Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Goodyear Tire & Rubber Company (The)    GT

GOODYEAR TIRE & RUBBER COMPANY (THE) (GT)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

Goodyear Tire & Rubber : Strengthens Commitment to Sustainable Natural Rubber; New natural rubber procurement policy clearly articulates company's commitment to responsible sourcing

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/24/2018 | 04:46pm CEST

AKRON, Ohio - The Goodyear Tire & Rubber Company today announced a new natural rubber procurement policy that reflects its strong commitment to the responsible sourcing of raw materials. The company believes the implementation and adherence to this policy will help address deforestation, land grabbing, and human rights in the areas of the world where natural rubber is produced.

'We know our actions can make a difference in protecting the rights of people throughout the supply chain, including the smallholders who grow natural rubber on their own land,' said Maureen Thune, VP and chief procurement officer. 'Our new policy also helps to protect the environment by promoting environmentally and socially responsible land use.'

Building upon the company's Business Conduct Manual and Supplier Code of Conduct, the policy, which can be reviewed here, introduces seven principles that will guide the development of a long-term, sustainable supply chain:

1. Human Rights - Goodyear will work to ensure its natural rubber supply chain protects the rights of all involved, fostering a positive working environment at all levels of the supply chain.

2. Responsible Land Acquisition and Use - Goodyear will work to promote an environmentally and socially responsible natural rubber supply chain, free from deforestation and land grabbing.

3. Traceability - Goodyear will work toward and promote practices that lead to the ability to trace natural rubber through the entire supply chain.

4. Natural Rubber Processing - Goodyear expects its suppliers who process natural rubber for its usage to manufacture their product in a responsible and environmentally friendly manner.

5. Natural Rubber Growing and Harvesting Process - Goodyear encourages its suppliers to utilize best-known cultivation practices for existing planted and replanted natural rubber trees.

6. Smallholder Outreach, Engagement and Community Development - Goodyear will work to increase yields and improve the livelihoods of existing smallholders, encouraging all its direct suppliers and relevant members of their supply chain to support their communities.

7. Policy Implementation and Compliance - Goodyear is committed to the corruption-free and transparent implementation of this policy and its principles.

Beyond this new policy, Goodyear is also working collaboratively to improve sustainability across the entire natural rubber supply chain. Goodyear is a member of the Tire Industry Project (TIP), a CEO-led initiative made up of the world's 11 major tire companies, which is actively working with key stakeholders, including automakers, rubber producers and civil society, to develop an industry platform for natural rubber sustainability.

'The multi-stakeholder collaboration is exciting, and we believe it is the key to the development of a unified industry platform,' said Thune. 'Together, we are exploring best practices for responsible sourcing and identifying appropriate governance structures for the platform, all with the goal of making sustainable natural rubber a reality.'

Goodyear's natural rubber procurement policy is effective immediately and covers the entire supply chain, including smallholders, industrial plantations, intermediate dealers/consolidators, processors, trading companies, and Goodyear itself. The policy may be updated or changed.

Goodyear is one of the world's largest tire companies. It employs about 64,000 people and manufactures its products in 48 facilities in 22 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.

(C) 2018 Electronic News Publishing, source ENP Newswire

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GOODYEAR TIRE & RUBBER COM
04:46pGOODYEAR TIRE & RUBBER : Strengthens Commitment to Sustainable Natural Rubber; N..
AQ
04/23GOODYEAR TIRE & RUBBER : Strengthens Commitment to Sustainable Natural Rubber
PR
04/22BRIDGESTONE : Goodyear, Bridgestone Join Forces to Form U.S. National Tire Distr..
AQ
04/21GOODYEAR TIRE & RUBBER : workers help the elderly
AQ
04/21GOODYEAR TIRE & RUBBER : Former staff donate crafts to centre
AQ
04/21GOODYEAR TIRE & RUBBER : California's cost of living pushes people to Arizona
AQ
04/21WPP : Martin Sorrell’s departure from WPP a whimper, not a bang
AQ
04/19GOODYEAR TIRE & RUBBER : California's cost of living pushes people to move to Ar..
AQ
04/18GOODYEAR TIRE & RUBBER : Performance & Sustainability Win in Goodyear Tires Made..
AQ
04/18GOODYEAR TIRE & RUBBER : Bridgestone join forces to form u.s. national tire dist..
AQ
More news
News from SeekingAlpha
04/21STOCKS TO WATCH : Earnings Blockbusters And Trump Talks Drug Prices 
04/17Goodyear and Bridgestone form national tire distributor JV 
04/10Goodyear Tire & Rubber declares $0.14 dividend 
04/07Zuckerberg On Safari To Washington 
04/05NHTSA asks Goodyear for information on RV tire issue 
Financials ($)
Sales 2018 15 935 M
EBIT 2018 1 600 M
Net income 2018 839 M
Debt 2018 4 474 M
Yield 2018 1,93%
P/E ratio 2018 7,99
P/E ratio 2019 6,12
EV / Sales 2018 0,69x
EV / Sales 2019 0,65x
Capitalization 6 495 M
Chart GOODYEAR TIRE & RUBBER COM
Duration : Period :
Goodyear Tire & Rubber Com Technical Analysis Chart | GT | US3825501014 | 4-Traders
Technical analysis trends GOODYEAR TIRE & RUBBER COM
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 34,8 $
Spread / Average Target 29%
EPS Revisions
Managers
NameTitle
Richard J. Kramer Chairman, President & Chief Executive Officer
Laura K. Thompson Chief Financial Officer & Executive Vice President
Sherry Neubert Chief Information Officer & Vice President
Christopher Helsel Chief Technology Officer & Vice President
Thomas H. Weidemeyer Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
GOODYEAR TIRE & RUBBER COMPANY (THE)-16.40%6 495
BRIDGESTONE CORP-14.23%32 001
MICHELIN-1.05%25 717
NOKIAN RENKAAT OYJ-11.14%5 615
SUMITOMO RUBBER INDUSTRIES LTD-6.87%4 693
YOKOHAMA RUBBER CO LTD-8.39%3 935