S&P Global has awarded Hankook with a Gold Class rating in recognition of the tire maker’s continued sustainability efforts.
The endeavors for which Hankook was awarded include fostering a sustainable value chain through its 2018 E-Circle declaration, which investigated the development of the company’s sustainable material technology, and the establishment of a sustainable natural rubber policy. Another contributing factor was Hankook updating its natural rubber policy in alignment with the Global Platform for Sustainable Natural Rubber’s guide in 2021.
Furthermore, Hankook aims to build a more sustainable value supply chain and to reduce its environmental impact throughout the tire lifecycle.
Hankook was one of only two companies within the auto components industry to have received a Gold Class award and was recognized as the sector’s top business, having scored 78 points out of 100.
The award was published in the Sustainability Yearbook 2022, which is based on the S&P Dow Jones Sustainability World Index. More than 7,550 companies from 61 industries were considered and the Gold Class was only awarded to the top 1% of those assessed.
“We are proud that we received the highest rating in sustainable practices. This recognition is a testimonial of our commitment to creating a more sustainable future,” commented Soo Il Lee, the president and CEO of Hankook Tire & Technology. “Furthering growth as a global leading tire company, we plan to manage our social, environmental and financial performances to the highest global level.”