ESG Report 2022-2023 - Flipbook - Page 30
HIGHLIGHTS
INTRO
ESG MANAGEMENT SYSTEM
PRIORITY AREA
APPENDIX
Hankook Tire & Technology ESG Report 2021/22
30
Mitigating GHG Emissions
Low-carbon Management
Hankook Tire & Technology fully joins up with the efforts of
Developing a carbon neutrality roadmap
Disclosing financial information on climate change
In an effort to join in the global effort to respond to the climate
Hankook Tire & Technology has disclosed climate-related
Chongqing Plant in China Recognized as
a National Green Factory
crisis, Hankook Tire & Technology raised the bar even higher
financial information through its ESG reports since 2021 in
Our Chongqing Plant in China earned the National Green
on its long-term goal of reducing Scope 1 & 2 emissions from
accordance with the TCFD (Task force on Climate-related
Factory recognition from the Chinese Ministry of Industry and
‘mitigating total GHG emissions by 50% by 2050 from the 2018
Financial Disclosures) recommendations. Such disclosures
Information Technology. National Green Factories are determined
baseline’ to ‘mitigating GHG emissions by 50% by 2030’ and
include our climate-related risks and opportunities, governance
through the verifications of third-party organizations and
created the ‘2050 carbon neutrality roadmap’ to include Scope
related to identified risks and opportunities, strategies and
through government assessments. Hankook Tire & Technology
3 emissions. We also shared related details at the company-
potential financial impacts, the resilience of organizational
was one of the 662 companies that earned this recognition last
wide level to pique the interest of all our employees to join in on
strategies in consideration of climate change scenarios, risk
year. Our Chongqing Plant was recognized for its achievements
our energy saving activities. Furthermore, respective worksites
management methods, assessment metrics and targets. The
in conserving energy and improving energy efficiency, lowering
and the R&D Center proposed viable energy conservation and
analysis outcomes generated as such will enable us to develop
emissions, and for running an eco-friendly operational system.
improvement solutions and raw material transition plans in
a mid/long-term response to climate change and transform the
Over the past three years, the plant has employed 21 energy-
line with the set reduction goal. We will also share our carbon
crisis of climate change into opportunity.
saving technologies such as using recycled raw materials,
neutrality roadmap with suppliers along the value chain to
(For details on the TCFD, please refer to pp. 61~63 in the
minimizing energy leaks, and choosing renewable energy. Such
reduce GHG emissions. This will ultimately help them establish a
Appendix of the report)
initiatives ultimately resulted in a 5% year-on-year reduction
the global community to counter the climate crisis looming
large and threatening the survival of humanity. The Climate
Change Committee plays a pivotal role in developing systemic
climate change response strategies to integrate into our
business operations. In tandem with this, we are implementing
a wide array of energy savings, including improving equipment
efficiency, optimizing energy use, and opting for renewable
energy, to mitigate the GHG emissions generated from our
operations.
basis for carbon management and for participating in our GHG
in GHG emissions. The plant also created an eco-friendly
emissions reduction activities.
operation and management committee and implemented the
Energy Conservation Target Responsibility System (ECTRS)
which engages all its employees, evolving into an eco-friendly
manufacturing leader.
By
2030
Reduce GHG emissions
by 50%