Hankook Tire listed by Dow Jones Sustainability Indices World for the sixth consecutive year
- Recognized for its commitment to sustainable practices especially in areas of social contribution and supply chain management
- To continue focusing on leveraging sustainability as key value for growth and industry leadership
Seoul, Korea, November 15, 2021 – Global leading tire company Hankook Tire has been recognized as the best-in-class sustainability leader in the Dow Jones Sustainability Indices (DJSI) World for the sixth consecutive year.
The DJSI are a family of best-in-class benchmarks on sustainable business practices. It measures the performance of the world’s leading companies in terms of economic, environmental, and social impact. Dow Jones Indices are in conjunction with RobecoSAM, a Zurich-based investment specialist that conducts detailed sustainability research on thousands of global market capitalization leaders.
This year’s DJSI World list included 322 companies, which accounts for 12.7% among the top 2,544 companies worldwide. Hankook Tire on the list represents the auto components industry.
This prestigious recognition demonstrates Hankook Tire’s continued focus on environmental, social and governance (ESG) management as well as its pioneering role in leading the industry to a healthy, sustainable future. In particular, the company is recognized in areas of social contribution and supply chain management.
Hankook Tire has been incessantly striving to improve the company-wide sustainable practices by sharing its vision with all executives and employees throughout eight different fields of expertise. In 2018, Hankook began to further accelerate its ESG management by conducting sustainable natural rubber policies and E-Circle declarations. In 2021, the company has not only set up an ESG Committee within the Board of Directors but has also updated its sustainable rubber policy in alignment with the Global Platform for Sustainable Natural Rubber (GPSNR) policy framework.
Moreover, Hankook Tire is carrying out a variety of activities to make a positive impact on society based on goals set by the company and through collaboration with various stakeholders. For instance, Hankook Tire has been actively making meaningful donations relating to the topic of mobility. One of its programs is the Car Sharing Project which started in 2008 with an aim to support to social welfare institutions facing transportation difficulties. By 2021, the number of vehicles provided during the program’s 14 years in running amount to approximately 630 vehicles total. The company has also undertaken the Tire Sharing Project to donate 27,054 tires for 12 years since 2010 to social welfare centers for their business vehicle equipment.
Hankook was first recognized by the DJSI in 2011 and more recently has been on the list for the past six years starting from 2016.
Moving forward, Hankook Tire plans to leverage its expertise in the field of sustainability management as one of the core values to secure growth and leadership in the future. Hankook will continue to drive social contribution and implement environment-friendly management practices, supported by healthy business performance.