Hankook Tire Sustainability Profile
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 69 is higher than 82% 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 30,000,000,000 kg CO2e across all scopes. This includes about 243,616,000 kg CO2e from Scope 1, 865,598,000 kg CO2e from Scope 2, and a significant 29,569,918,000 kg CO2e from Scope 3 emissions. The combined emissions from Scope 1 and 2 totalled around 1,109,213,000 kg CO2e. Hankook Tire has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by 46.2% and Scope 3 emissions by 27.5% by 2030, using 2019 as a baseline. The company is also committed to achieving net zero emissions by 2050. These targets align with the Science Based Targets initiative (SBTi) and reflect a comprehensive approach to sustainability. In 2023, the company reported similar emissions figures, with Scope 1 emissions at approximately 247,224,000 kg CO2e, Scope 2 at about 854,375,000 kg CO2e, and Scope 3 emissions at around 29,418,944,000 kg CO2e. The total emissions from Scope 1 and 2 combined were about 1,101,599,000 kg CO2e. Hankook Tire's commitment to sustainability is further underscored by its goal to utilise 100% sustainable materials and achieve a 50% reduction in greenhouse gas emissions by 2050 compared to 2018 levels. This comprehensive strategy positions Hankook Tire as a proactive player in the global effort to combat climate change.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 250,853,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 888,285,000 | 000,000,000 | 000,000,000 | 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 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Hankook Tire's Industry?
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Hankook Tire's Scope 3 Categories Breakdown
Hankook Tire's Scope 3 emissions, which increased by 1% last year and decreased by approximately 8% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 87% of Scope 3 emissions.
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Hankook Tire'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 Tire 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.
