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OrganisationsHankook Tire
Hankook Tire logo

Hankook Tire

Motor Vehicle ManufacturingSouth KoreaKSC: 161390.KS
Last verified 6 months agohankooktire.com

Hankook Tire, officially known as Hankook Tire & Technology Co., Ltd., is a leading player in the motor vehicles, trailers, and semi-trailers industry, headquartered in South Korea (KR). Founded in 1941, the company has established itself as a prominent manufacturer of high-quality tyres, catering to a diverse range of vehicles, including passenger cars, trucks, and buses.

With a strong presence in major operational regions such as North America, Europe, and Asia, Hankook Tire is renowned for its innovative products that combine performance, safety, and sustainability. The company’s commitment to research and development has led to significant milestones, including advancements in eco-friendly tyre technology. Recognised for its exceptional quality, Hankook holds a competitive market position, consistently earning accolades for its cutting-edge designs and reliable performance in various driving conditions.

52
DitchCarbon score

+20 vs industry average

Hankook Tire’s score of 52 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

High

Motor Vehicle Manufacturing has above-average carbon intensity

Industry performance

0.388
20182025

The Motor Vehicle Manufacturing industry has reduced its overall emissions by 35% since 2018

Emissions trajectory 2020 – 2027

00.0B00.0B00.0B0.0B0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Hankook Tire's reported carbon emissions

Hankook Tire, headquartered in South Korea (KR) and operating within the motor vehicles, trailers and semi-trailers industry (34), has established ambitious climate commitments alongside its reported carbon emissions.

For the 2024 reporting year, Hankook Tire reported total global emissions of approximately 31.5 billion kg CO2e. This figure comprises Scope 1 emissions of about 243,616,000 kg CO2e, Scope 2 emissions of approximately 865,598,000 kg CO2e, and Scope 3 emissions totalling around 29,569,918,000 kg CO2e.

In 2023, the company's total global emissions were approximately 31.1 billion kg CO2e, with Scope 1 at about 247,224,000 kg CO2e, Scope 2 at roughly 854,375,000 kg CO2e, and Scope 3 at approximately 29,418,944,000 kg CO2e.

Looking back to 2022, total global emissions stood at approximately 30.3 billion kg CO2e, consisting of Scope 1 emissions of about 248,404,000 kg CO2e, Scope 2 emissions of approximately 904,461,000 kg CO2e, and Scope 3 emissions totalling around 29,104,680,000 kg CO2e.

Hankook Tire is committed to achieving net-zero emissions by 2050. To support this long-term goal, the company has set near-term targets, aligned with the Science Based Targets initiative (SBTi). By 2030, from a 2019 baseline, Hankook Tire aims to reduce its Scope 1 and 2 emissions by 46.2% and its Scope 3 emissions by 27.5%. Another stated goal is a 50% reduction in greenhouse gas emissions by 2050 compared to 2018 levels. The company is also working towards the use of 100% sustainable materials.

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Hankook Tire’s Climate Goals (2030 & 2050)

5 goals

2050

50% reduction in Scope 2

The company's particularly ambitious goals include the use of 100% sustainable materials and a 50% reduction in greenhouse gas emissions by…

On track50%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

9 of 15 categories disclosed
Use of Sold Products87%
Purchased Goods & Services9%
Upstream Transportation & Distribution2%
Fuel & Energy Activities1%
Capital Goods1%
Investments0%
Downstream Transportation & Distribution0%
Waste Generated in Operations0%
Use of Sold Products87%
Purchased Goods & Services9%
Upstream Transportation & Distribution2%
Fuel & Energy Activities1%
Capital Goods1%
Investments0%
Downstream Transportation & Distribution0%
Waste Generated in Operations0%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

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Not active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

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Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Hankook Tire logoHankook Tire
KRMotor Vehicle Manufacturing
6 months ago
52
Nokian Tyres logoNokian Tyres
FIFurniture Manufacturing
20 hours ago
93
View
Continental logoContinental
DEMotor Vehicle Retail Services
6 days ago
92
View
Pirelli logoPirelli
ITRubber and Plastic Products
6 days ago
81
View
Apollo Tyres logoApollo Tyres
INMotor Vehicle Manufacturing
8 days ago
57
View
Cheng Shin Rubber USA Inc. logoCheng Shin Rubber USA Inc.
USMotor Vehicle Manufacturing
8 days ago
21
View
Yokohama Rubber logoYokohama Rubber
JPRubber and Plastic Products
8 days ago
20
View

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Ditchcarbonv260716.3
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