Kumho Tire
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 73% 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 across various scopes. The total emissions were approximately 8,000,861,000 kg CO2e, with Scope 1 emissions at about 153,799,000 kg CO2e and Scope 2 emissions at approximately 396,178,000 kg CO2e. The majority of their emissions stemmed from Scope 3, which accounted for about 7,940,861,000 kg CO2e. Kumho Tire has set ambitious reduction targets as part of its climate commitments. The company aims to reduce its absolute Scope 1 and 2 emissions by 42% by 2030 from a 2022 baseline, and to achieve a 90% reduction in these emissions by 2045. Additionally, they are targeting a 25% reduction in absolute Scope 3 emissions within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit warming to 1.5°C. To further their climate goals, Kumho Tire plans to install solar power facilities and enhance the use of reduction technologies, such as steam turbine generators, to achieve net-zero emissions across all scopes by 2045. The company has also committed to a long-term reduction of 67.9% in Scope 1 emissions by 2040. Overall, Kumho Tire's comprehensive approach to managing carbon emissions reflects its commitment to sustainability and climate action within the tyre manufacturing industry.
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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 |
Industry emissions intensity
Location emissions intensity
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.
Kumho 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.
