Apollo Tyres Wins Prestigious EcoVadis Award for Sustainability

Apollo Tyres has retained its Silver Award from EcoVadis for sustainability excellence for the third consecutive year. The company has seen an improvement in scores from 56 to 70 over the past three years.

This new award has helped Apollo tires become the one of the top companies in the category of manufacturing rubber tyres and tubes, as well as retreading and rebuilding rubber tyres, the company said.

EcoVadis is the world’s largest provider of business sustainability ratings, evaluating companies based on four key pillars: Environment, Labour and Human Rights, Ethics, and Sustainable Procurement. Companies that score in the top 1% (99+ percentile) receive platinum rankings, those in the top 5% (95+ percentile) receive gold, those in the top 15% (85+ percentile) receive silver, and those in the top 35% (65+ percentile) receive bronze.

In FY24, Apollo Tyres’ overall performance score improved significantly, reaching the 92nd percentile, up from the 82nd percentile the previous year. This marked improvement was largely driven by a 20-point increase in the Labour and Human Rights category and a 10-point increase in the Sustainable Procurement category. Despite the advancements in these areas, scores in the Environment and Ethics categories remained consistent with the previous year.

The rise in scores for Labour and Human Rights and Sustainable Procurement can be attributed to several key initiatives undertaken by Apollo Tyres. The company has made concerted efforts to enhance its suppliers’ Environmental, Social, and Governance (ESG) assessments, ensuring that its supply chain adheres to high sustainability standards.

The EcoVadis Award reinforces Apollo Tyres’ position as a leader in sustainability within the tyre manufacturing industry. This achievement demonstrates the company’s unwavering commitment to creating a more sustainable future and enhancing its reputation as a responsible business.

By winning this prestigious award, Apollo Tyres sets a benchmark for sustainability excellence, inspiring others to follow in its footsteps and strive for a more environmentally conscious and socially responsible future