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 71% 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 total emissions of approximately 8,990,000 kg CO2e for Scope 1 and approximately 174,605,000 kg CO2e for Scope 2. The company has not disclosed Scope 3 emissions data for this year. The total emissions calculated from these scopes amount to approximately 183,595,000 kg CO2e. Kumho Tire has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 emissions by 42% by 2030 from a 2022 base year. Additionally, the company has committed to a significant long-term target of reducing absolute Scope 1, 2, and 3 emissions by 90% by 2045, also from a 2022 base year. 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. In the near term, Kumho Tire aims to include 100% of its Scope 1 and 2 emissions in its reduction targets, with a goal to reduce emissions below allocated permits by 2025. The company has also outlined plans to install solar power facilities and expand reduction technologies, such as steam turbine generators, to further decrease its carbon footprint. Overall, Kumho Tire's climate strategy reflects a strong commitment to sustainability and significant reductions in greenhouse gas emissions, positioning the company as a proactive player in the tire manufacturing sector's response to climate change.
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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?
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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.
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Common questions about Kumho Tire's sustainability data and climate commitments
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