'Carbon Reduction Across the Supply Chain'—Hankook Tire Earns CDP Climate Change Response 'A Rating' for Second Consecutive Year

‘Carbon Reduction Across the Supply Chain’—Hankook Tire Earns CDP Climate Change Response ‘A Rating’ for Second Consecutive Year [Photo Courtesy of Hankook Tire & Technology]

Hankook Tire & Technology announced on the 24th that it has received the highest ‘A’ rating in the climate change response category from the Carbon Disclosure Project (CDP), a global sustainability assessment organization, for the second consecutive year.

The CDP is a leading ESG indicator that evaluates and discloses the climate change response levels of major companies worldwide. In this year’s assessment, Hankook Tire & Technology achieved outstanding results across all categories, including climate governance, greenhouse gas reduction targets and achievements, and transparency in information disclosure.

Notably, the company’s efforts to reduce its carbon footprint throughout the entire supply chain—from raw material sourcing to production, transportation, use, disposal, and reuse—were highly praised. Its consistent implementation of a mid- to long-term carbon management strategy aimed at achieving net zero by 2050 also played a key role. In 2023, Hankook Tire & Technology received approval from the Science Based Targets initiative (SBTi) for its short-term reduction targets for 2030 and its net zero goal for 2050.

The enhancement of the governance system, centered on the Climate Change Committee within the board of directors, was also reflected in the evaluation. The company manages climate risks as a core element of long-term corporate value by monitoring greenhouse gas reduction implementation based on product life cycle assessments (LCA) and disclosing information externally. Achievements in transitioning to sustainable raw materials are also notable. The company’s plants in Geumsan, Hungary, and Daejeon have obtained ISCC PLUS, a global certification for eco-friendly materials.

This article has been translated by GripLabs Mingo AI.