Hankook Tire
Hankook Tire & Technology Co., Ltd., commonly known as Hankook Tire, is a leading global tyre manufacturer headquartered in South Korea (KR). Established in 1941, the company has grown to become a prominent player in the automotive industry, with significant operations across Asia, Europe, and North America. Hankook Tire is renowned for its innovative approach to tyre design and technology, offering a diverse range of products including passenger car tyres, truck and bus tyres, and high-performance tyres. The brand's commitment to quality and performance has earned it a strong market position, with notable achievements such as being the seventh-largest tyre manufacturer in the world. With a focus on sustainability and cutting-edge research, Hankook Tire continues to set industry standards, making it a preferred choice for drivers seeking reliability and excellence on the road.
DitchCarbon Score
How does Hankook Tire's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Motor Vehicle Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hankook Tire's score of 51 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hankook Tire's reported carbon emissions
In 2024, Hankook Tire reported total carbon emissions of approximately 29,569,918,000 kg CO2e across all scopes, with specific emissions of 243,616,000 kg CO2e for Scope 1 and 865,598,000 kg CO2e for Scope 2. The company has set ambitious targets to reduce its emissions by 46.2% for Scope 1 and 2, and by 27.5% for Scope 3 by 2030, using 2019 as the baseline year. This commitment aligns with their goal to achieve net zero emissions by 2050. In 2023, Hankook's emissions were approximately 1,110,599,000 kg CO2e for Scope 1 and 2 combined, with no Scope 3 data disclosed. The previous year's figures (2022) showed similar trends, with Scope 1 emissions at about 248,404,000 kg CO2e and Scope 2 at approximately 904,461,000 kg CO2e. Hankook Tire's climate commitments are supported by their adherence to the Science Based Targets initiative (SBTi), which reinforces their reduction goals. The company aims to utilise 100% sustainable materials and achieve a 50% reduction in greenhouse gas emissions by 2050 compared to 2018 levels. These initiatives reflect Hankook's proactive approach to addressing climate change and reducing its environmental impact.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 267,940,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 961,978,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hankook Tire is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
