Response to Climate Change

Response to Climate Change

Since participating in the greenhouse gas reduction project for the first time in the tire industry in 2007, Kumho Tire has been continuing efforts to respond to the global environmental crisis. We have established a system to respond to climate change in 2022 in order to reduce greenhouse gas emission more systematically, and we plan to improve existing manufacturing processes and facility systems to mitigate negative environmental impacts from business.

Carbon Neutrality 2045 Declaration

Kumho Tire has declared Carbon Neutrality 2045 based on the consensus of the management in order to actively participate in the transition to a carbon-neutral era. We are establishing carbon neutrality strategies to be able to respond fully to carbon neutrality, and we plan to systematically calculate and to manage emissions from business sites home and abroad (Scope 1, 2) as well as our supply chain (Scope 3).

Carbon Neutrality 2045 Road Map
Carbon Neutrality 2045 Road Map Carbon Neutrality 2045 Road Map
23.6% Reduction in 2030, 67.9% Reduction in 2040,, Carbon Neutrality in 2045,
  1. 1) Emission during tire use (while driving the vehicle)(C11)
  2. 2) Other indirect emissions excluding C11 such as raw materials, transport, and product disposal

Joining the SBTi

SBTi

Kumho Tire has adopted the SBTi (Science Based Targets initiative) standard in establishing greenhouse gas reduction targets. By joining SBTi in July 2022, we have set a carbon-neutral target according to an internationally recognized standard meeting the 1.5℃ scenario, and we plan to submit a reduction plan in 2023 to get the target approved.

Carbon Neutrality 2045 Road Map

Category ‘22~’23 ‘24~’30 ‘31~’45
GOVERNANCE
  • Building a governance structure for climate action
  • Establishing strategies for climate action
  • Building a performance measurement system to manage employees’ achievement on climate action
  • Tracking climate action performances and improving the monitoring system
EMISSIONS MANAGEMENT
  • Establishing GHG Inventory (Scope 1, 2, 3)
  • Establishing and carrying out GHG reduction plans for each production plant
  • Expanding renewable energy usage in the plants
  • Integrating ESG indicators to the supplier evaluation system
  • Implementing and analyzing the LCA (Life Cycle Assessment)
  • Transporting to pollution-free vehicles and sustainable maritime shipping
  • Increasing the use of sustainable raw materials
  • Expanding the development of eco-friendly tires
  • Expanding eco-friendly certified products
  • Establishing ELT (End-of-Life Tire) management system
  • Encouraging and supporting suppliers for climate actions
  • Implementing carbon absorption / offsetting
  • Fuel switching for lower emissions
  • Using 100% sustainable raw materials
  • Establishing a circular economy business model
INITIATIVE
  • Joining the SBTi (Science-Based Target Initiative) and setting GHG reduction target
  • Participating in the CDP Climate Change and Water Security
  • Implementing biodiversity conservation activities
  • SBTi Target submission and approval
  • Committing to ESG relevant initiatives
  • Expanding biodiversity activities
  • Reviewing the progress and align action plans to the SBTi target
Category ‘22~’23
GOVERNANCE
  • Building a governance structure for climate action
  • Establishing strategies for climate action
EMISSIONS MANAGEMENT
  • Establishing GHG Inventory (Scope 1, 2, 3)
  • Establishing and carrying out GHG reduction plans for each production plant
  • Expanding renewable energy usage in the plants
  • Integrating ESG indicators to the supplier evaluation system
  • Implementing and analyzing the LCA (Life Cycle Assessment)
INITIATIVE
  • Joining the SBTi (Science-Based Target Initiative) and setting GHG reduction target
  • Participating in the CDP Climate Change and Water Security
  • Implementing biodiversity conservation activities
Category ‘24~’30
GOVERNANCE
  • Building a performance measurement system to manage employees’ achievement on climate action
EMISSIONS MANAGEMENT
  • Transporting to pollution-free vehicles and sustainable maritime shipping
  • Increasing the use of sustainable raw materials
  • Expanding the development of eco-friendly tires
  • Expanding eco-friendly certified products
  • Establishing ELT (End-of-Life Tire) management system
  • Encouraging and supporting suppliers for climate actions
INITIATIVE
  • SBTi Target submission and approval
  • Committing to ESG relevant initiatives
  • Expanding biodiversity activities
Category ‘31~’45
GOVERNANCE
  • Tracking climate action performances and improving the monitoring system
EMISSIONS MANAGEMENT
  • Implementing carbon absorption / offsetting
  • Fuel switching for lower emissions
  • Using 100% sustainable raw materials
  • Establishing a circular economy business model
INITIATIVE
  • Reviewing the progress and align action plans to the SBTi target

CDP Response

Kumho Tire CDP(Carbon Disclosure Project) 2023 Climate Change
Kumho Tire CDP(Carbon Disclosure Project) 2022 Climate Change
Kumho Tire CDP(Carbon Disclosure Project) 2023 Water Security