption |
| 302-2 | Energy consumption outside of the organization | Reducing energy consumption | |
| 302-3 | Energy intensity | Reducing energy consumption | |
| 302-4 | Reduction of energy consumption | Reducing energy consumption | |
| 302-5 | Reductions in energy requirements of products and services | Reducing energy consumption | |
| GRI 305:
Emissions 2016 |
305-1 | Direct (Scope 1) GHG emissions | Reducing Greenhouse Gas Emissions |
| 305-2 | Energy indirect (Scope 2) GHG emissions | Reducing Greenhouse Gas Emissions | |
| 305-3 | Other indirect (Scope 3) GHG emissions | Reducing Greenhouse Gas Emissions | |
| 305-4 | GHG emissions intensity | Reducing Greenhouse Gas Emissions | |
| 305-5 | Reduction of GHG emissions | Reducing Greenhouse Gas Emissions | |
| Promote supply chain sustainability | |||
| GRI 3:
Material Topics 2021 |
3-1 | Process to determine material topics | TOYO TIRE Materiality |
| 3-2 | List of material topics | TOYO TIRE Materiality | |
| 3-3 | Management of material topics | Challenges | |
| GRI 308:
Supplier Environmental Assessment 2016 |
308-1 | New suppliers that were screened using environmental criteria | Promoting sustainable procurement |
| 308-2 | Negative environmental impacts in the supply chain and actions taken | Promoting sustainable procurement | |
| GRI 414:
Supplier Social Assessment 2016 |
414-1 | New suppliers that were screened using social criteria | Conflict minerals response |
| 414-2 | Negative social impacts in the supply chain and actions taken | Conflict minerals response | |
| GRI 407:
Freedom of Association and Collective Bargaining 2016 |
407-1 | Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk | S: Upholding human rights |
| GRI 408:
Child Labor 2016 |
408-1 | Operations and suppliers at significant risk for incidents of child labor | S: Upholding human rights |
| GRI 409:
Forced or Compulsory Labor 2016 |
409-1 | Operations and suppliers at significant risk for incidents of forced or compulsory labor | S: Upholding human rights |
| Ensure the fundamentals of manufacturing: quality and safety | |||
| GRI 3:
Material Topics 2021 |
3-1 | Process to determine material topics | TOYO TIRE Materiality |
| 3-2 | List of material topics | TOYO TIRE Materiality | |
| 3-3 | Management of material topics | Challenges | |
| GRI 416:
Customer Health and Safety 2016 |
416-1 | Assessment of the health and safety impacts of product and service categories | Improving the development & production process |
| 416-2 | Incidents of non-compliance concerning the health and safety impacts of products and services | Violations relating to the health and safety impact of products and services | |
| GRI 417:
Marketing and Labeling 2016 |
417-1 | Requirements for product and service information and labeling | Meeting the quality standards of each country |
| 417-2 | Incidents of non-compliance concerning product and service information and labeling | Legal compliance in the environmental and socioeconomic fields | |
| 417-3 | Incidents of non-compliance concerning marketing communications | Legal compliance in the environmental and socioeconomic fields | |
