Hankook & Company Co., Ltd.
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 39 is higher than 64% 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 2023, Hankook & Company Co., Ltd. reported total greenhouse gas emissions of approximately 87,023,040 kg CO2e, comprising 13,014,590 kg CO2e from Scope 1 and 74,007,060 kg CO2e from Scope 2. This marks a slight increase from 2022, where total emissions were about 79,484,720 kg CO2e, with Scope 1 at 12,712,180 kg CO2e and Scope 2 at 66,772,530 kg CO2e. The company has set ambitious targets to reduce its emissions by 40% by 2030, using 2023 as the baseline year for both Scope 1 and Scope 2 emissions. Hankook's long-term commitment includes achieving net-zero greenhouse gas emissions across its value chain by 2050, with a significant reduction target of 90% for both Scope 1 and Scope 2 emissions from a 2019 baseline. Additionally, the company aims to reduce Scope 3 emissions by 90% by 2050, with a near-term target of 27.5% reduction by 2030. These targets align with the Science Based Targets initiative (SBTi) and reflect Hankook's commitment to sustainable practices within the tyre industry. The company is actively working towards these goals, demonstrating a proactive approach to climate change mitigation.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 12,630,390 | 00,000,000 | 00,000,000 |
| Scope 2 | 69,190,900 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
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 & Company Co., Ltd. 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.
