Hankook & Company Co., Ltd. Sustainability Profile
Hankook & Company Co., Ltd., headquartered in South Korea (KR), is a prominent player in the automotive industry, specialising in tyre manufacturing and related services. Founded in 1941, the company has evolved significantly, establishing a strong presence in major operational regions including North America, Europe, and Asia. Renowned for its innovative approach, Hankook offers a diverse range of products, including high-performance tyres for passenger cars, trucks, and buses. Their commitment to quality and cutting-edge technology sets them apart in a competitive market. With numerous accolades for excellence in design and performance, Hankook & Company has solidified its position as a leading tyre manufacturer, continually pushing the boundaries of automotive safety and efficiency.
DitchCarbon Score
How does Hankook & Company Co., Ltd.'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 Electrical Machinery 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 & Company Co., Ltd.'s score of 55 is higher than 72% 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 & Company Co., Ltd.'s reported carbon emissions
In 2024, Hankook & Company Co., Ltd. reported total greenhouse gas emissions of approximately 1,950,000 kg CO2e, comprising 762,172 kg CO2e from Scope 1, 1,178,314 kg CO2e from Scope 2, and 9,742 kg CO2e from Scope 3. This marks a significant reduction from previous years, where in 2023, the company emitted about 87,023,040 kg CO2e (13,014,590 kg CO2e from Scope 1 and 74,007,060 kg CO2e from Scope 2). Hankook has set ambitious climate commitments, aiming for a 40% reduction in absolute Scope 1 and 2 emissions by 2030, using 2023 as the baseline year. This target aligns with their long-term goal of achieving net-zero emissions across all scopes by 2050. Specifically, they aim to reduce Scope 1 and 2 emissions by 90% and Scope 3 emissions by 90% from a 2019 baseline by 2050. These targets are part of their commitment to the Science Based Targets initiative (SBTi), which confirms that their goals are consistent with limiting global warming to 1.5°C. The data and targets are cascaded from Hankook & Company Co., Ltd., ensuring a unified approach to sustainability across their operations.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 12,630,390 | 00,000,000 | 00,000,000 | 000,000 |
| Scope 2 | 69,190,900 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 0,000 |
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Hankook & Company Co., Ltd.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hankook & Company Co., Ltd. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
