Kumho Tire Co Inc 2021 AR2
The report highlights Kumho Tire's business performance and ESG initiatives for the fiscal year 2021. The company introduced a Tire Digital Twin System using big data and AI to optimize tire development and reduce development time. Despite a 20% increase in sales to KRW 2,601.2 billion, profitability was impacted by rising raw material and shipping costs. On the ESG front, Kumho Tire received an AA rating from MSCI and a B+ from KCGS, reflecting its commitment to climate change mitigation, workplace safety, and sustainable supply chain management.
Company: Kumho Tire Co Inc
Sector: Consumer Discretionary
Country: South Korea
Year: 2021
Type: AR2
Pages: 38
Kumho Tire Co Inc
Annual Report
The report highlights Kumho Tire's business performance and ESG initiatives for the fiscal year 2021. The company introduced a Tire Digital Twin System using big data and AI to optimize tire development and reduce development time. Despite a 20% increase in sales to KRW 2,601.2 billion, profitability was impacted by rising raw material and shipping costs. On the ESG front, Kumho Tire received an AA rating from MSCI and a B+ from KCGS, reflecting its commitment to climate change mitigation, workplace safety, and sustainable supply chain management.
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Document Details
Report Year
2021
Reporting Period
2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
No data available