In 2024, 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 243,616a | 247,224a | 248,404a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 865,598a | 854,375a | 904,461a | |
Total Scope 3 | 29,569,918a | 29,418,944a | 29,104,680a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 37.9815a | 35.3385a | 37.294a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Hankook Tire & Technology amounted to 1,109,214 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Hankook Tire & Technology increased by 0.69%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Hankook Tire & Technology were 243,616 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Hankook Tire & Technology's Scope 1 emissions have decreased by 10.85%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Hankook Tire & Technology's Scope 1 emissions decreased by 1.46%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Hankook Tire & Technology reported Scope 2 greenhouse gas (GHG) emissions of 865,598 tCO₂e without specifying the calculation method.a
Since 2019, Hankook Tire & Technology's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 11.71%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), 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.a
In 2024, Hankook Tire & Technology reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Hankook Tire & Technology reported 29,569,918 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 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 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Hankook Tire & Technology reported total Scope 3 emissions of 29,569,918 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 12.68% of these emissions originated from upstream activities such as purchased goods and capital goods, while 87.32% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), 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.a
In 2024, Hankook Tire & Technology reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Hankook Tire & Technology's Scope 3 emissions were:a
In 2024, Hankook Tire & Technology reported Scope 1 greenhouse gas (GHG) emissions of 243,616 tCO₂e and total revenues of USD 6,414 millions. This translates into an emissions intensity of 37.98 tCO₂e per millions USD.a
In 2024, Hankook Tire & Technology reported a Scope 1 emissions intensity of 37.98 tCO₂e per millions USD. Compared to the peer group median of 7.35, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Hankook Tire & Technology ranked 21 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Hankook Tire & Technology among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Hankook Tire & Technology reported a total carbon footprint of 30,679,132 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.52% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Hankook Tire & Technology's total carbon footprint was Scope 3 emissions, accounting for 96.38% of the company's total carbon footprint, followed by Scope 2 emissions at 2.82%.a