Hankook Tire & Technology Co Ltd

Common Name
Hankook Tire & Technology
Country
South Korea
Sector
Consumer Cyclical
Industry
Auto Parts
Employees
6,284
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 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)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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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Hankook Tire & Technology’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Hankook Tire & Technology’s data sources below and access millions more through our Disclosure Search.

a. Hankook Tire & Technology's ESG Report 2025
a. Hankook Tire & Technology's ESG Report 2025
b. Hankook Tire & Technology's ESG Report 2022
b. Hankook Tire & Technology's ESG Report 2022

Insights into Hankook Tire & Technology's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Hankook Tire & Technology amounted to 840,914 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 decreased by 23.66%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Hankook Tire & Technology's Scope 1 Emissions Over Time

2018201920202021202220232024075 k150 k225 k300 ktCO2e-6%-10%0%+1%0%-1%
  • Total Scope 1
  • Year-over-Year Change

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

In 2024, the total Scope 1 emissions of Hankook Tire & Technology were 243,616 metric tons of CO₂ equivalent (tCO₂e). a

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

Since 2018, Hankook Tire & Technology's Scope 1 emissions have decreased by 16.63%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

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

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

In 2024, Hankook Tire & Technology reported Scope 2 greenhouse gas (GHG) emissions of 592,431 tCO₂e using the market-based method and 597,298 tCO₂e using the location-based method. a

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

In 2024, Hankook Tire & Technology reported its Scope 2 emissions using the market-based method and using the location-based method. a

Hankook Tire & Technology's Scope 2 Emissions Over Time

20182019202020212022202320240250 k500 k750 k1 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Hankook Tire & Technology's Value Chain Emissions

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

Hankook Tire & Technology's Scope 3 Emissions Over Time

2020202120222023202408 M16 M24 M32 MtCO2e+4%-6%+1%+1%
  • Total Scope 3
  • Year-over-Year Change

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

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

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

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.

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

In 2024, the largest contributors to Hankook Tire & Technology's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 25,727,447 tCO₂e (87.01%)
  • Purchased Goods and Services (Cat. 1): 2,717,292 tCO₂e (9.19%)
  • Upstream Transportation and Distribution (Cat. 4): 524,571 tCO₂e (1.77%)

Hankook Tire & Technology's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(87.0%)Purchased Goods andServices (Cat. 1)(9.2%)UpstreamTransportation andDistribution(Cat. 4)(1.8%)

Insights into Hankook Tire & Technology’s GHG Emissions Intensity Compared to Industry Peers

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

Hankook Tire & Technology's Scope 1 Emissions Intensity Compared to Peers

5002,00020,000200,0001,000,000Scope 1 Emissions (tCO2e)1005005,00020,000100,000Revenues (Millions of USD)FNNTTHSFFFarasis Energy Gan ZhouYear: 2023Scope 1: 4,328 tCO2eRevenue: $M 2,313Scope 1 Intensity: 1.87 tCO2e/$MNNNiterraYear: 2023Scope 1: 48,000 tCO2eRevenue: $M 4,223Scope 1 Intensity: 11.37 tCO2e/$MNSKYear: 2023Scope 1: 102,000 tCO2eRevenue: $M 7,043Scope 1 Intensity: 14.48 tCO2e/$MAAMYear: 2024Scope 1: 91,346 tCO2eRevenue: $M 6,125Scope 1 Intensity: 14.91 tCO2e/$MVisteonYear: 2022Scope 1: 3,940 tCO2eRevenue: $M 3,756Scope 1 Intensity: 1.05 tCO2e/$MCIE AutomotiveYear: 2024Scope 1: 104,709 tCO2eRevenue: $M 4,121Scope 1 Intensity: 25.41 tCO2e/$MMinth GroupYear: 2023Scope 1: 71,571 tCO2eRevenue: $M 3,158Scope 1 Intensity: 22.66 tCO2e/$MJohnson Electric HoldingsYear: 2024Scope 1: 29,471 tCO2eRevenue: $M 29,706Scope 1 Intensity: 0.99 tCO2e/$MNNNOKYear: 2024Scope 1: 57,000 tCO2eRevenue: $M 4,956Scope 1 Intensity: 11.50 tCO2e/$MNingbo Joyson ElectronicYear: 2023Scope 1: 31,781 tCO2eRevenue: $M 7,841Scope 1 Intensity: 4.05 tCO2e/$MTTToyoda GoseiYear: 2022Scope 1: 106,200 tCO2eRevenue: $M 6,804Scope 1 Intensity: 15.61 tCO2e/$MZFYear: 2025Scope 1: 1,763 tCO2eRevenue: $M 444Scope 1 Intensity: 3.97 tCO2e/$MTTTVS HoldingsYear: 2023Scope 1: 19,516 tCO2eRevenue: $M 3,991Scope 1 Intensity: 4.89 tCO2e/$MNexteer Automotive GroupYear: 2024Scope 1: 33,132 tCO2eRevenue: $M 33,302Scope 1 Intensity: 0.99 tCO2e/$MHHHyundai MobisYear: 2023Scope 1: 52,704 tCO2eRevenue: $M 46,370Scope 1 Intensity: 1.14 tCO2e/$MAutolivYear: 2024Scope 1: 75,000 tCO2eRevenue: $M 10,390Scope 1 Intensity: 7.22 tCO2e/$MAdvance Auto PartsYear: 2021Scope 1: 105,649 tCO2eRevenue: $M 10,998Scope 1 Intensity: 9.61 tCO2e/$MHyundai WiaYear: 2023Scope 1: 17,009 tCO2eRevenue: $M 6,723Scope 1 Intensity: 2.53 tCO2e/$MHanon SystemsYear: 2024Scope 1: 52,321 tCO2eRevenue: $M 6,814Scope 1 Intensity: 7.68 tCO2e/$MSchaefflerYear: 2024Scope 1: 194,982 tCO2eRevenue: $M 18,927Scope 1 Intensity: 10.30 tCO2e/$MDanaYear: 2024Scope 1: 134,400 tCO2eRevenue: $M 10,284Scope 1 Intensity: 13.07 tCO2e/$MMabuchi MotorYear: 2023Scope 1: 2,926 tCO2eRevenue: $M 1,263Scope 1 Intensity: 2.32 tCO2e/$MJTEKTYear: 2023Scope 1: 106,000 tCO2eRevenue: $M 12,599Scope 1 Intensity: 8.41 tCO2e/$MSSSumitomo Rubber IndustriesYear: 2023Scope 1: 363,000 tCO2eRevenue: $M 8,325Scope 1 Intensity: 43.60 tCO2e/$MHankook Tire & TechnologyYear: 2024Scope 1: 243,616 tCO2eRevenue: $M 6,414Scope 1 Intensity: 37.98 tCO2e/$M

How does Hankook Tire & Technology's GHG emissions intensity compare to its peers?

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 8.05 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Hankook Tire & Technology rank on GHG emissions intensity within its industry?

In 2024, Hankook Tire & Technology ranked 24 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

Insights into Hankook Tire & Technology's Total Carbon Footprint

In 2024, Hankook Tire & Technology reported a total carbon footprint of 30,410,832 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.36% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Hankook Tire & Technology's total carbon footprint was Scope 3 emissions, accounting for 97.23% of the company's total carbon footprint, followed by Scope 2 emissions at 1.96%. a

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