Kumho Tire

Kumho Tire, a South Korean company in the Motor vehicles, trailers and semi-trailers industry, reported total Scope 1, 2, and 3 emissions of approximately 8.49 billion kg CO2e in 2023. This included about 153.8 million kg CO2e from Scope 1, 396.2 million kg CO2e from Scope 2, and 7.94 billion kg CO2e from Scope 3 emissions. In the prior year, 2022, their total emissions were approximately 7.51 billion kg CO2e, with Scope 1 at about 150.1 million kg CO2e, Scope 2 at approximately 378.2 million kg CO2e, and Scope 3 at about 6.98 billion kg CO2e.

Kumho Tire has established several climate commitments. The company is committed to achieving net-zero greenhouse gas emissions across its value chain by 2045. As part of its near-term Science Based Targets initiative (SBTi) goals, Kumho Tire aims to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030 from a 2022 base year, and absolute Scope 3 GHG emissions by 25% within the same timeframe. Long-term SBTi targets include reducing absolute Scope 1, 2, and 3 GHG emissions by 90% by 2045 from a 2022 base year.

Additionally, Kumho Tire has internal targets to reduce Scope 1 and 2 emissions below allocated emission permits by 2025, representing a 4.67% reduction from a 2018 base year. They also aim for a 23.6% reduction in Scope 1 emissions by 2030 and a 67.9% reduction by 2040, both from a 2021 base year. To achieve these reductions, the company plans to install solar power facilities and expand the introduction of reduction facilities such as steam turbine generators.