Hankook Tire achieved an A- score by CDP (formerly Carbon Disclosure Project) this year in the ‘Climate Change’ sector, underscoring the company’s commitment to environmental sustainability management.
Hankook Tire received an A- in CDP’s 2020 scoring results, demonstrative of the company’s leadership in environmental sustainability. Only companies recognized with excellent performance in climate change response activities, environmental risk management and related information disclosure can attain the leadership level.
Furthermore, Hankook is incorporating environment-caring efforts not only in production process but also in R&D. For example, Hankook has minimized the rolling resistance of tires to improve fuel efficiency of vehicles and ultimately reduce greenhouse gas emissions. The company also takes the lead in activities such as calculating greenhouse gas mitigation amounts into monetary value and reflecting it in the investment process.
“It is indisputable that climate change is one of the most critical and urgent issues that the world is facing right now,” says Sooil Lee, President of Hankook Tire America Corp. “As a responsible global corporate citizen, we will continue focusing on environmental disclosure and transparency as well as providing products that contribute to bringing a sustainable future closer.”
CDP is an international non-profit organization that assesses companies’ environmental transparency and action on climate change, forests and water security disclosures. Along with the Dow Jones Sustainability Index, the annual CDP report is deemed one of the most trusted indicators for environmental, social, and corporate governance. It scores companies from D- to A, with A and A- representing leadership level.