Hankook Tire
Hankook Tire & Technology Co., Ltd., commonly known as Hankook Tire, is a leading global tyre manufacturer headquartered in South Korea (KR). Established in 1941, the company has grown to become a prominent player in the automotive industry, with significant operations across Asia, Europe, and North America. Hankook Tire is renowned for its innovative approach to tyre design and technology, offering a diverse range of products including passenger car tyres, truck and bus tyres, and high-performance tyres. The brand's commitment to quality and performance has earned it a strong market position, with notable achievements such as being the seventh-largest tyre manufacturer in the world. With a focus on sustainability and cutting-edge research, Hankook Tire continues to set industry standards, making it a preferred choice for drivers seeking reliability and excellence on the road.
DitchCarbon Score
How does Hankook Tire's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Motor Vehicle Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hankook Tire's score of 56 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hankook Tire's reported carbon emissions
In 2024, Hankook Tire reported total carbon emissions of approximately 24,361,600 kg CO2e for Scope 1, 865,598,000 kg CO2e for Scope 2, and a significant 29,569,918,000 kg CO2e for Scope 3, resulting in a combined total of about 11,092,130,000 kg CO2e for Scope 1 and 2 emissions. This data highlights the company's substantial carbon footprint, particularly in Scope 3 emissions, which encompass the entire value chain. Hankook Tire has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by 46.2% and Scope 3 emissions by 27.5% by 2030, using 2019 as the baseline year. The company is also committed to achieving net zero emissions across all scopes by 2050. These targets align with industry standards and reflect a proactive approach to addressing climate change. In previous years, Hankook's emissions have shown fluctuations, with Scope 1 emissions recorded at approximately 24,722,400 kg CO2e in 2023 and 24,840,400 kg CO2e in 2022. Scope 2 emissions were about 854,375,000 kg CO2e in 2023 and 904,461,000 kg CO2e in 2022. The company is on track to meet its near-term reduction goals, demonstrating a commitment to sustainability and environmental responsibility.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 267,940,000 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 961,978,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 00,000,000,000 | - | - | - | - | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hankook Tire is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
