- Expanding ESG regulations.
- Impact of enhanced vehicle exhaust emission regulations (Euro 7).
- Rapid industrial shift resulting from future mobility innovation.
- Mounting importance of roads and tires amid the mainstreaming of autonomous driving.
- Fire at the Daejeon Plant.
Hankook Tire & Technology
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Hankook Tire & Technology disclosed greenhouse gas emissions of 1.1M tCO2-eq. By scope: Scope 1: 247.2K tCO2-eq; Scope 2: 854.4K tCO2-eq; Scope 3: 29.4M tCO2-eq. 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
1.1M tCO2-eq
2023
Water Usage
5.7M m3
2023
Waste
49.4K tons
2023
📊 Emissions by Scope (2023)
| 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). | 247.2K tCO2-eq |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 854.4K tCO2-eq |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 29.4M tCO2-eq |
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 |
|---|---|
| 2023 | 1.1M tCO2-eq |
| 2022 | 1.1M tCO2e/year (Scope 1 & 2) |
| 2021 | 1.1M tCO2e |
| 2020 | 1.1M tCO2e (Scope 1+2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 and 2 emissions from the manufacturing phase by 4.45% year-on-year in 2023.
- Achieved a 14.6% share of tires rated A & B in rolling resistance based on revenue.
- Mass production of tires with 45% sustainable raw materials content.
- Development of electric vehicle tires with 70% sustainable materials content.
- Won the 2023 CDP Carbon Management Sector Honors.
- Reduced water withdrawal by nearly 270,000 tons against 2022.
- Reduced waste oil generation by 147.73 tons in 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption intensity by 30% by 2030 (against 2018 levels).
- Reduce waste discharge intensity by 30% by 2030 (against 2018 levels).
- Increase social value creation to KRW 11,576.4 million by 2030 (against 2018 levels).
- Reduce frequency and severity index by 30% by 2030 (against 2018 levels).
📅 Medium-term
- Reduce Scope 1 and 2 emissions by 46.2% by 2030 (against 2019 levels).
- Reduce Scope 3 emissions by 27.5% by 2030 (against 2019 levels).
- Achieve 20% global female leaders by 2030.
- Reach 40% usage of sustainable raw materials by 2030.
- Reach 15,000 volunteer hours by 2030.
🔭 Long-term
- Achieve Net Zero emissions by 2050.
🌱 ESG Focus Areas
Climate Change ResponseResource Conservation and Efficiency ImprovementEco-friendly Product DevelopmentSustainable Raw Materials and SourcingHuman Resources Development and ManagementRespect for Human Rights and DiversityProduct and Service Quality Safety ManagementStrategic Supplier ESG ManagementSound GovernanceSupport for Community Growth