Nexen Tire releases 2020/21 ESG Report

Nexen Tire has published the 2020/21 edition of its ESG Report. This document follows up the inaugural report of 2019/20 by expressing the tyre maker’s commitment to expand ESG management and become a fully-fledged customer-oriented organisation, and the report thus provides an update of progress made in ESG-related areas as well as efforts in the fields of environment, society, and governance.

“It outlines the various eco-friendly management operations conducted by the company to minimise environmental impact, such as reducing pollutant emissions and conducting research and development to manufacture eco-friendly products,” comments Nexen Tire. “The report also includes the community-based ESG programmes it is engaged in, and efforts to identify diverse customer demands and reflect them in products.”

“Nexen Tire’s mission is to enrich human lives by creating more opportunities and values through new connections to the world. By building an ESG-oriented management structure, we will continue to fulfil our corporate social responsibilities,” adds Travis Kang, the company’s global chief executive officer.

The report was prepared in accordance with the GRI Standards, with improved objectivity and reliability by taking into account recommendations from global institutions such as the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD), and was verified by third-party assurance institution Korea Management Register (KMR).