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Nexen Tire Releases Second Annual Sustainability Report

The ESG report outlines the company’s sustainable practices including eco-friendly initiatives and win-win management

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Nexen Tire, a leading global tire manufacturer, today released the 2020/21 edition of its ESG Report.

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Following the publication of its first CSR Report (2019/20) last year, Nexen Tire has released its second report, with the commitment of expanding ESG management and becoming a full-fledged customer-oriented organization.

The report documents Nexen Tire’s ESG progress as well as major efforts in the fields of environment, society and governance, providing stakeholders with a range of consistent and transparent information.

It outlines the various eco-friendly management operations conducted by the company to minimize environmental impact, such as reducing pollutant emissions and conducting research and development to manufacture eco-friendly products. The report also includes the community-based ESG programs it is engaged in, and efforts to identify diverse customer demands and reflect them in products.

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“Nexen Tire’s mission is to enrich human lives by creating more opportunities and values through new connections to the world. By building an ESG-oriented management structure, we will continue to fulfill our corporate social responsibilities,” said Travis Kang, Global CEO of Nexen Tire.

The report was prepared in accordance with the GRI Standards, with improved objectivity and reliability by taking into account recommendations from global institutions such as the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD) and was verified by third-party assurance institution Korea Management Register (KMR).

The 2020/21 ESG Report is available for download on the Nexen Tire website at https://www.nexentire.com/international/company/csr_report.

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