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Home Sustainability Focus Areas Climate Change Overview

Climate Change

Hankook Tire is committed to enhance the competitive edge by preventing business-related risks caused by climate change and thus turning each crisis into opportunity.

Hankook Tire is committed to enhance the competitive edge by preventing business-related risks caused by climate change and thus turning each crisis into opportunity.
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Context

Increasing GHG emissions cause global-level risks such as ecosystem disruptions and rising sea levels. In response, the whole world signed the Paris Agreement, a new climate system, at the COP21 held in December 2015. The agreement emphasizes corporate role and responsibility for limiting the rise of world temperatures to no more than two degrees centigrade compared to preindustrial level.

Risk & Opportunity

Our business scale has been growing backed by the expansion of global production facilities. This trend inevitably exposes us to environmental risks such as emission trading scheme and energy resource depletion. However, increasing energy efficiency through new technologies and committing to reducing GHG emissions will bring such positive benefits as production cost savings

Future Plans and Outlook

The Paris Agreement, a new climate system, will require companies more obligations and regulations on climate change & GHG management. Moreover, dwindling energy resources and accompanying cost increase may become obstacles to business activities. In response, Hankook Tire is committed to improving energy efficiency and developing alternative energy sources to ensure our sustainability and proactively join the efforts to prevent global warming.

 

Progress of Health and safety

  • Our Approach

    Hankook Tire's declaration of management responsibilty and governance for climate change

    Declaration

    Hankook Tire is fully aware that endeavors and initiatives to address climate change on the global, regional and national level constitute critical prerequisites for a sustainable future. Thus, Hankook Tire is ever committed to minimizing any impact from climate change.

    Management Responsibility and Governance

    Energy & GHG Committee
    • • Chaired by: Production & Engineering Division Director
    • • Supervised by: Machinery Engineering Team 3
    • • Members: CSR Team, Global Facility Maintenance Operations Team, DP) KP) Facility Maintenance Team, R&D Corporate Management Team
  • 2015 Achievements

    2015 major achievements and accomplishments

    2015 Achievements
    ● Completed ◐ Partially Completed ○ not Completed
    2015 Achievements
    Code Key managerial issues Goals Achievements Completion
    CC1 Energy & GHG management Win the Carbon Management Sector Winners at the CDP Korea Awards 2015 Won the Carbon Management Sector Winners in Consumer Discretionary Sector for 2 years in a row
    Establish the e-Saver (energy management system) - Phase II Completed the e-Saver (Phase II for steam, N2 gas, and compressed air) project at the domestic plants
    Set up criteria to estimate the cost benefits from GHG emissions reduction within the investment process Set criteria to estimate GHG reductions and apply the internal price of carbon
    CC2 Reduction of energy consumption and GHG emissions Implement the 4Re initiatives (Phase II)
    • ‌‌Renovation (adoption of high energy-efficiency equipment)
      • - Improved main pipelines for compressed air supply
    • - Replaced with high efficiency LED lights
    • - Replaces old chillers
    • - Improved curing pump control
    *
    • Reuse (maximization of energy recovery)
      • - Spread the booster of recovered and reused steam from curing waste heat
    **
    • - Installed white smoke removal devices
    • - Replaced old condensate water recovery devices
    • Recycling (recreation of value from waste)
      • - Installed a low-temperature pyrolysis system
    ***
    • Replace (review of alternative energy sources)
      • - Reviewed the economic feasibility of solar power generation system for the domestic plants
    CC3 Introduction of new technologies Develop and review the technology to convert waste heat to steam Reviewed the economic feasibility of devices to convert waste heat to steam
    • * Extend the period to 2016 due to precise diagnosis and additional design for better effectiveness
    • ** Extend the period to 2016 due to precise diagnosis and additional design for better effectiveness
    • *** Under test due to design modification and additional requirements to complete in 2016
  • 2016 Plans

    2016 plans and relevant office

    2016 Plans
    2016 Plans
    Code Key Managerial Issues* Commitments Key Index Deadline Team in Charge
    CC1 Energy & GHG management Establish the e-Saver (energy management system) in Indonesia Plant Energy management system Oct. G. Facility Maintenance Operations Team
    CC2 Reduction of energy consumption and GHG emissions Adjust time for Platen & Jacket Drain in curing process Reduction of GHG emissions and energy consumption Dec. DP)KP) Facility Maintenance Team
    Replace with high efficiency LED lights Sep. DP)KP) Facility Maintenance Team
    Improve curing pump control through high efficiency of facilities Aug. Machinery Engineering Team 3
    Improve the curing waste heat reuse system (installation of steam compressor) Sep. G. Facility Maintenance Operations Team, DP)KP) Facility Maintenance Team
    Install decompressed energy reuse facilities (decompressed turbine generator) 2017 Machinery Engineering Team 3
    CC3 Introduction of new technologies Implement the feasibility study of installing photovoltaic power generation facilities Review of new technologies Oct. Machinery Engineering Team 3
    Review the economic feasibility of installing ESS (Energy Storage System) Oct. Machinery Engineering Team 3

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