Apollo Tyres Wins Silver Award for Sustainability for the Third Year

Key Highlights:

• Apollo Tyres kept its Silver Award from EcoVadis, with scores rising from 56 to 70 in three years.
• This ranks Apollo Tyres in the top 5% globally for rubber tyre manufacturing and retreading.
• EcoVadis evaluates on Environment, Labour and Human Rights, Ethics, and Sustainable Procurement.
• In FY24, Apollo Tyres' score improved to the 92nd percentile, boosted by Labour and Human Rights and Sustainable Procurement.
• Apollo Tyres enhanced ESG assessments for suppliers and supported local communities, focusing on women's empowerment.

Apollo Tyres has maintained its Silver Award from EcoVadis for sustainability excellence for the third year in a row. The company's scores have improved significantly from 56 to 70 over the past three years.

Apollo Tyres Ltd has been recognized as one of the top 5% of companies in the world for manufacturing rubber tyres and tubes, as well as retreading and rebuilding rubber tyres, the company stated.

About EcoVadis

EcoVadis is the world's leading provider of corporate sustainability ratings, assessing organizations based on four pillars: the environment, labor and human rights, ethics, and sustainable procurement.

Companies in the top 1% (99+ percentile) obtain platinum rankings, followed by gold in the top 5% (95+ percentile), silver in the top 15% (85+ percentile), and bronze in the top 35% (65+ percentile).

Apollo Tyres' overall performance score improved significantly in FY24, rising to the 92nd percentile from the 82nd percentile the previous year.

This significant improvement was fueled mostly by a 20-point gain in the Labour and Human Rights category and a 10-point increase in the Sustainable Procurement category. Despite gains in these areas, scores in the Environment and Ethics categories remained unchanged from the previous year.

Apollo Tyres' improved rankings in Labour and Human Rights and Sustainable Procurement can be attributed to a number of strategic efforts. The company has made a determined effort to improve its suppliers' Environmental, Social, and Governance (ESG) audits, ensuring that its supply chain meets high sustainability requirements.

Furthermore, Apollo Tyres has been actively committed in developing job opportunities for local communities, with a special emphasis on empowering women. These activities have contributed to the improvement of these communities' socioeconomic conditions as well as the promotion of sustainable development.

Furthermore, Apollo Tyres has placed a high priority on raising human rights awareness among its staff through extensive training programs.

These programs seek to educate employees on their rights and responsibilities, as well as to foster an organizational culture of respect and justice. The company's commitment to these principles is shown in its higher scores in the Labour and Human Rights category.

Also Read: Apollo Tyres Wins Daimler Truck Supplier Award 2024

CMV360 Says

Apollo Tyres has won the Silver Award from EcoVadis for three years in a row. This shows their strong commitment to sustainability and ethical practices. 

They've made moves in improving Labour and Human Rights and Sustainable Procurement, positively impacting their supply chain and communities. By focusing on these areas, Apollo Tyres not only boosts its reputation but also sets a great example for other companies in the industry.