ESG Report 2022-2023 - Flipbook - Page 63
HIGHLIGHTS
INTRO
ESG MANAGEMENT SYSTEM
PRIORITY AREA
APPENDIX
Hankook Tire & Technology ESG Report 2021/22
Risk Management
Metrics and Targets
Disclose how the organization identifies, assesses, and manages climate-related risks
Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material
a) Describe the organization’s processes for identifying and assessing climate-related
risks
b) Describe the organization’s processes for managing climate-related risks
c) Describe how processes for identifying, assessing, and managing climate-related
a) Disclose the metrics used by the organization to assess climate-related risks and
opportunities and performance against targets
- We use Scope 1, Scope 2 and Scope 3 emissions in absolute value (tCO2-eq) as
- Climate-related target: Reduce Scope 1&2 emissions (tCO2-eq) by 50% by 2030 and
metrics.
by 100% by 2050 from the 2018 baseline
- 2021 performance against targets: Reduced Scope 1 & 2 emissions by 13% from
b) Disclose Scope 1, Scope 2 and if appropriate, Scope 3 greenhouse gas(GHG)
which consist of the ESG Strategy Committee and eight Steering Committees.
emissions and the related risks
The ESG Strategy Committee serves as a process to report annual ESG issues
- We have successfully lowered our scope 1 & 2 emissions through our efforts to
with the attendance of the CEO and other senior executive members. In 2022,
the Committee shared information on the importance of Scope 3 emissions
management in achieving carbon neutrality, climate technology investment trends,
and ESG investments and opportunity costs and consulted on measures to address
these issues.
- The Climate Change Committee and the Product Environment Committee meet
quarterly to monitor climate-related risks and opportunities stemming from
manufacturing and products, and reflect relevant issues in our operations. These
Steering Committees have been deliberating on and preparing for agendas of
sustainable material development and product life cycle assessments for the past
several years, which enabled our prompt response to the recent surge in demand
from our external stakeholders for climate action.
c) Describe the targets used by the organization to manage climate-related risks and
opportunities in line with its strategy and risk management process
risks are integrated into the organization’s overall risk management
- Hankook Tire & Technology has been operating ESG Committees since 2010,
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the 2018 baseline
※ For detailed reduction activities in 2021, please refer to pages 30~31 and page 53 of this report.
improve energy efficiency and pursue energy transition. Meanwhile, reducing the
GHG emissions generated from raw material sourcing, which accounts for the largest
share of the Scope 3 emissions, will incur greater investments in cost, time and
effort, as it demands we opt for sustainable materials and necessitates us to assist
material suppliers in reducing their own Scope 1 & 2 emissions. Any immediate gains
are yet to be readily feasible; it will require concerted effort with our suppliers to
respond to climate-related risks.
- Scope 1 emissions in 2021: 240,785 tCO2-eq
- Scope 2 emissions in 2021: 863,370 tCO2-eq
→ Scope 1 & 2 emissions in 2021: 1,104,155 tCO2-eq
- Scope 3 emissions in 2020: 29,624,108 tCO2
(Scope of calculation: Including 1, 2, 3, 4, 5, 8, 11, 12, 15 Scope 3 emissions categories)
GHG Emissions over the Past 5 Years (unit: tCO2-eq)
1,229,918
1,283,394
1,219,910
1,136,878
1,104,155
2019
2020
2019
2020
2021