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Hankook & Company Co., Ltd.
Electrical Machinery ManufacturingSouth Korea
Last verified 1 month agohankookandcompany.com
Hankook & Company Co., Ltd., a prominent player in the electrical machinery and apparatus sector, is headquartered in South Korea (KR). Established in 1941, the company has evolved significantly, marking key milestones in innovation and market expansion. With a focus on manufacturing high-quality electrical components, Hankook & Company excels in producing circuit breakers, relays, and other essential apparatus that cater to diverse industrial needs.
The company operates extensively across Asia and beyond, solidifying its position as a leader in the electrical machinery industry. Renowned for its commitment to quality and technological advancement, Hankook & Company has garnered a reputation for reliability and performance. Its core products are distinguished by their durability and efficiency, making them indispensable in various applications. As a result, Hankook & Company continues to achieve notable success and recognition within the global market.
45
DitchCarbon score
+15 vs industry average
Hankook & Company Co., Ltd.’s score of 45 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
High
Electrical Machinery Manufacturing has above-average carbon intensity
Industry performance
0.315
20182025
The Electrical Machinery Manufacturing industry has reduced its overall emissions by 42% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Hankook & Company Co., Ltd.'s reported carbon emissions
Hankook & Company Co., Ltd. reported its 2025 carbon emissions at approximately 406.8 million kg CO2e. This figure comprises about 14.5 million kg CO2e from Scope 1 emissions, 79.4 million kg CO2e from Scope 2 emissions (market-based), and approximately 314.9 million kg CO2e from Scope 3 emissions. For Scope 3, key contributors included purchased goods and services at around 281.8 million kg CO2e, capital goods at approximately 15.8 million kg CO2e, and fuel and energy related activities at about 15.4 million kg CO2e.
Looking back, the company's Scope 1 and 2 emissions (market-based) were around 90.9 million kg CO2e in 2024, 83.7 million kg CO2e in 2023, 79.5 million kg CO2e in 2022, and 81.8 million kg CO2e in 2021. Hankook & Company Co., Ltd. did not disclose Scope 3 emissions for 2021, 2022, 2023, or 2024.
Hankook & Company Co., Ltd. has established several climate commitments. The company aims for a 40% reduction in greenhouse gas emissions (Scope 1 and 2 combined) by 2030, using 2023 as the baseline year, targeting 47,786 tonnes CO2e. They also have a target to reduce Scope 1 and Scope 2 greenhouse gas emissions intensity by 40% by 2030, compared to 2023 levels.
Additionally, Hankook & Company Co., Ltd., through its related entity Hankook Tire & Technology Co., Ltd., has Science Based Targets initiative (SBTi) approved targets. These include:
- Near-term targets: A 46.2% absolute reduction in Scope 1 and 2 GHG emissions by 2030 from a 2019 base year, and a 27.5% absolute reduction in Scope 3 GHG emissions within the same timeframe. These targets are classified as consistent with a 1.5°C warming scenario.
- Long-term targets (Net-Zero): A 90% absolute reduction in Scope 1 and 2 GHG emissions by 2050 from a 2019 base year, and a 90% absolute reduction in Scope 3 GHG emissions within the same timeframe. The company commits to reach net-zero greenhouse gas emissions across the value chain by 2050.
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Hankook & Company Co., Ltd.’s Climate Goals (2030 & 2050)
6 goals2050
90% reduction in Scope 2
Hankook Tire & Technology commits to reduce absolute scope 2 GHG emissions 90% by 2050 from a 2019 base year.
Behind target90%
2050
90% reduction in Scope 1
Hankook Tire & Technology commits to reduce absolute scope 1 GHG emissions 90% by 2050 from a 2019 base year.
Behind target90%
2030
46.2% reduction in Scope 1
Hankook Tire & Technology commits to reduce absolute scope 1 GHG emissions 46.2% by 2030 from a 2019 base year.
Behind target46.2%
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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
2030 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Hankook & Company Co., Ltd.1 month ago
45
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Frequently asked questions
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