SEOUL—Hankook Tire has strengthened sustainability efforts with a dedicated ESG (environment, social, governance) committee within its board of directors to address the challenges currently faced by the industry.
The Korean tire maker announced the formation of the new committee along with its 12th ESG report, which highlights achievements in terms of responsible governance, integrated environmental management and climate change response.
The report is particularly focused on goals until 2030 and the strategies of the recently launched ESG committee.
These include implementing sustainable natural rubber policies and E-Circle declarations, as well as other activities to make a positive impact on the society.
Hankook said it also was setting goals such as using 100 percent sustainable raw material by 2050 and reducing greenhouse gas emissions by 50 percent compared to 2018.
The company said it was participating in various initiatives for corporate sustainability practices such as UNGC (United Nations Global Compact) and that it had been listed on the Dow Jones Sustainability Indices for five consecutive years since 2016.