Mobility project (vehicle sharing, tire sharing, Tium Bus)
Responsible Engagement
We participate responsibly with the various stakeholders of Hankook Tire & Technology. We deeply care about our employees to create values for them and engage in the activities to manage a sustainable supply chain. In addition, Hankook Tire & Technology unfolds the social contribution activities for mutual growth with the local community in a wide variety of fields, and communicates with the stakeholders in each value chain for mutual growth.
Valuable Supply Chain
SNR (Sustainable Natural Rubber) activities
Hankook Tire & technology provided formic acid to help small natural rubber farms in Indonesia, together with natural rubber processors, to improve the quality of natural rubber and prevent environmental pollution. Natural rubber is manufactured by coagulating latex collected from rubber trees, and farms use formic acid to reduce the time it takes for coagulation. If small farms use other types of acids that are relatively cheaper than formic acid, the quality of their natural rubber will invariably experience a decline, the water may become polluted, and the workers’ health may be adversely affected. Therefore, Hankook Tire & Technology provided formic acid which is comparatively safer as it exists naturally in the venom glands of ants or bees and wasps, nettles, and pine trees, thereby contributing to the production of 1,500 tons of natural rubber.
Hankook Tire & Technology has announced a partnership with the largest tire distributor in the UK to apply blockchain for purchasing sustainable natural rubber with a tracked supply, manufacturing, the sales history of natural rubber, and the manufacturing of tires with them. Any proceeds earned from selling “Project Tree” tires will be used for sustainable activities, such as purchasing farming tools, providing necessary education, and paying incentives, for small farms, rubber tappers, and local merchants who provide their valuable assistance to record the transactions and obtain traceability.
Percentage of suppliers that have received an ESG evaluation for the last 3 years
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72.3 % 2018
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72.8 % 2019
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94 % 2020
Acquisition of the human rights management and diversity
Subsidiary-type standard workplace for disabled people
Status of various employees (The total number of employees: 19,900)
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146 people with disabilities have been hired
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9.7 % Female workforce
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15.5 % Female leaders (senior staff or higher)