Hankook Tire Publishes '2021·2022 ESG Report' Covering Sustainable Management

Sustainable Management Activities and Achievements, Including Mid- to Long-Term Strategies

[Asia Economy Reporter Kiho Sung] Hankook Tire & Technology (Hankook Tire) announced on the 9th that it has published the '2021·2022 ESG (Environment, Social, Governance) Report,' which contains its sustainable management activities, achievements, and mid-to-long-term strategies from last year.

Starting in 2010 and now in its 13th edition, this report presents activity results according to the newly established ESG vision system from last year, focusing on three priority areas: ▲environmentally friendly circular structure ▲sustainable products ▲responsible participation. In particular, it highlights the 'Carbon Neutral Roadmap' in detail in the highlight section, reflecting the company's strong commitment to actively participate in solving the climate crisis, a recent global common issue. Additionally, reporting according to the Task Force on Climate-related Financial Disclosures (TCFD) recommendations has been strengthened compared to the previous year.

Hankook Tire is carrying out various activities to realize sustainable management. In May, it held a board meeting to express its commitment to transparent and sound ESG management and announced the 'Corporate Governance Charter,' which forms the foundation of sustainable management. In July last year, the company also established an ESG Committee to strengthen the responsibilities and roles of the board. Under the board, five committees operate, including the ESG Committee, Audit Committee, Outside Director Candidate Recommendation Committee, Sustainable Management Committee, and Internal Transactions Committee.

Especially, the company has taken the lead in realizing social value by conducting sharing activities reflecting the business characteristic of 'mobility.' The representative social contribution activity, the 'Vehicle Sharing' project, supports vehicles to social welfare institutions nationwide that face difficulties in mobility, delivering vehicles to the final selected institutions through an annual public contest. Since its inception in 2008, approximately 630 vehicles have been provided to social welfare institutions nationwide over 14 years until last year.

Through these activities, Hankook Tire was first included in the Korea Dow Jones Sustainability Index (DJSI), the world's most prestigious sustainability evaluation index, in 2011. Subsequently, from 2016 to last year, it was included in the top class 'DJSI World' for six consecutive years. Notably, last year, it achieved the highest score in the automotive parts industry group, ranking as the global number one company.

Meanwhile, this ESG report was created in an online publishing format to facilitate stakeholder accessibility, allowing easy subscription anytime and anywhere via PC and smartphones. The previously issued hard copies were boldly discontinued to consider the environment, achieving zero paper usage.

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