Nexen Tire has released its first Sustainability Report. The report outlines the company’s sustainable practices and environmental, social, and economic performance in 2019.
Nexen Tire’s 2019/20 Sustainability Report has been published to provide shareholders with consistent and transparent information, highlighting the progress and long-term commitment to its sustainable practices. The report is based on standards of the Global Reporting Initiative (GRI), the United Nations Sustainable Development Goals (UN SDGs), and has been verified by the Korea Management Registrar (KMR), a third-party assurance institution.
The Sustainability Report includes the company’s financial performance under the International Financial Reporting Standards (IFRS), as well as corporate ethics, labor and human rights, EHS (environment, health and safety), and supplier responsibilities based on the company’s CSR standards.
In addition, Nexen Tire enhanced its CSR policy for purchasing natural rubber from regions including Southeast Asia and Africa by joining the GPSNR (Global Platform for Sustainable Natural Rubber). The company has also been participating in the Carbon Disclosure Project (CDP) in an effort to manage and reduce its impact on the environment.