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 66 is higher than 83% 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 regions. The company disclosed Scope 1 emissions of approximately 89,900,000 kg CO2e in KR, 10,523,000 kg CO2e in the US, and 163,000 kg CO2e in Germany. For Scope 2 emissions, the figures were about 174,605,000 kg CO2e in KR, 26,627,000 kg CO2e in the US, and 44,000 kg CO2e in Germany. Globally, Kumho Tire's total emissions reached approximately 257,548,000 kg CO2e, with Scope 1 and 2 emissions combined at about 549,977,000 kg CO2e. Kumho Tire has set ambitious climate commitments, aiming for a 4.67% reduction in Scope 1 and 2 emissions by 2025, relative to their allocated emission permits. Additionally, they have long-term targets to achieve a 67.9% reduction in Scope 1 emissions by 2040 and a 90% reduction in Scope 1, 2, and 3 emissions by 2045, based on a 2022 baseline. The company is also committed to reaching net-zero emissions across all scopes by 2045. To support these goals, Kumho Tire plans to install solar power facilities and enhance reduction technologies, such as steam turbine generators. Their near-term targets include a 42% reduction in Scope 1 and 2 emissions by 2030 and a 25% reduction in Scope 3 emissions within the same timeframe. These initiatives reflect Kumho Tire's commitment to sustainability and alignment with global climate standards.
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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 | 00,000,000 |
| 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.
