- Supply chain disruptions due to climate events
- Increased compliance costs due to emissions regulations
- Decreased demand for conventional tire products due to the transition to electric vehicles
- Increased R&D costs for eco-friendly products
- Increased customer and investor demand for climate action
- Water risks, particularly in China and Vietnam
Kumho Tire Co., Inc.
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Kumho Tire Co., Inc. disclosed greenhouse gas emissions of 264.5K tCO2eq/year (domestic) + 270748 tCO2eq/year (overseas). By scope: Scope 1: 152.4K tCO2e/year (domestic) + 62499 tCO2e/year (overseas); Scope 2: 174.6K tCO2e/year (domestic) + 208249 tCO2e/year (overseas); Scope 3: 6.7M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
264.5K tCO2eq/year (domestic) + 270748 tCO2eq/year (overseas)
2022
Renewable Energy
0.004% of total energy use
of total energy
Water Usage
1.4M tons/year (domestic) + 1087491 tons/year (overseas)
2022
Waste
13.9K tons/year (domestic) + 9962.5 tons/year (overseas)
2022
Energy Use
11.9M GJ/year
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 152.4K tCO2e/year (domestic) + 62499 tCO2e/year (overseas) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 174.6K tCO2e/year (domestic) + 208249 tCO2e/year (overseas) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 6.7M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 264.5K tCO2eq/year (domestic) + 270748 tCO2eq/year (overseas) |
| 2021 | 482.6K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Improved energy intensity by 4% compared to 2021
- Reduced carbon emissions by 8.4% compared to 2021
- Improved water withdrawal intensity by 8.8% compared to 2021
- Improved waste recycling rate to 80.8%
- Developed tires with 55% sustainable materials
- Reduced approximately 28,000 tons of carbon emissions based on 2022 sales volume of fuel-efficient tires
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 10% by 2025
- Reduce accident rate to 3.9% by 2025
- Achieve 100% completion rate of core supplier ESG evaluation by 2025
- Improve governance ratings to AA grade by 2025
- Achieve 100% human rights impact assessment rate by 2030
📅 Medium-term
- Reduce carbon emissions by 23.6% compared to 2021 by 2030
- Achieve 40% sustainable raw materials use by 2030
- Achieve 90% waste recycling rate by 2030
- Achieve 100% due diligence on suppliers by 2030
- Obtain anti-corruption and compliance management system (ISO 37001 & 37301) certification by 2030
🔭 Long-term
- Achieve carbon neutrality (Net-Zero) by 2045
- Achieve 100% sustainable raw materials use by 2045
🌱 ESG Focus Areas
Climate ChangeSustainable Supply Chain ManagementCustomer SatisfactionDeveloping Eco-friendly TechnologiesEthical ManagementWaste ControlTechnology and Business InnovationSafety & HealthRisk ManagementEnergy ManagementHuman RightsEmployee Competency