Hankook Tire has been listed in the Dow Jones Sustainability Indices World (DJSI World) for the fourth consecutive year. The 2019 DJSI World included 318 companies, which accounts for 12.6% among the top 2,526 global companies – and only 19 Korean companies received recognition.
Hankook was selected as one of the top companies in the automotive components industry for its sustainability practices. In particular, it received excellent evaluations in the areas of corporate citizenship and philanthropy, supply chain management, and materiality.
The company has continuously shared its sustainability vision with its employees through seven CSR committees within the business, and company-wide CSR activities. By setting challenging goals around each committee and collaborating with various stakeholders, Hankook Tire has carried out various CSR activities to spread its positive influence to society.
Since the tire manufacturer enacted specific policies to secure the economic, environmental and social sustainability of the natural rubber value chain in 2018, the company has worked with a diverse supply chain to improve the quality of life of growers, including human rights, environmental protection, and transparency, as well as productivity and the quality of the natural rubber produced.
Moreover, for biodiversity management and restoration of the ecosystem, Hankook Tire is carrying out a project to protect endangered species in Daejeon through business agreements with six institutions. The firm also carries out various corporate philanthropic projects to harmoniously coexist with the local community, such as providing housing support for the less privileged and DreamWith project, which is aimed at strengthening local communities.
Hankook Tire’s president and CEO, Hyun Bum Cho, said, “It is such a great honor to be included in the DJSI World – the most influential global index for corporate sustainability and investment – for the fourth consecutive year. I am delighted that our continued efforts to improve sustainability are being recognized globally. We will continue our strong commitment to corporate social responsibility and contribute to the sustainable growth of society.”