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 36 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hankook Tire's reported carbon emissions
In 2023, Hankook Tire reported total carbon emissions of approximately 29,418,944,000 kg CO2e, with emissions distributed across Scope 1 (247,224,000 kg CO2e), Scope 2 (854,375,000 kg CO2e), and Scope 3 (the majority at 29,418,944,000 kg CO2e). This reflects the company's ongoing commitment to transparency in its carbon footprint. Over the years, Hankook Tire has shown fluctuations in its emissions, with total emissions recorded at approximately 1,139,138,000 kg CO2e in 2015, increasing to about 1,289,000,000 kg CO2e in 2018, before reaching the current levels. The company has disclosed emissions data for Scope 1 and Scope 2, but has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other formal climate pledges. Hankook Tire's emissions intensity varies by facility, with the Daejeon Plant reporting emissions of about 51,500 kg CO2e per tonne of finished product. The company continues to focus on improving its sustainability practices, although specific reduction initiatives or targets have not been outlined in the available data. Overall, Hankook Tire's emissions data highlights the significant scale of its operations and the importance of ongoing efforts to manage and reduce its carbon footprint in alignment with global climate goals.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 250,853,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 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 |
| Scope 3 | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 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 not committed to any reduction initiatives 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.
