Hankook Tire

Hankook Tire, headquartered in South Korea and operating within the motor vehicles, trailers and semi-trailers industry, is committed to significant carbon emission reductions. For the reporting year 2024, Hankook Tire reported approximately 30.6 billion kg CO2e in total emissions.

Emissions Breakdown (2024):

• Scope 1: Approximately 243.6 million kg CO2e
• Scope 2: Approximately 865.6 million kg CO2e
• Scope 3: Approximately 29.6 billion kg CO2e

Emissions Trends:

• 2023: Total emissions were approximately 30.5 billion kg CO2e.
• 2022: Total emissions were approximately 30.3 billion kg CO2e.
• 2021: Total emissions were approximately 31.9 billion kg CO2e.
• 2020: Scope 1 and 2 emissions totalled approximately 1.17 billion kg CO2e. Scope 3 data was not disclosed for this year.
• 2019: Total emissions were approximately 29.6 billion kg CO2e.

Climate Commitments and Reduction Targets:

Hankook Tire has established ambitious climate goals, aligning with the Science Based Targets initiative (SBTi). The company aims to achieve net zero emissions by 2050.

Key near-term targets include:

• A reduction of 46.2% in Scope 1 and 2 emissions by 2030, relative to a 2019 baseline.
• A reduction of 27.5% in Scope 3 emissions by 2030, also from the 2019 baseline.

These targets are part of a broader long-term commitment to achieve net zero emissions by 2050. The company is also working towards using 100% sustainable materials and a 50% reduction in greenhouse gas emissions by 2050 compared to 2018 levels.