Hankook Tire has been included in the Dow Jones Sustainability World Index (DJSI World) for the second consecutive year, strengthening its status as one of the most sustainable tire companies in the world.
The DJSI, launched in 1999 as a joint product of S&P Dow Jones Indices and RobecoSAM, is the first global index to track financial, environmental and social influence of the top 2,500 global companies in terms of market capitalization. The DJSI is composed of sustainability leaders in each industry group as identified through a corporate sustainability assessment.
Due to Hankook Tire’s continuous efforts to improve sustainability, the company has been included in the DJSI World Class for the second consecutive year. Since the inclusion in the 2016 world class entry, the company has engaged proactively in CSR with its employees through seven different corporate social responsibility (CSR) committees within Hankook Tire.
As a responsible corporate entity, Hankook Tire established an integrated CSR management System to promote its multiple CSR activities. The CSR management system is the core of Hankook Tire’s CSR commitment that consists of a strategy committee, whereby Hankook Tire’s CEO and top management discuss the company’s sustainable business strategy, and the steering committee, which is comprised of seven committees that carry out sustainable business operations. The committees include the product environment committee, EHS-e (Environment, Health & Safety and Energy) committee, employee committee, ethics management committee, legal compliance committee, corporate philanthropy committee and supplier committee. By the end of 2016, Hankook established its CSR Vision 2020 Roadmap, which includes mid- and long-term goals in the attempt to move forward from establishing and implementing short-term targets for each year. In particular, this roadmap features step-by-step annual implementation goals to improve its viability.
In line with U.N.’s Sustainable Development Goals (SDGs), Hankook Tire also plans to fulfill its social responsibilities focusing on four goals: gender equality, decent work and economic growth, reduced inequalities and climate action. In 2016, through its certified subsidiary company for the disabled, “Hankook Donggeurami Partners Co.” the company nearly doubled the employment rate of the disabled from 2015, providing indirect employment for people with disabilities. In addition, through the Hankook Tire Welfare Foundation, founded in 1990, the company has been carrying out charitable activities such as supporting social welfare organizations, medical welfare, children and youth in crisis or from low-income families and employee volunteer activities.
“Being included in the DJSI World Index for the second consecutive year is a great honor and proves Hankook Tire’s capability as a globally sustainable company,” said Seung Hwa Suh, vice chairman and CEO of Hankook Tire. “Hankook Tire will not only promise to achieve the CSR Roadmap until 2020, but we will also fulfill our responsibility as a global top-tier company.”