For the second year running, Bridgestone EMIA has been awarded a platinum rating in its annual EcoVadis sustainability assessment. The award recognises Bridgestone’s sustainability achievements, with the platinum status putting Bridgestone EMIA in the top 1 percent of over 100,000 companies from over 200 industries worldwide.

EcoVadis is a provider of business sustainability ratings. It uses a system of scorecards to assess company sustainability performance, scoring companies out of 100 in four key areas: environment, labour and human rights, ethics and sustainable procurement.

Since its first assessment by EcoVadis in 2015, Bridgestone EMIA claims that its continued commitment to sustainable business practices has seen the company go from being in the top 12 percent of companies to the top 4 percent in 2018, before confirming its place in the top 1 percent in both, 2021 and 2022. This year’s improved score in labour and human rights is testament to Bridgestone’s ongoing application of its global human rights policy. The tyre manufacturer states that it conducts due diligence across its significant supply chain and range of operations throughout the year, ensuring that it meets and exceeds societal expectations. Bridgestone EMIA claims that its overall score climbed five points compared with 2021, with its rankings for labour and human rights and sustainable procurement each increasing by 10 points.

In the assessment category of sustainable procurement, Bridgestone’s work to continuously apply and strengthen its global sustainable procurement policy helps drive sustainability throughout the entire supply chain – to benefit both the environment and the communities it operates in. 

While scores in the remaining categories of environment and ethics remained the same as those in 2021, Bridgestone EMIA brought forward new evidence and initiatives to demonstrate its ongoing sustainability journey and commitment. According to the company, its sustainability efforts are a major part of Bridgestone’s mission to continue to provide social and customer value as a sustainable solutions company toward 2050. They are also the embodiment of the Bridgestone E8 Commitment – a set of eight values (energy, ecology, efficiency, extension, economy, emotion, ease, empowerment) which provide a compass and guide for the company to do business in a sustainable way.

Sharing his thoughts, Koji Takagi, Management Board Member and Chief Sustainability Officer, Bridgestone EMIA, commented “Receiving the top rating from EcoVadis for the second consecutive year confirms Bridgestone’s strong commitment to sustainability, and the fact we continue to provide social and customer value as a sustainable solutions company. We are particularly pleased to be recognised for our efforts to drive sustainability not just within Bridgestone but also throughout the entire supply chain. This rating reaffirms the positive impact our various initiatives, including the Bridgestone E8 Commitment, are having, and gives us renewed encouragement for our plans for the years ahead.”

A decade after pioneering the first winter-approved summer tyre, Michelin pushes boundaries again with its groundbreaking MICHELIN CrossClimate 3 Sport. Designed specifically for high-performance sports cars, this innovative tyre merges the dynamic handling of summer sport tyres with certified winter capability – a first for the market.

Engineered for powerful gas and electric vehicles, the CrossClimate 3 Sport delivers year-round confidence with exceptional wet grip (rated ‘A’ on the EU label) and durability. Its advanced materials and motorsport-derived technologies achieve what was once deemed impossible: combining summer tyre responsiveness with Three Peak Mountain Snowflake (3PMSF) winter certification.

Available since 1 July in 29 sizes (205/40R18 to 315/35R20), with 30 additional variants coming in 2026, the tyre has already secured its first OEM partnership. The new Alpine A390 will feature a custom A39-marked version, optimised for the model’s sporty agility in 245/45 R20 sizing. Alpine selected the CrossClimate 3 Sport from three contenders, valuing its all-season precision and winter-ready 3PMSF performance.

Industry recognition followed swiftly, with Michelin winning the 2025 ‘Ze Award for Technological Innovation’ on 3 July. Judged by automotive experts and journalists, the accolade underscores Michelin’s leadership in the booming all-season segment, now representing 37 percent of the market. By redefining performance boundaries, the CrossClimate 3 Sport reaffirms Michelin’s commitment to innovation that meets evolving driver needs.

Serge Lafon Director of the Original Equipment Business Line, said, “When designing this tyre for Alpine, we paid close attention to the vehicle’s specific characteristics. Developed for the largest and most powerful Alpine ever built, this tyre combines winter performance, energy efficiency, optimal grip and sporty responsiveness. It delivers consistent performance, so drivers can count on the tyre throughout its lifespan. Alpine is the first auto manufacturer to select the brand-new MICHELIN CrossClimate 3 Sport.  We are confident that this tyre meets the vehicle's demands and the expectations of consumers seeking long-term safety, simplicity and sportiness. We’re very proud of Alpine’s trust in us.”

Dominique Stempfel President of the French Tyre Manufacturers Association (Syndicat du Pneu), said, “The jury chose to honour the MICHELIN CrossClimate 3 Sport for pioneering a new segment: an all-season tyre designed specifically for sports car drivers seeking the year-round advantages of an all-season tyre without compromising on performance or safety.”

Continental has received the 43rd KS Energy and Environment Award in the vehicle technology category from Germany's Automobilclub KS e.V., recognising its leadership in sustainable mobility. The honour highlights Continental's UltraContact NXT, its most eco-friendly series tyre to date, which contains up to 65 percent renewable, recycled and ISCC PLUS-certified materials.

As part of the award, Automobilclub KS e.V. is donating EUR 10,000 to Kleine Herzen Hanover, a charity supporting paediatric heart care at Hanover Medical School since 2006. The funds will aid therapies and facility improvements for young patients.

The UltraContact NXT combines sustainability with performance: up to 32 percent renewable content, five percent recycled materials and 28 percent ISCC PLUS-certified bio-based and circular-sourced components. All available sizes achieve the EU tyre label's top 'A' rating for efficiency, wet grip and noise reduction.

Established in 1981, the KS Energy and Environment Award has long promoted emissions-reducing innovations in transport. Under the patronage of Germany's Federal Ministry for Economic Affairs and Climate Protection since 2022, the award underscores Continental's alignment with national sustainability goals through cutting-edge tyre technology.

Kristina Kumme, Continental Tires' Strategic Program Manager, EMEA, said, "With the UltraContact NXT, we have taken a significant step forward by combining maximum sustainability with excellent performance. We are pleased that the KS Energy and Environment Award jury recognised this innovative development, and we are honoured to support a significant charitable organisation with a EUR-10,000 donation through this award.”

Prof Dr-Ing. Dieter Anselm, a member of the expert jury, said, "For us, this volume tire is clear proof that Continental is working hard to promote innovative technologies and sustainable solutions throughout the entire value chain. Given that every car, regardless of its drive type, needs tyres today and will continue to need them in the future, this innovation has a significant impact.”

Bridgestone Corporation has reached an agreement to sell its subsidiary, Bridgestone Carbon Black (Thailand) Co., Ltd. (BSCB), to Tokai Carbon Co., Ltd. and Thai Tokai Carbon Product Co., Ltd. This divestment aligns with Bridgestone’s strategy to enhance its global business resilience by adapting to market changes and focusing on high-value segments.

As part of its Mid-Term Business Plan (2024–2026), Bridgestone is optimising its operations to strengthen growth and competitiveness. The company is prioritising its premium tyre business, aiming to boost productivity and innovation across the entire value chain – from materials development to logistics and sales – with a focus on its Dan-Totsu (best-in-class) products. The sale of BSCB supports this strategy by allowing Bridgestone to collaborate with specialised partners like Tokai Carbon, which possesses deep expertise in carbon black production and supply chain management.

Beyond securing a stable carbon black supply, Bridgestone and Tokai Carbon are jointly exploring sustainable solutions, including producing carbon black from recycled tyres. This partnership will enhance Bridgestone’s long-term competitiveness while advancing its sustainability goals. However, the company will retain in-house carbon black production for strategic applications, such as premium and motorsport tyres, through its Japanese subsidiary, Asahi Carbon Co., Ltd. This ensures control over critical technologies that align with its core business and sustainability initiatives.

The transaction, part of Bridgestone’s second-stage business restructuring, is expected to have minimal impact on its current fiscal year financial performance. The company remains committed to sustainable growth, balancing strategic in-house capabilities with collaborative ventures to maintain its leadership in the tyre industry.

Investigation reveals coordinated theft by contractors and employees through bulk pilferage and excess loading schemes

Goodyear India Limited disclosed that a comprehensive investigation by Ernst & Young uncovered a sophisticated theft operation at its Ballabgarh manufacturing plant, resulting in the loss of 4,571 tyres valued at approximately INR 39.11 million.

The tyre manufacturer’s board reviewed the investigative findings during a meeting that concluded last week, revealing what the company described as “potential theft of tyres in bulk by contractual workers involved in security, warehousing and loading operations, acting in collusion.”

Dual Theft Operations Exposed

The Ernst & Young investigation, spanning October 2023 to November 2024, identified two primary theft methods that enabled the systematic pilferage of farm tyres from the Faridabad-based facility.

Bulk Theft Scheme: The more significant operation involved truckloads of tyres being removed from the plant through coordination between third-party loading supervisors, warehouse workers, security guards, and external accomplices. Electronic communications reviewed by investigators revealed references to 4,057 tyres across 20 dates between July and December 2024, with detailed SKU counts discussed among the conspirators.

Security records were deliberately manipulated to conceal the theft, with one security contractor admitting to accepting kickbacks from a loading supervisor to avoid recording truck details carrying stolen merchandise.

Excess Loading Operation: A secondary scheme involved loading additional tyres beyond invoiced quantities onto legitimate shipments, with the excess stolen during transit. The investigation revealed a significant increase in overweight dispatches during the July-November 2024 period, with 50 per cent of overweight trucks dispatched during this timeframe, compared to historical patterns.

Quality assurance protocols were compromised, with one employee admitting to receiving instructions from a third-party warehouse vendor to disregard overweight trucks and dispatch them without conducting mandatory quality studies. The employee estimated that 5-6 excess tyres were loaded per truck in select shipments to Goodyear warehouses.

Quality Control Manipulation

The investigation also uncovered systematic inflation of tyre rejection quantities during pre-dispatch inspections. A quality assurance employee acknowledged receiving kickbacks to artificially inflate rejected tyre counts in daily reports, despite no physical rejections having occurred, allegedly to help manage inventory shortfalls maintained by the third-party warehouse vendor.

Data analysis revealed an increase in rejection rates in 2024 compared to 2023, with the manipulation involving collusion between employees and third-party quality inspectors.

Operational Control Gaps

Beyond the theft schemes, Ernst & Young identified significant weaknesses in Goodyear’s inventory management and production processes. The manual production handover system lacked proper verification, with multiple employees admitting that the defined processes weren’t followed.

Production records maintained manually revealed discrepancies, with multiple spreadsheets containing different production numbers for the same periods. The investigation found that production during shutdown periods wasn’t recorded in the Production Management Information System, creating variances that couldn’t be validated due to unreliable manual records.

Financial Impact and Response

The financial impact of the inventory shortage identified in November 2024 was already recognised in Goodyear India’s financial statements for the quarter ended 31 December 2024. “The management has taken cognisance of the findings and initiated appropriate legal and disciplinary actions against those involved,” the company stated in its regulatory filing. “Proactive measures, including a site security assessment and tightened controls, have been implemented.”

Investigation Methodology

Ernst & Young’s fact-finding review employed comprehensive investigative techniques, including data analytics, transaction testing, background checks on suspected third parties, forensic imaging of electronic devices, and interviews with employees and contractual workers.

The investigation covered electronically stored information from the laptops and server backups of suspected individuals, utilising keyword-based searches to identify suspicious communications that proved crucial in establishing the theft patterns.

Regulatory Compliance

The disclosure fulfils Goodyear India’s obligations under Regulation 30 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements Regulations, 2015. The company initially informed stock exchanges of the inventory variance on 12 February 2025.

“The Company remains committed to upholding the highest standards of corporate governance and safeguarding stakeholder interests,” Goodyear India stated in its filing.