Page 30 - Vaculug Sustainable Report 2022

“No doubt tyre manufacturing, including the retreading sector, is a carbon intensive industry. At the same time, with every tyre that is retreaded in place of a new tyre,
a significant amount of CO2 is not being produced or emitted into the atmosphere. Currently the impact of avoided emissions on the part of the industry is not being considered by industry regulators, and it’s one I believe the industry should be credited for going forward.”
Haarjeev Kandhari,
Vaculug Chairman
While avoided emissions are not yet factored into standard reporting frameworks or practices, the topic is beginning to gain traction. The CDP, a not-for-profit charity that runs the global disclosure system, announced in 2021 that it was considering factoring in avoided emissions (also referred to as Scope 4 emissions), into sustainability reporting standards in the future9.
And while the change would be welcomed by many organisations, some industry experts caution that a clearer set of guidelines will be needed to mitigate greenwashing and misleading claims.
Although we have made progress in our efforts to reduce our impact on the environment, to achieve our carbon net-zero target (Scopes 1 and 2) by
2030, we know we need to do more. By working in collaboration with our stakeholders, we are confident we are on track to achieve the goals we have set-out in our strategy.
In addition to the many environmental benefits that come with retreading, there are also economic benefits to customers and end-users. Simply
put, opting for retreaded tyres leads to significant savings, financially and in terms of carbon emissions.
econoMic benefits
Perhaps the most compelling reason for customers to reach for a retreaded tyre, in addition to the environmental benefits, is the financial benefit.
The cost of a retreaded tyre is 40% less than the cost of a new tyre.
Additionally, according to the British Tyre Manufacturing Association (BTMA), 85% of the used tyre is re-used in a retreaded tyre, significantly increasing resource productivity, and improving supply resilience10.
At a time when costs of living and inflation rates are rising in the UK and around the globe, these savings enable Vaculug to offer its customers exceptional value and savings over time.
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9Source: https://www.eco-business.com/news/explainer-avoided-emissions- and-how-not-to-overclaim-them/, accessed January 2023.
10Source: https://btmauk.com/tyres-and-the-environment/resource- efficiency/#1589453319635-7478031e-1ab4, accessed January 2023.