Hankook Tire aims for win-win business management solutions with its subcontractors based on transparent and fair cooperation that can give rise to sustainable growth and development.
Efficient supply chain management and shared growth with suppliers are increasingly considered essential in strengthening a company’s long-term competitive edge and promoting its sustainable growth. As our global supply chain consists of diverse suppliers, Hankook Tire & Technology specifically recognizes the importance of fulfilling its social responsibility to pursue winwin partnerships with its suppliers. If we can’t ensure stability in the purchase and sourcing of raw materials due to lack of ESG management on the part of suppliers, our competitive edge is at risk. On the other hand, our production efficiency will increase when we expand on stable sources of raw materials based on well-functioning ESG management. It is with this awareness that we conduct regular ESG assessments on our suppliers to improve sustainability along the entire supply chain while offering various policy support for suppliers to build long-term competitiveness and ensure sustainable growth in so doing.
In an aim to promote sustainable supply chain management and shared growth, Hankook Tire & Technology will conduct ESG management on all its suppliers who use its electronic purchasing system and request these suppliers to sign the ethics management pledge in order to reinforce its supplier ESG management system. ESG assessment guides will be shared with tier 2 suppliers as well as tier 1 suppliers. Furthermore, we will faithfully implement our supplier ESG policy by posting our sustainable natural rubber policy on the corporate website to help improve the quality of life for growers through the increased productivity and quality of natural rubber and to preserve the environment and prevent the depletion of resources.
• Chaired by: Head of Purchasing Department
• Supervised by: Purchasing Planning Team
• Cooperation Team: Purchasing Team 1, Purchasing 2, Global Quality Management Team, Raw Material Development Project, and Chemical Safety & Legal Regulation Project