- Hankook Tire proves its sustainability by appearing for the second year in a row at the globally renowned Dow Jones Sustainability Index
- The achievement particularly highlights Hankook Tire’s commitment to Supply Chain Management, Corporate Citizenship and Philanthropy, and Climate Strategy.
September 13th, 2017 (Seoul, Korea) – Hankook Tire announced that the company has been included in the Dow Jones Sustainability World Indices (DJSI World) for the second consecutive year, strengthening its status as one of the most sustainable tire companies in the world.
The DJSI, launched in 1999 as a joint product of S&P Dow Jones Indices and RobecoSAM, is the first global index to track financial, environmental, and social influence of global top 2,500 companies in terms of market capitalization. The DJSI is composed of sustainability leaders in each industry group as identified through a corporate sustainability assessment.
Due to Hankook Tire’s continuous effort to improve its sustainability, the company has been included in the DJSI World Class for the second consecutive year. Above all, ever since the inclusion in 2016 world class entry, the company has engaged proactively in CSR with its employees through seven different CSR committees within Hankook Tire.
As a responsible corporate entity, Hankook Tire established Integrated CSR Management System in order to promote its multiple corporate social responsibility (CSR) activities. The CSR Management System is the core of Hankook Tire’s CSR commitments that consist of Strategy Committee where CEO and top management discuss directions of sustainable business strategy and Steering committee, which is comprised of seven committees that carry out sustainable business operation. The committees include Product Environment Committee, EHS-e (Environment, Health & Safety and Energy) Committee, Employee Committee, Ethics Management Committee, Legal Compliance Committee, Corporate Philanthropy Committee as well as Supplier Committee. By the end of 2016, CSR Vision 2020 Roadmap had been set up, which includes mid- and long-term goals in the attempt to move forward from establishing and implementing short-term targets for each year. In particular, this roadmap features step-by-step annual implementation goals to improve its viability.
In line with UN’s Sustainable Development Goals (SDGs), Hankook Tire also plans to fulfill its social responsibilities focusing on four goals: Gender Equality, Decent Work and Economic Growth, Reduced Inequalities, and Climate Action. In 2016, through its officially certified subsidiary company for the disabled, “Hankook Donggeurami Partners Co., Ltd.,” the company expanded the employment rate of the disabled by nearly twice as much as in comparison to 2015, providing indirect employment for people with disabilities. In addition, through Hankook Tire Welfare Foundation founded in 1990, the company has been carrying out charitable activities such as supporting social welfare organizations, medical welfare, children and youth in crisis or from low income families, and employee volunteer activities.
“Being included in the DJSI World Class for the second consecutive year is a great honor and proves Hankook Tire’s capability as a globally sustainable company,” said Mr. Seung Hwa Suh, Vice Chairman and CEO of Hankook Tire. He added, “Hankook Tire will not only promise to achieve the CSR Roadmap until 2020, but we will also fulfill our responsibility as a global top-tier company.”