Kumho Tire

Kumho Tire, a South Korean-headquartered company in the motor vehicles, trailers, and semi-trailers industry, reported its 2023 greenhouse gas emissions. The company's Scope 1 emissions were about 153.8 million kg CO2e, while its Scope 2 emissions were approximately 396.2 million kg CO2e. Scope 3 emissions in 2023 were about 7.94 billion kg CO2e. Key contributors to Scope 3 included use of sold products (about 5.73 billion kg CO2e) and purchased goods and services (about 1.48 billion kg CO2e).

Kumho Tire has established several climate commitments and reduction targets. The company has near-term Science Based Targets initiative (SBTi) approved targets to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030 from a 2022 base year. Additionally, they aim to reduce absolute Scope 3 GHG emissions by 25% within the same timeframe. For the long term, Kumho Tire is committed to reaching net-zero greenhouse gas emissions across its entire value chain by 2045. This includes a 90% reduction in absolute Scope 1, 2, and 3 GHG emissions by 2045, also from a 2022 base year.

Further commitments include a target to reduce Scope 1 and 2 emissions below allocated emission permits by 2025. The company also plans to install solar power facilities and expand the introduction of reduction facilities like steam turbine generators to achieve its Scope 1 and 2 emission reduction goals by 2045.