Kumho Tire Sustainability Profile
Kumho Tire, officially known as Kumho Tire Co., Inc., is a leading player in the global tyre industry, headquartered in South Korea (KR). Established in 1960, the company has made significant strides in the automotive sector, focusing on the design and manufacture of high-quality tyres for passenger cars, trucks, and buses. With a strong presence in major operational regions including North America, Europe, and Asia, Kumho Tire has built a reputation for innovation and performance. The company’s core product offerings include a diverse range of tyres that are renowned for their durability, safety, and advanced technology. Notable achievements include numerous awards for product excellence and a commitment to sustainability, positioning Kumho Tire as a trusted choice among consumers and automotive professionals alike. With a focus on research and development, Kumho continues to enhance its market position, ensuring it remains at the forefront of the tyre industry.
DitchCarbon Score
How does Kumho 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.
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.
Industry Benchmark
Kumho Tire's score of 55 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kumho Tire's reported carbon emissions
In 2023, Kumho Tire, headquartered in South Korea (KR), reported significant carbon emissions, totalling approximately 89,900,000 kg CO2e for Scope 1 and about 174,605,000 kg CO2e for Scope 2. The company's global emissions for the same year included approximately 153,799,000 kg CO2e for Scope 1, 396,178,000 kg CO2e for Scope 2, and a substantial 7,940,861,000 kg CO2e for Scope 3 emissions. Kumho Tire has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 emissions by 42% by 2030 from a 2022 baseline. Additionally, the company targets a 25% reduction in Scope 3 emissions within the same timeframe. Long-term goals include a 90% reduction in absolute emissions across all scopes by 2045, also from a 2022 base year. To support these targets, Kumho Tire plans to install solar power facilities and enhance energy efficiency through steam turbine generators. The company is actively pursuing net-zero greenhouse gas emissions across its value chain by 2045, demonstrating a strong commitment to sustainability and climate action.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 138,056,800 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 379,170,200 | 000,000,000 | 00,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Kumho Tire's Industry?
How Carbon Intensive is Kumho Tire's Location?
Kumho Tire's Scope 3 Categories Breakdown
Kumho Tire's Scope 3 emissions, which increased by 14% last year and increased by approximately 23% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 72% of Scope 3 emissions.
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Kumho Tire's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Kumho Tire has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
