Hankook wins platinum medal from EcoVadis for CSR Engagement
Tire manufacturer Hankook received the highest honor from the internationally renowned rating agency EcoVadis for its CSR initiatives and its efforts in sustainability. EcoVadis, who offers the most reliable sustainability ratings in the world, rewards Hankook for its social responsibility.
Seoul, Korea, 10 June 2020 – Global leading premium tire maker Hankook has been awarded a platinum medal by EcoVadis, one of the highest recognition for achievements in the field of Corporate Social Responsibility (CSR). The medal is only awarded to companies that are in the top 1% of their industry sector.
EcoVadis is an international institute based in France that offers reliable ratings in the field of social responsibility. The ratings are divided into four topic areas: environment, labor and human rights, ethics and sustainable procurement. The institute assesses around 6,500 companies from 160 countries around the world and enjoys great trust among European car manufacturers. The medals range from platinum, gold, and silver to bronze.
Tire manufacturer Hankook was honored with the platinum medal for its clear CSR objectives, its participation in various sustainability initiatives and its CSR-related policies. The company's particularly ambitious goals include the use of 100% sustainable materials and a 50% reduction in greenhouse gas emissions by 2050 compared to 2018. The company also participates in sustainability initiatives with the United Nations Global Compact (UNGC) and promotes CSR-related policies such as the Sustainable Natural Rubber Policy. This puts Hankook in the top 1% of 353 companies that manufacture rubber products worldwide in the CSR field.
Last year, Hankook received the gold medal from EcoVadis, which honors the best 5% of companies. Following the introduction of the Platinum Medal this year to honor the best 1% companies, the award has enabled Hankook to position itself once again as a leading company and to clarify its position in the ranking. Hankook has again proved itself to be a top-tier global company that executes sustainable business practices based on its continued and strengthened commitment to sustainability.
"Hankook is honored to be, once again, recognized by EcoVadis. We believe this is a statement to our efforts in building a sustainable ecosystem for the industry as well as our pursuit of being socially responsible in every aspect of the business," says Sooil Lee, Hankook Tire President & COO. "We take great pride in our sustainability initiatives, and will continue our commitment to make the world that we live in a better place."
Hankook continues to expand its expertise in the field of sustainability management to a top global level to secure growth and leadership position in the future. Hankook has been systemically driving not only financial performances but also its social contribution and the implementation of environment-friendly management. As a result, Hankook has been included in the Dow Jones Sustainability Indices World (DJSI World) for four consecutive years since 2016. In 2019, Hankook was the only Asian company in the automotive supply industry to be listed in the DJSI World.