Hankook Tire practices ESG to contribute to increasing corporate values, taking social responsibilities of the company, pursuing a sustainable growth of the company with all stakeholders such as our customers, business partners, regional communities, and employees.
Hankook Tire acquires ‘ISCC PLUS’, the first eco-friendly international certification for industry
Hankook Tire & Technology became the first in the tire industry to acquire ISCC (International Sustainability & Carbon Certification) PLUS certification, the international certification system for eco-friendly materials.
ISCC PLUS is the international certification system that conforms to the European Union (EU) renewable energy guidelines, and is a certification granted for passing the examination with the eco-friendliness of raw materials, production processes, and even their products.
It has membership with 130 eco-friendly raw material manufacturers, NGOs, and research institutes around the world, and is the most reliable institution in the eco-friendly field with the transparent screening standard and the strict certification procedure.
As a certification system that is already widely known to European consumers, various global manufacturers are trying to secure the ISCC PLUS certification.
It is a complicated system that requires certification at all stages from the raw materials to the final products. For tires, the ISCC PLUS certification is required to finally obtain the certification for tires from the raw materials used to the manufacturing process.
Hankook Tire obtained the ISCC PLUS certification for its effort to replace petrochemical oil with natural oil and petrochemical products (synthetic rubber) with biochemical products and biopolymers.
*Natural oil is a material that has been certified for its eco-friendliness in all processes from cultivation and refining to tire production.
Bio Polymer is an eco-friendly material that can reduce carbon emissions with more waste cooking oil mixed and less petroleum, unlike the process of making conventional chemical products.
Awarded ‘Dow Jones Sustainability Indices (DJSI) World’ for 6 consecutive years
Hankook Tire & Technology ranked the first prize winner in the auto parts industry and is listed in the ‘2021 Dow Jones Sustainability Index World’ for 6 consecutive years. Selected as one of the top companies in the auto parts industry for the first time as a domestic tire company and recognized as a global top-tier company since 2016, Hankook Tire & Technology has grown into the best ESG management company of the year. The Dow Jones Sustainability Index was jointly developed in 1999 by Dow Jones of the United States and RobecoSAM of Switzerland, an investment evaluation agency. It is a global index that evaluates the top 2,500 global companies by market capitalization every year, considering not only the financial performance but also social contribution, governance, human rights, and environment. With only 21 domestic companies included in the ‘2021 Dow Jones Sustainability Index World’, Hankook Tire & Technology has been recognized as the best company once again in the industry for its sustainability management by winning the award for 6 consecutive years.
• DJSI World (No. 1 in the auto parts industry for 6 consecutive years)
• DJSI Asia Pacific (For 9 consecutive years)
• DJSI Korea (For 11 consecutive years)
About Dow Jones Sustainability Indices
Korea's first company to be included in the 'CDP Supplier Engagement Leader Board'
Hankook Tire has been included in the 'CDP Supplier Engagement Leader Board' as the very first and only company from Korea in 2018, for our constant efforts to manage the carbon emission in our supplier chain. CDP classifies the supplier engagement of climate change responses in 8 levels and allow companies with A grade, the top grade, to be included in the CDP Supplier Engagement Leader Board. In 2020, Hankook Tire & Technology scored A- in Climate Change and B- in Water.
• Acquired CDP Climate Change A-, Water B- ('20)
• Korea's first company to be included in the 'CDP Supplier Engagement Leader Board' (2018)
• Selected at CDP Korea for Carbon Management Sector (Selective Consumer Discretionary Sector)
Honors (2014, 2015, 2017, 2018, 2020)
• Received the Carbon Management Special Award at CDP Korea (2012, 2013)
*CDP (formerly known as Carbon Disclosure Project) is a global project that evaluates the corporate managements related to environmental issues responses such as climate change, water, and forest resources for major companies around the world. The collected information is published annually and used as a investment guide for financial institutions.
Received Gold Prize for ESG Report Sector and Digital: Multimedia/Interactive Sector, respectively at ESG Report LACP Spotlight Awards
Hankook Tire received a Gold prize in the ESG Report Sector and the Digital: Multimedia/Interactive Sector, respectively, at the Spotlight Awards by LACP, a prestigious global marketing research agency, for the publication of the ESG Report 2018/19 in 2019. In addition, Hankook Tire was ranked 45 out of 1,500 entries and was also included in the top 100 prize winners for 2019, receiving perfect scores for overall narrative, visual design, creativity, and perceived relevance areas.
• Grand Prize for ESG Report Sector at LACP Vision Award (2012)
• Sustainability Report Prize at Global Standard Business Award (2012)
• Selected for Excellent Report in Production Sector at KRCA (Korea Reader's Choice Award) (2014, 2015)
• Grand Prize (No. 1 in World Ranking) LACP Impact Award (2016)
• Gold Prize (No. 32 in World Ranking) LACP Spotlight Award (2017)
• Gold Prize (No. 36 in World Ranking) LACP Spotlight Award (2018)
• Gold Prize (No. 45 in World Ranking) LACP Spotlight Award (2019)
*LACP (League of American Communications Professionals) is a world authority marketing research institution that finds best-in-practices in the public relation industry and creates a forum for presenting such practices. LACP Awards is one of the two major communication awards along with the ARC Awards hosted by MerComm.
Overall B+ Rating for 2020 Korea Corporate Governance Service ESG Evaluation
The Korea Corporate Governance Service ESG evaluation is an evaluation to enhance the social responsibility of domestic listed companies and encourage their activities, while activating responsible investment by investors. The level of Environment, Social Responsibility, and Governance are evaluated and graded as for the evaluation. The evaluation results are used as data for composing stocks in the Korea Exchange's Responsible Investment Index. Hankook Tire & Technology obtained the compressive grade of B+ in the 2020 ESG evaluation; A+ for Social, A for Environmental, and B for Governance. In particular, in the Environmental field, we obtained the highest score in the industry and were recognized for our excellent environmental management.
Awarded Top Tier of the 'Korean Standard Quality Excellence Index' for 10 consecutive years
Hankook Tire was awarded with the top prize in the '2018 Korean Standard Quality Excellence Index (KS-QEI)' hosted by the Korean Standards Association with the Automobile Tire sector for 10 consecutive years. The Korean Standard Quality Excellence Index is a comprehensive indicator of the quality excellence and satisfaction the Korean Standards Association and the Korean Society for Quality Management research and announce for consumers and commodity specialists who use the products of their companies. Hankook Tire has proved its quality competitiveness as a global top-tier company by winning comprehensively excellent scores in both the 'Usage Quality Index' including performance, reliability, and safety plus 'Emotional Quality Index' including image, brand recognition and novelty.