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Hankook Tire publishes its 12th Annual 2020/21 ESG Report
- Features Hankook’s sustainability management efforts and achievements around eight major ESG focuses
- 2020/21 edition is its 12th issue with the first ESG report published in 2010
- Published online to be easily accessed and read as well as to contribute to environmental protection
Seoul, Korea, August 17, 2021 – Global leading tire company Hankook Tire published its 2020/21 ESG Report which includes the company’s sustainable management activities and achievements in 2020 and its mid-to long-term ESG strategies.
Hankook Tire has been publishing the ESG report since 2010, with the 2020/21 edition marking its 12th issue. The report includes eight major ESG focus points: responsible governance, integrated environmental management, climate change response, community involvement and development, transparency and business ethics, employee value creation, employee safety and health management, and win-win partnership in the supply chain. The highlight sector of the report addresses major events of Hankook Tire in 2020 as well as goals and strategies for 2030 of eight specialized subcommittees within the ESG committee.
It traces back more than 10 years ago when Hankook Tire established an organization dedicated to CSR. In 2009, the company launched a CSR Strategy Committee composed of top management levels and a Steering Committee made up of working level employees. In the following year, the company set up an EHS integrated management system as the ground for promoting company-wide social contribution activities. In 2021, the CSR Committee was renamed to ESG Committee and went through regrouping with the aim of strengthening its ESG management.
Hankook Tire further accelerated its ESG management by conducting sustainable natural rubber policies and E-Circle declarations in 2018. Through eight subcommittees in each field of expertise, the company has been constantly sharing its vision of sustainability with executives and employees and improving its ESG management. By setting challenging goals and collaborating with stakeholders, the company is carrying out a variety of activities to make a positive impact on the society.
In particular, Hankook Tire‘s donation activities focus on the mobility which sits at the company’s core. For example, its Car Sharing Project which started in 2008 aims to support social welfare institutions nationwide with difficulties in transportation. Hankook Tire donates vehicles to selected institutions every year and by 2021, the number of vehicles provided for 14 years in straight amount to approximately 630 in total.
Based on these initiatives, Hankook Tire has been recognized as a pioneer in sustainable management. Starting with its first inclusion on the Dow Jones Sustainability Indices in 2011, the company has been listed in the Dow Jones Sustainability Indices (DJSI) World for five consecutive years from 2016 to 2020. In specific, the company is highly recognized for its excellence in social contribution and supply chain management.
The 2020/21 ESG report is published online not only to be easily accessed anytime, anywhere through devices such as PC and smartphone but also to contribute to environmental protection by reducing paper use. Details of Hankook Tire’s 2020/21 ESG Report can be found in Sustainable Management page of Hankook Tire website(ESG Report | Hankook Tire Global).