Hankook Tire Selected for CDP Climate Change Response 'Leadership Rating'

The Only Domestic Tire Company

Hankook Tire & Technology Headquarters (Photo by Hankook Tire & Technology)

[Asia Economy Reporter Kim Ji-hee] Hankook Tire & Technology announced on the 17th that it was selected for the Leadership level in the 2020 Carbon Management Climate Change Response category conducted by the Carbon Disclosure Project (CDP).

The Leadership level is awarded to a select few companies with excellent climate change response activities, related risk management, and information disclosure. CDP is known as a reliable indicator that evaluates the level of climate change response, a part of sustainable management, along with indices such as the Dow Jones Sustainability Index.

The recent CDP Climate Change Response project evaluated the top 500 global companies by market capitalization and the top 200 domestic companies. Hankook Tire was selected for the Leadership level with an A- grade, which was awarded to only 24 domestic companies. It was the only domestic tire company included in this grade.

Hankook Tire has set CSR goals such as achieving 100% sustainable raw material usage by 2050 and reducing greenhouse gas emissions by 50% compared to 2018. The company also participates in various initiatives for corporate sustainability, including the UNGC (United Nations Global Compact), and promotes eco-friendly policies such as sustainable natural rubber policies.

In particular, the company continues eco-friendly research and development efforts to minimize tire rolling resistance during vehicle operation, improving fuel efficiency and reducing greenhouse gas emissions, not only in the tire manufacturing process. It also leads activities such as converting the amount of greenhouse gas reduction per unit into monetary value and reflecting it in the investment process.

Meanwhile, CDP is a global project that evaluates management information related to environmental issues in the fields of 'climate change,' 'water resources,' and 'forest resources' for major listed companies worldwide. The collected information is published annually in reports and used as investment guidelines by financial institutions around the world.

This content was produced with the assistance of AI translation services.