Hankook Tire Receives 'Gold Class' from S&P Global, Recognized for Sustainable Management

[Asia Economy Reporter Yoo Hyun-seok] Hankook Tire & Technology (hereinafter Hankook Tire) announced on the 11th that it was selected as the highest grade, "Gold Class," in the "Industry Awards 2022" of the "2022 Sustainability Yearbook" published by S&P Global.

The Sustainability Yearbook is published based on the results of the Dow Jones Sustainability Index, the world's most prestigious sustainability evaluation index conducted annually by S&P. This year's report covered 7,554 companies across 61 industries worldwide. Only 75 companies were selected for the "Gold Class" rating. Among domestic companies, 7 were included.

Hankook Tire scored 78 out of 100 in the automotive parts industry group. It took the top spot in the Gold Class, the highest grade awarded only to companies within the top 1% of scores in each field. Among the automotive parts industry group, only Hankook Tire and Pirelli were included in the Gold Class.

A Hankook Tire official said, "We continuously share our vision for sustainability with employees through eight specialized internal committees and continuously improve our ESG level," adding, "Each committee sets challenging goals and collaborates with various stakeholders to carry out diverse activities so that the company's positive impact can widely spread throughout society."

In 2018, to secure the economic, social, and environmental sustainability of the natural rubber value chain, the company implemented sustainable natural rubber policies and the E-Circle declaration, further strengthening ESG (Environmental, Social, and Governance) management. Last year, various efforts were made to strengthen ESG management, including the establishment of an ESG committee within the board of directors. In addition, the natural rubber policy was revised according to the guidelines of GPSNR (Global Platform for Sustainable Natural Rubber), striving to build a strengthened value supply chain. The company also led social value realization by conducting sharing activities reflecting "mobility," such as the "Vehicle Sharing" and "Tire Sharing" projects, which support vehicles and tires to social welfare institutions nationwide.

The company plans to continue managing various activities such as financial performance, social contribution activities, and environmental management through a systematic system to maintain the world's top-level sustainability management capabilities as a global leading tire company driving future growth.

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