Goodyear Earns CDP Supplier Engagement "A" Score
Rhea-AI Summary
Goodyear (NASDAQ: GT) announced it has earned an “A” score in CDP’s Supplier Engagement Assessment, recognizing leadership-level performance in engaging suppliers on climate issues such as governance, emissions targets and Scope 3 management. The company highlights this as part of its strategy toward 2030 science-based climate targets and a 2050 net-zero goal, supported by a supplier program launched in 2023 focused on raw material suppliers and product-level GHG data sharing.
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Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 16 | Earnings scheduling | Neutral | +2.7% | Announced the release date for second-quarter 2026 financial results. |
| Jun 30 | Index reclassification | Neutral | -2.1% | Announced GT would move from the S&P MidCap 400 to SmallCap 600. |
| Jun 04 | Brand promotion | Neutral | -2.4% | Hosted a music-festival-style celebration for the Goodyear Blimp's 101st birthday. |
| Jun 03 | Lunar tire contract | Positive | -1.7% | Agreed to supply advanced lunar tires for Lunar Outpost's Pegasus vehicle. |
| Jun 01 | Senior notes offering | Negative | -1.0% | Priced $1.05 billion of senior unsecured notes due 2032. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
The listed history was mixed but skewed negative, with the strongest positive reaction tied to an earnings-date announcement and several general-news items declining.
Key Terms
scope 3 emissions technical
science-based targets technical
ghg emissions technical
net-zero technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
This recognition reflects the company's efforts to engage suppliers on climate-related issues across its value chain.
CDP is a global environmental disclosure organization whose Supplier Engagement Assessment evaluates how companies engage suppliers on climate-related issues, including governance, emissions targets, Scope 3 emissions management and supplier collaboration. An "A" score reflects leadership-level performance within CDP's scoring framework, which is designed to help companies assess and improve their environmental practices over time.
Supplier engagement is an important part of Goodyear's sustainability strategy as the company works to address emissions across its value chain and support the broader transition to a net-zero economy. Goodyear has set near-term science-based climate targets for 2030 and a long-term net-zero target for 2050.
In 2023, the company launched its supplier engagement program with its raw material suppliers, asking them to set science-based targets, pursue renewable electricity and energy goals, engage their own supply base on climate targets, publicly report progress and share product-level GHG emissions footprint data with Goodyear.
Goodyear's supplier engagement work also includes emissions impact analysis by material group and supplier, supplier-specific roadmaps and supplier assessments. Together, these efforts help Goodyear better understand supplier sustainability practices, identify opportunities for improvement and collaborate with suppliers on shared climate and sustainability goals across the value chain.
To learn more about Goodyear's sustainability journey, go to goodyear.com/responsibility.
About The Goodyear Tire & Rubber Company
Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 48 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.
CONTACT:
KELLY MCGLUMPHY
KELLY_MCGLUMPHY@GOODYEAR.COM
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SOURCE The Goodyear Tire & Rubber Company