Press Release

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Hankook wins platinum medal from EcoVadis for CSR Engagement

Tyre manufacturer Hankook received the highest honour from the internationally renowned rating agency EcoVadis for its CSR initiatives and its efforts in sustainability. EcoVadis, who offers the most reliable sustainability ratings in the world, rewards Hankook for its social responsibility.

Seoul, Korea / Neu-Isenburg, Germany, June 9, 2020 – Global leading premium tyre maker Hankook has been awarded a platinum medal by EcoVadis, one of the highest recognition for achievements in the field of Corporate Social Responsibility (CSR). The medal is only awarded to companies that are in the top 1% of their industry sector.

EcoVadis is an international institute based in France that offers reliable ratings in the field of social responsibility. The ratings are divided into four topic areas: environment, labour and human rights, ethics and sustainable procurement. The institute assesses around 6,500 companies from 160 countries around the world and enjoys great trust among European car manufacturers. The medals range from platinum, gold, silver to bronze.

Tyre manufacturer Hankook was honoured with the platinum medal for its clear CSR objectives, its participation in various sustainability initiatives and its CSR-related policies. The company's particularly ambitious goals include the use of 100% sustainable materials and a 50% reduction in greenhouse gas emissions by 2050 compared to 2018. The company also participates in sustainability initiatives with the United Nations Global Compact (UNGC) and promotes CSR-related policies such as the Sustainable Natural Rubber Policy. This puts Hankook in the top 1% of 353 companies that manufacture rubber products worldwide in the CSR field.

Last year, Hankook received the gold medal from EcoVadis, which honours the best 5% of companies. Following the introduction of the Platinum Medal this year to honour the best 1% companies, the award has enabled Hankook to position itself once again as a leading company and to clarify its position in the ranking. Hankook has again proved itself to be a top-tier global company that executes sustainable business practices based on its continued and strengthened commitment to sustainability.

"Hankook is honoured to be, once again, recognized by EcoVadis. We believe this is a statement to our efforts in building a sustainable ecosystem for the industry as well as our pursuit of being socially responsible in every aspect of the business," says Sanghoon Lee, President of Hankook Tire Europe. "We take great pride in our sustainability initiatives, and will continue our commitment to make the world that we live in a better place."

Hankook continues to expand its expertise in the field of sustainability management to a top global level to secure growth and leadership position in the future. Hankook has been systemically driving not only financial performances but also its social contribution and the implementation of environment-friendly management. As a result, Hankook has been included in the Dow Jones Sustainability Indices World (DJSI World) for four consecutive years since 2016. In 2019, Hankook was the only Asian company in the automotive supply industry to be listed in the DJSI World.

Hankook Tire manufactures globally innovative, award winning radial tyres of proven superior quality for passenger cars, light trucks, SUVs, RVs, trucks, and buses as well as motorsports (circuit racing/rallies).

Aspiring to bring consumers the utmost excellence in product quality, technological excellence and driving satisfaction, Hankook Tire continuously invests in research and development maintaining five R&D centres and eight production facilities around the world. Bespoke tyre solutions for the European markets as well as European Original Equipment according to the requirements of leading premium car manufacturers, are developed in the company’s regional Technical Centre in Hanover/Germany. Production for the European region is taking place in the state-of-the-art manufacturing site in Rácalmás/Hungary which was inaugurated in June 2007 and is continuously being expanded. Currently around 3,000 employees produce up to 19 million tyres a year for passenger cars, SUVs and light trucks.

Hankook Tire’s European headquarters are located in Neu-Isenburg near Frankfurt am Main in Germany. The manufacturer operates further branches in Czech Republic, France, Germany, Hungary, Italy, the Netherlands, Austria, Poland, Russia, Serbia, Spain, Sweden, Turkey, UK and Ukraine. Hankook products are sold directly through regional distributors in other local markets. Hankook Tire employs approximately 20,000 people worldwide and are selling their products in over 180 countries. Internationally leading car manufacturers rely on tyres made by Hankook for their original equipment. Approximately 34 percent of the company's global sales are generated within the European and CIS-Region. Hankook Tire has been represented in the renowned Dow Jones Sustainability Index World (DJSI World) since 2016.

For more information please visit www.hankooktire-mediacenter.com or www.hankooktire.com


Hankook Tire Europe GmbH | Corporate Communications Europe/CIS | Siemensstr. 14, 63263 Neu-Isenburg | Germany

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Felix Kinzer

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Phone: +49 (0) 6102 8149-170

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Global leading premium tyre maker Hankook has been awarded a platinum medal by Ecovadis, one of the highest recognition for achievements in the field of Corporate Social Responsibility (CSR).

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