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Motor Vehicle Manufacturing
KR
updated 13 days ago

Hankook Tire

Company website

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.

69

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.

25

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.

82%

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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 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 about 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 the baseline year. 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 long-term strategy to mitigate climate impact. In 2023, the company reported similar emissions figures, with Scope 1 emissions at 247,224,000 kg CO2e, Scope 2 at 854,375,000 kg CO2e, and Scope 3 at approximately 29,418,944,000 kg CO2e. This indicates a consistent approach to tracking and managing emissions over the years. Hankook Tire's commitment to sustainability includes the use of 100% sustainable materials and a 50% reduction in greenhouse gas emissions by 2050 compared to 2018 levels. These initiatives demonstrate the company's proactive stance in addressing climate change and its dedication to environmental stewardship.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2015201620172018201920202021202220232024
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

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Hankook Tire's primary industry is Motor vehicles, trailers and semi-trailers (34), which is medium in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Hankook Tire is in KR, which we do not have grid emissions data for.

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 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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