Hankook was awarded the “S&P Global Gold Class” by US financial services provider S&P Global in its Sustainability Yearbook 2022.
Hankook Achieves the Highest Possible Rating
For this year’s edition, 7,554 companies from 61 industries were evaluated. Seventy-five companies received gold, eighty-nine received silver and one hundred and six received bronze awards for outstanding achievement. The award underlines Hankook’s ongoing commitment to sustainable practices and ESG Management (Environmental, Social and Corporate Governance). A recently announced project to support Indonesian natural rubber producers exemplifies the company’s activities.
S&P Global awards the Gold Class to only the top one per cent of companies assessed, and besides Hankook, only one other automotive supplier is among them. Hankook was recognised as the top performer in the sector, achieving the best rating with 78 out of 100 points. 2021 marked the sixth consecutive time the tyre maker appeared in the Dow Jones World Sustainability Index, which underlines the company’s leadership position in (ESG).
Hankook established an organisation dedicated to CSR (Corporate Social Responsibility) more than ten years ago. Last year, Hankook established a new ESG committee within the board to strengthen ESG management. Through eight subcommittees, the company engages all employees in its vision of sustainability, improving its performance in this area. The company has set challenging goals and cooperates with stakeholders, resulting in a variety of activities that contribute real value to society.