Kumho Tire Co Inc

Sustainability Report

Report overview

The report describes Kumho Tire's record 2023 performance, including KRW 4.0414 trillion in sales revenue and KRW 411 billion in operating profit. It documents a double materiality assessment covering outward impacts on society and the environment and inward financial impacts. The company presents a roadmap to reduce greenhouse gases by approximately 30% by 2030, 70% by 2040 and reach Net-Zero by 2045. It also highlights renewable-energy expansion and the development of tires using 80% sustainable materials.

Document

Report type: Sustainability Report
Class: Dedicated
Scope: Full report
Fiscal year: 2023
Period: 1 January 2023 – 31 December 2023
Publication date: 1 August 2024
Language
Pages
File size
Restatement: Disclosed

Standards & Assurance

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP
Other

Commitments

UN Global Compact
UN Guiding Principles
Science Based Targets initiative

Ratings

GRI level
CDP score

Assurance

Provider
Level
Standard
Scope
Statement included

ESG & Materiality

ESG data

Indicators available in this report:

Scope 1 emissions
Scope 2 emissions
Scope 3 emissions
Energy consumption
Renewable energy
Water consumption
Waste
Employees
Women on the board
Women in management
Workplace fatalities
Net zero target

Materiality

Assessment
Basis

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