Hankook Tire & Technology Co Ltd

Common Name
Hankook Tire & Technology
Country
South Korea
Sector
Consumer Cyclical
Industry
Auto Parts
Employees
6,282
Ticker
161390
Exchange
KOREA EXCHANGE
Description
Hankook Tire & Technology Co., Ltd. is a South Korean multinational company renowned for its comprehensive production of tires. As one of the leading tire manufacturers in the world, Hankook specializ...

Hankook Tire & Technology's GHG Emissions Data Preview

In 2023, Hankook Tire & Technology completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Hankook Tire & Technology has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Hankook Tire & Technology's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Hankook Tire & Technology amounted to 1,101,599 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Hankook Tire & Technology decreased by 4.45%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Hankook Tire & Technology's Scope 1 Emissions Over Time

201820192020202120222023075 k150 k225 k300 ktCO2e-6%-10%0%+1%0%
  • Total Scope 1
  • Year-over-Year Change

What are Hankook Tire & Technology's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Hankook Tire & Technology were 247,224 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Hankook Tire & Technology reduced its Scope 1 emissions over time?

Since 2018, Hankook Tire & Technology's Scope 1 emissions have decreased by 15.4%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Hankook Tire & Technology's Scope 1 emissions remained relatively stable, indicating that Hankook Tire & Technology's emissions have plateaued with no significant change in its operational footprint.

What are Hankook Tire & Technology's Scope 2 emissions?

In 2023, Hankook Tire & Technology reported Scope 2 greenhouse gas (GHG) emissions of 854,375 tCOâ‚‚e without specifying the calculation method.

Has Hankook Tire & Technology reduced its Scope 2 emissions over time?

Since 2018, Hankook Tire & Technology's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 13.8%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Hankook Tire & Technology's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Hankook Tire & Technology 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Hankook Tire & Technology use for Scope 2 reporting?

In 2023, Hankook Tire & Technology reported its Scope 2 emissions using an unspecified methodology.

Hankook Tire & Technology's Scope 2 Emissions Over Time

2018201920202021202220230250 k500 k750 k1 MtCO2e
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Hankook Tire & Technology's Value Chain Emissions

In 2023, Hankook Tire & Technology reported 29,418,944 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Hankook Tire & Technology includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Hankook Tire & Technology's Scope 3 Emissions Over Time

202020212022202308 M16 M24 M32 MtCO2e+4%-6%+1%
  • Total Scope 3
  • Year-over-Year Change

What are Hankook Tire & Technology's Scope 3 emissions?

In 2023, Hankook Tire & Technology reported total Scope 3 emissions of 29,418,944 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 12.02% of these emissions originated from upstream activities such as purchased goods and capital goods, while 87.98% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), Hankook Tire & Technology's Scope 3 emissions remained relatively stable, indicating that Hankook Tire & Technology 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Hankook Tire & Technology disclose?

In 2023, Hankook Tire & Technology reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Hankook Tire & Technology's Scope 3 emissions?

In 2023, the largest contributors to Hankook Tire & Technology's Scope 3 emissions were:

  • Use of Sold Products (Cat. 11): 25,825,175 tCOâ‚‚e (87.78%)
  • Purchased Goods and Services (Cat. 1): 2,581,936 tCOâ‚‚e (8.78%)
  • Upstream Transportation and Distribution (Cat. 4): 504,126 tCOâ‚‚e (1.71%)

Hankook Tire & Technology's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(87.8%)Purchased Goods andServices (Cat. 1)(8.8%)UpstreamTransportation andDistribution(Cat. 4)(1.7%)

Insights into Hankook Tire & Technology's Total Carbon Footprint

In 2023, Hankook Tire & Technology reported a total carbon footprint of 30,520,543 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.87% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Hankook Tire & Technology's total carbon footprint was Scope 3 emissions, accounting for 96.39% of the company's total carbon footprint, followed by Scope 2 emissions at 2.8%.