Climate Change and GHG Management
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.
Issue Background & Management Status
Global crisis is expected, such as changes in ecosystem and sea level rise due to increased GHG emissions. Since the Paris Agreement took effect in 2016, the world has been participating in the response to climate change. In particular, the role and responsibility of companies to keep the increase in global temperature within 1.5 degrees Celsius compared to the pre-industrial level is being emphasized. Therefore, each country and company is either raising its reduction targets or declaring carbon neutrality in addition to the GHG reduction targets that were set previously.
Hankook Tire & Technology has established mid- to long-term greenhouse gas reduction targets for all global production sites in order to actively support and participate in the Paris Agreement. We will spare no effort in company-wide investment and efforts, and in the long term, we will convert our energy sources to eco-friendly energy and reduce the use of fossil fuels, thereby contributing to the prevention of global warming in order to achieve the target. Activities related to climate change response are monitored on a quarterly basis by the Climate Change Committee, and annual GHG emissions and climate change response activities are transparently disclosed to the outside through CDP1) every year.
1) CDP: Previously known as the Carbon Disclosure Project, CDP represents both a project and an organization that evaluates major listed companies across the world for their business disclosures related to how they respond to environmental issues – climate change, water, forest resources, etc. – to use such data to guide global financial institutions in making investment decisions.
Hankook Tire & Technology set the four overarching directions of building a low-carbon management system, improving the efficiency of process energy use, expanding the use of renewable energy, and introducing innovative mitigation technology and achieve the reduction target by implementing the plan step by step. In the short term, we will minimize the energy use in the tire manufacturing process and in the long-term we will establish the foundation for long-term energy transition by reviewing the identification of ecofriendly alternative energy. We are reviewing the establishment of an integrated energy management platform where we can diagnose energy use for the whole plants at the global level and share reduction technologies.
Climate Change Committee
• Committee Chairs : Machinery & Digital Engineering Department
• Supervised by : Production Infrastructure Team
• Cooperation Team : ESG Team, Facility Technology Team,
R&D Corporate Management Team