Bridgestone has been designated as 'Prime' in the auto sector in the ISS ESG Corporate Rating, with an effective March 2021.
The ISS ESG is a leading environmental, social, and governance (ESG) rating institution that empowers investors and companies to build long-term and sustainable growth by providing data, analytics and insights related to the company's performance.
The ESG Corporate Ratings score companies based on ESG factors and those receiving particularly high scores within their respective sector are awarded a 'Prime' distinction. This marks the first time Bridgestone earned a 'Prime' rating from ISS ESG.
With this rating, Bridgestone has been recognized for its advancements in ESG initiatives and information disclosure. Examples of these efforts include contributing to the creation of a circular economy in the company's Milestone 2030*1 mid-term environmental targets and requesting that business partners comply with its Global Sustainable Procurement Policy, which was introduced in 2018. (TT)
Epsilon Carbon Introduces LNG-Powered Truck Fleet for Sustainable Logistics
- By MT Bureau
- July 23, 2025
Epsilon Carbon, a leading producer of carbon black in the country, has introduced a fleet of six liquified natural gas (LNG)-powered container trucks to transport carbon black to its tyre manufacturing customers. The initiative is part of the company’s efforts to reduce emissions and improve supply chain efficiency.
According to Epsilon, LNG-powered trucks emit 20–25 percent less carbon dioxide, up to 90 percent less nitrogen oxides (NOx), and nearly 100 percent less particulate matter compared to diesel trucks. They also offer 5–10 percent better fuel efficiency, contributing to lower fuel use and operating costs.
The move supports Scope 3 emission reductions for both Epsilon and its customers, allowing tyre manufacturers to account for lower downstream emissions in their sustainability reporting.
Each LNG truck has a range of around 500 kilometres, suitable for medium-to-long-distance freight. Epsilon plans to expand the fleet based on customer demand and utilisation, aligning with its broader decarbonisation strategy.
Vikram Handa, Managing Director, Epsilon Carbon, said, “India’s road logistics sector moves nearly 70 percent of domestic freight and plays a critical role in the economy. We believe the future of logistics must be both efficient and environmentally responsible. As a leader in the chemical industry, we are committed to reducing our environmental footprint. The launch of our LNG-powered fleet is a step towards cleaner, smarter freight movement and reflects our continued support for India’s Net Zero goals by 2070.”
Dunlop Tyres Appoints Saurav Mukherjee As SVP – Global Sales And Operations
- By TT News
- July 22, 2025
Dunlop Tyres has announced the appointment of Saurav Mukherjee as its new Senior Vice President – Global Sales and Operations. With extensive expertise in driving growth, fostering customer relationships and leading high-performing teams, Mukherjee will oversee the company’s global operations.
His leadership comes at a pivotal time as Dunlop strengthens its commitment to delivering quality, reliability and expanded reach, particularly in the Indian market. The company expressed confidence that Mukherjee’s strategic vision will usher in a new era of scale, structure and sustained sales momentum.
Nexen Tire Bags Gold Rating From EcoVadis For 2nd Consecutive Year
- By TT News
- July 15, 2025
South Korean tyre major Nexen Tire has added another feather to its cap and has received a Gold rating from EcoVadis for the second year in succession. This places the company among the top 3 percent of over 150,000 companies assessed globally.
Established in 2007 in France, EcoVadis evaluates corporate sustainability performance across Environment, Labour & Human Rights, Ethics and Sustainable Procurement. Its ratings are Platinum (top 1 percent), Gold (top 5 percent), Silver (top 15 percent) and Bronze (top 35 percent).
Nexen Tire showed improvements across all assessment areas. In the Environment category, the company's involvement in global sustainability initiatives, including the Global Platform for Sustainable Natural Rubber (GPSNR), the UN Global Compact (UNGC) and the Science Based Targets initiative (SBTi) was noted. Climate education programmes and greenhouse gas emissions disclosure were contributors.
For Labour & Human Rights, Nexen Tire's human rights policy aligns with international standards from the United Nations and the International Labour Organization (ILO). The company also began human rights assessments for risk management.
In the Ethics pillar, the company reinforced internal systems for risk prevention, monitoring, and mitigation. The Sustainable Procurement score improved through ESG assessments, supplier audits and risk response strategies.
John Bosco (Hyeon Suk) Kim, CEO, Nexen Tire, said, “Receiving the Gold rating from EcoVadis for the second consecutive year is a significant affirmation of our global ESG efforts. We remain committed to responsible and transparent management practices that meet the expectations of our stakeholders worldwide.”
TÜV SÜD Appoints Ishan Palit As Interim CEO During Leadership Transition
- By TT News
- July 11, 2025
TÜV SÜD AG’s Supervisory Board has named Ishan Palit as Interim CEO (Chairman of the Board of Management) effective 15 July 2025, following Dr Johannes Bussmann’s departure to assume the CEO role at MTU Aero Engines AG. Bussmann will leave TÜV SÜD on 14 July 2025. Palit will co-lead the company with CFO Sabine Nitzsche until a permanent successor is appointed.
With over 30 years at TÜV SÜD, Palit has held key leadership roles, including establishing the company’s India operations, serving as Asia Pacific CEO and leading the global Product Service Division. Since 2017, he has been Chief Operating Officer, driving strategic and operational initiatives.
Nitzsche, who joined as CFO in March 2025, brings extensive financial and executive expertise from the high-tech and automotive sectors. Her prior roles include CFO of Vitesco Technologies AG and senior financial leadership positions at Infineon Technologies and GlobalFoundries.
Frank Hyldmar, Chairman of the Supervisory Board of TÜV SÜD AG, said, “We are very pleased that Ishan and Sabine will oversee the interim management of TÜV SÜD during this transition. Ishan is a seasoned TÜV SÜD senior executive with deep knowledge of our business and strong global leadership experience. Sabine brings a proven track record as CFO across multiple multinational enterprises. Together, they form a strong leadership team as we work towards appointing a long-term CEO.”
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