Kumho Tire announced on July 2 that it has published the "2025 Sustainability Management Report," which details its ESG (Environmental, Social, and Governance) management achievements and strategies.
In this report, Kumho Tire conducted a double materiality assessment based on the ESRS (European Sustainability Reporting Standards) double materiality guidelines, taking into account both social and environmental as well as financial impacts. Based on the assessment results, the company identified eight key material issues and established corresponding ESG management strategies and performance indicators. Through these measures, Kumho Tire outlined its plan to actively internalize ESG by implementing and executing relevant activities.
In particular, the ESG Spotlight section of this report highlights the acceleration of renewable energy transition for 2045 carbon neutrality, the establishment and contribution to a circular economy, and achievements in responsible supply chain management.
Key environmental (E) achievements include the installation of solar power facilities at seven sites, the attainment of RE11, the achievement of RE50 at the Tianjin site, and the acquisition of ISO 50001 (Energy Management System) certification, demonstrating efforts to expand renewable energy and reduce carbon emissions.
In the social (S) sector, Kumho Tire strengthened its safety and human rights management systems by establishing a Safety Advisory Committee, forming an Information Security Committee, setting a 2030 female leadership target, conducting its first human rights impact assessment at overseas sites, and establishing safety management (LTIFR, Lost Time Injury Frequency Rate) targets. In the governance (G) sector, the company reported achievements such as conducting board evaluations, holding general meetings of shareholders outside of concentrated dates, and revising its ESG policy manual.
Jung Iltaek, CEO of Kumho Tire, stated, "We deeply recognize the importance of ESG management for the survival and sustainable growth of our company. We will continue to practice ESG management that meets global standards and grow into a trusted company."
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