Hankook publishes 12th annual ESG Report launches new ESG committee
Hankook has published its 2020/21 ESG (Environment, Social, Governance) Report. The document details the company’s sustainable management activities, responsible governance, integrated environmental management, climate change response, community involvement and development, transparency and business ethics, employee value creation, employee safety and health management, and win-win partnership in the supply chain. It also presents Hankook’s 2030 goals and the strategies of the recently launched ESG committee within the board of directors. The committee will be responsible for consulting, deliberating, and recommending regarding environmental, social and governance businesses.
One way in which Hankook has accelerated its ESG management is by conducting sustainable natural rubber policies and E-Circle declarations in 2018. Through eight subcommittees in each field of expertise, the company has been constantly sharing its vision of sustainability with executives and employees and further improving its ESG management. By setting challenging goals and collaborating with stakeholders, the company is carrying out a variety of activities to make a positive impact on the society.
Starting with its first inclusion on the Dow Jones Sustainability Indices in 2011, the company has been listed in the DJSI for five consecutive years from 2016. This shows how the company is recognised for its achievements in social contribution and supply chain management. In addition, the company also obtained leadership ratings from CDP (formerly Carbon Disclosure Project) in recognition of its achievements in environmental protection, in climate change response and was awarded Carbon Management Sector Honors at CDP Climate Change Korea Awards.
Hankook is also setting clear goals such as achieving 100 per cent of sustainable raw material use by 2050 and reducing greenhouse gas emissions by 50 percent compared to 2018. The company is also participating in various initiatives for corporate sustainability practices such as UNGC (United Nations Global Compact) and is promoting eco-friendly policies such as sustainable natural rubber policies.