Kumho Tire to Cut Greenhouse Gas Emissions by 42% by 2030

SBTi Approves Greenhouse Gas Reduction Targets
90% Emissions Cut Planned by 2045

Kumho Tire announced on August 14 that it has received approval from the Science Based Targets initiative (SBTi) for its short-term greenhouse gas reduction target for 2030 and its net-zero goal for 2045.

In accordance with SBTi standards, Kumho Tire has set a short-term goal to reduce direct emissions (Scope 1) and indirect emissions (Scope 2) by 42%, and other indirect emissions (Scope 3) by 25% by 2030 compared to 2022 levels. Additionally, the company aims to reduce greenhouse gas emissions across its entire value chain by 90% by 2045 and achieve carbon neutrality throughout its entire value chain.

In April, Kumho Tire established a Global Carbon and Energy Management Committee, chaired by the Head of Production Technology. The committee discusses global carbon regulations and trends, sets and manages carbon reduction targets and implementation performance for each global site, and reviews plans to expand the use of renewable energy.

Kumho Tire has installed solar power generation facilities at its seven global production plants, converting 11% of its electricity consumption to renewable energy. Notably, the Tianjin plant in China achieved a 50% renewable energy usage rate as of 2024, and the company is considering additional procurement methods such as direct power purchase agreements (PPA) and renewable energy certificates (REC).

Furthermore, five of its sites have completed certification for the 'ISO 50001 Energy Management System,' further advancing energy efficiency and establishing an integrated carbon reduction management system.

Kim Myungseon, Executive Vice President and Head of Production Technology at Kumho Tire, stated, "We are pursuing carbon neutrality across all stages, including product design, raw materials, production, transportation, usage, and disposal, with the goal of achieving carbon neutrality by 2045." He added, "In addition to reducing greenhouse gas emissions, we are also advancing the development of eco-friendly products and expanding the use of sustainable materials."

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