Giti Tire Raises S$150 Million via Sustainability Notes to Back Green Goals
Giti Tire has issued S$150 million of five-year sustainability notes aimed at financing its sustainability programme and aligning its tyre business with environmental, social, and governance objectives. The issuance sits within Giti’s broader Sustainable Finance Framework and signals the company’s step-up in linking financial strategy with green and social impact targets.
The proceeds from the sustainability notes will be channelled into areas such as renewable energy deployment, facility upgrades, sustainable material sourcing, and recycled-content tyre production. Giti has already committed to ambitious targets, including net-zero Scope 1 and 2 emissions by 2050, 30 % recycled or renewable materials in tyres by 2030, and establishing net-zero manufacturing lines in key plants. giti.com
By marrying capital markets with sustainability outcomes, Giti is positioning itself not just as a tyre maker but as a mobility-ecosystem participant responsible for the upstream and downstream carbon footprint of its products. For the tyre industry, where raw-material sourcing, energy-intensive manufacturing, and long life-cycles dominate cost and sustainability calculus, such initiatives reflect a shift in how the business will be financed and evaluated.
Editor’s View
For tyre manufacturers and industry suppliers, Giti’s move into sustainability-linked financing is not just a corporate statement, it is a blueprint for how the sector must evolve. It signals that rubber, tread design, and load rating are no longer the only metrics of competitiveness. Financing structures, circular-economy credentials, and supply-chain transparency will increasingly shape tyre-market dynamics. Players in India and Asia should take note: aligning product innovation with green-finance credibility might just become as vital as compound formulation.
