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 56 is higher than 96% 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 reported significant carbon emissions, totalling approximately 8,000,861,000 kg CO2e across all scopes. This includes 153,799,000 kg CO2e from Scope 1, 396,178,000 kg CO2e from Scope 2, and a substantial 7,794,086,100 kg CO2e from Scope 3 emissions. The combined total for Scope 1 and 2 emissions was about 549,977,000 kg CO2e. Kumho Tire has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by 4.67% by 2025, relative to the allocated emission permits. This target encompasses 100% of Scope 1 and 2 emissions for the reporting year. Additionally, the company has long-term goals to achieve a 23.6% reduction in Scope 1 emissions by 2030 and a remarkable 67.9% reduction by 2040, which translates to approximately 4,690,000 tonnes CO2e. To support these targets, Kumho Tire plans to install solar power facilities and enhance the use of reduction technologies, such as steam turbine generators, as part of its strategy to achieve carbon neutrality by 2045. The company is committed to aligning its operations with net-zero emissions across all scopes by 2050, demonstrating a proactive approach to climate action in the tyre manufacturing sector.
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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.
