Solidifying its place as a world leader in Environmental, Social and Governance (ESG) practices, tire manufacturer Hankook has been recognized for the seventh year in a row by Dow Jones Sustainability Indices (DJSI) for industry-leading sustainability. Hankook Tire represents the Korean auto components industry alongside Hyundai Mobis.
DJSI World represents the top ten per cent of the world’s 2,555 largest companies in the S&P Global BMI with leading performance in economic, environmental and social impact.
This distinguished position in the DJSI rankings is a result of Hankook’s continuous efforts to strengthen ESG management. This year, the company recorded its highest score since the inception of DJSI, achieving high ratings in a variety of areas including corporate philanthropy, human rights, supply chain management, and R&D innovation.
In 2021, the company organized an ESG Committee within the board of directors to strengthen ESG management. This year, through the formation and announcement of its Corporate Governance Charter, Hankook declared its intention to create, maintain, and develop an advanced governance structure.
Hankook Tire has excelled at its efforts to achieve a sustainable value supply chain. In order to guarantee the economic, social, and environmental sustainability of the natural rubber value supply chain, the company established sustainable natural rubber policies in 2018. Later in 2021, these policies were revised in line with the guidance of the Global Platform for Sustainable Natural Rubber (GPSNR).
The company also leads in the practice of circular economy. Earlier this year, Hankook Tire submitted a mid- to long-term greenhouse gas reduction objective based on scientific evidence as part of the global effort to achieve carbon neutrality.
Under the slogan “‘Driving towards Happiness,” Hankook is carrying out its social responsibilities through various social contributions and activities for coexistence with local communities.
With the goal to lead future growth as a leading global tire company, Hankook Tire plans to manage its financial performance and a variety of activities, such as corporate philanthropy and environmental management, with a systematic framework to continue its global top-tier sustainability management capabilities.