Advancing the Roadmap and Governance System for Carbon Emission Reduction
Hankook Tire & Technology announced on December 24 that it has received the highest grade, Grade A, in the "Climate Change Response" category from the Carbon Disclosure Project (CDP), an international sustainability assessment organization, for the second consecutive year.
Hankook Tire was highly evaluated for its systematic and advanced efforts to reduce greenhouse gas emissions throughout its entire supply chain, from raw material procurement-including the tire manufacturing process-to production, transportation, use, disposal, and reuse.
The company has been steadily implementing its mid- to long-term carbon management strategy aimed at achieving 'Net Zero by 2050.' In 2023, it obtained approval from the Science Based Targets initiative (SBTi) for its short-term greenhouse gas reduction target for 2030 and its Net Zero goal for 2050.
Additionally, Hankook Tire is enhancing its climate change response governance system, centering on the Climate Change Committee within its board of directors. The company is making various efforts, including setting initiatives and establishing targets, reflecting these in management decision-making, monitoring the implementation status of greenhouse gas reduction based on product life cycle assessment (LCA), and disclosing information externally. Climate change response is being rigorously managed as a key factor for enhancing long-term corporate value.
Hankook Tire is also expanding its sustainable raw material-based product manufacturing system across its global production bases. The company established a sustainable product manufacturing system that covers original equipment, replacement, and motorsports segments by obtaining the global eco-friendly material certification 'ISCC PLUS' for its Geumsan plant in 2021-the first in the tire industry-followed by the Hungary plant in 2023, and the Daejeon plant this year.
The company is accelerating the adoption of next-generation low-carbon materials. This year, it has been pursuing technological cooperation with Rotoboost and Solvay to develop alternative raw materials such as "turquoise hydrogen carbon black" and "circular silica," respectively. Hankook Tire is also actively participating in government-led national projects and domestic consortiums to verify carbon emission reduction technologies and expand the commercial viability of alternative raw materials.
A Hankook Tire representative stated, "By receiving the highest grade for two consecutive years, we have proven our global top-tier ESG (Environmental, Social, and Governance) capabilities," adding, "We will achieve healthy and sustainable growth by sharing the love we have received from customers through the development of environmentally conscious technologies."
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