Hankook Publishes 2022-23 ESG Report
Hankook, the premium tyre manufacturer, has released its 2022/23 Environmental Social Governance (ESG) Report, detailing its sustainability initiatives and strategies for the current year. Notably, the Science Based Targets Initiative (SBTi) has validated Hankook's greenhouse gas emission reduction targets, committing the company to achieve net zero emissions by 2050 according to the SBTi Net Zero standard.
This marks Hankook's 14th ESG Report, following its ESG vision, "Innovation for a Sustainable Future" introduced in 2010. The report encompasses the company's sustainability activities and its medium- and long-term strategies across environmental, social, and governance areas. It places equal emphasis on three key priority areas: Eco Value Chain, Sustainable Product, and Responsible Engagement.
Hankook has been progressively strengthening its commitment to sustainable management, enhancing its ESG management system. This journey began in 2009 with the establishment of a corporate social responsibility (CSR) organisation, followed by the formation of the ESG Strategy Committee and Steering Committee in 2010. In 2018, Hankook initiated a strategic effort to implement sustainable natural rubber policies and promote an eco-friendly circular economy system. By 2021, the company established an ESG Committee within the Board of Directors, and in 2022, it unveiled a Corporate Governance Charter, cementing its commitment to transparent and ethical ESG practices.
Hankook has proactively reduced its greenhouse gas emissions, positioning itself as a leader in constructing an eco-value chain. The company has developed a comprehensive climate change response strategy and incorporated a Climate Change Committee into its management activities. It has also undertaken various energy-saving initiatives, including adopting high-efficiency equipment, optimising energy efficiency, and using renewable energy. These efforts have resulted in a 2.74 percent reduction in greenhouse gas intensity compared to the previous year.
With a firm commitment to addressing climate change, Hankook joined the Science Based Targets Initiative in March 2022 and submitted its greenhouse gas emission reduction targets. These targets align with the latest climate research findings and the goals of the Paris Agreement. By 2030, Hankook aims to achieve a 46.2 percent reduction in total direct and indirect greenhouse gas emissions (Scopes 1 and 2) generated during the production stage, compared to 2019 figures, in compliance with the SBTi validation. Additionally, the company has set a 2030 target to reduce total greenhouse gas emissions generated throughout the value chain (Scope 3) by 27.5% compared to 2019 figures. This recognition by the SBTi signifies Hankook's commitment to achieving net zero emissions by 2050 based on the SBTi Net Zero standard, a responsibility shared by approximately 5,700 companies worldwide.
Hankook is also dedicated to developing eco-friendly tyres using highly functional synthetic rubber, furthering its ESG goal of increasing the use of sustainable raw materials. Recognised for its efforts to achieve carbon neutrality, Hankook has received top ratings from multiple global ESG evaluation agencies.
Moreover, the company is actively engaged in intelligent tyre technology, incorporating sensors in the tread to detect wear and developing airless tyres like the i-Flex. To contribute to a more sustainable future, Hankook is actively involved in establishing a sustainable supply chain, implementing human rights management, promoting employee well-being, and participating in social contribution activities.
Hankook has been included in the Dow Jones Sustainability Indices (DJSI) World, a prestigious sustainability index, for seven consecutive years.
Kumho Tire To Showcase Future Mobility Solutions At The Tire Cologne 2026
- By TT News
- May 27, 2026
Kumho Tire has confirmed its participation at The Tire Cologne 2026, the world’s leading tyre exhibition, taking place in Cologne, Germany, from 9 to 11 June. The South Korean manufacturer will present key products at Hall 6.0, Stand B030 C039, including summer, winter, all-season and truck and bus tyres. The event is the largest and most prestigious global gathering for the tyre industry.
Under the theme ‘Innovation to Build the Future’, Kumho Tire will introduce its latest advancements and intelligent solutions for future mobility. The company aims to demonstrate technological excellence in stability and performance across driving conditions. Featured products include summer tyres such as the ECSTA SPORT S, ECSTA SPORT and ECSTA HS52, along with the winter tyre WinterCRAFT WP52+. Both ECSTA SPORT models are ultra-high-performance tyres gaining strong traction in the European market.
The WinterCRAFT WP52+, developed for European conditions, ranked third out of 51 entries in Auto Bild’s 2025 winter tyre test, earning an ‘Exemplary’ rating. Kumho Tire will also showcase MARSHAL brand products including the MU12, MH15 and MH22. The MU12 delivers stable handling, grip, braking and cornering at high speeds, as MARSHAL strengthens its global position combining performance with value.
Additional displays include the SOLUS HA32, WinterCRAFT ICE WI32, WI52, PorTran 4S CX11 and concept tyres Volume and Origami. Kumho Tire will invite key European customers for business meetings to explore partnerships, aiming to communicate its future vision, deepen engagement and expand its global footprint.
Tony Gangseung Lee, Head of Europe at Kumho Tire, said, “This exhibition presents a valuable opportunity to showcase our key products at the world’s largest tire event. We will leverage this platform to reinforce our position as a sustainable, future-oriented smart mobility partner and accelerate our transformation into a global premium brand.”
JK Tyre Signals Another Price Hike Amid Raw Material Inflation
- By Sharad Matade
- May 27, 2026
JK Tyre & Industries has indicated another 5–6 percent price hike across replacement market product categories due escalating raw material costs continue to pressure margins.
Speaking during the company’s Q4 and FY26 earnings interaction, Chairman and Managing Director Dr Raghupati Singhania said the ongoing West Asia crisis had disrupted global supply chains, resulting in higher crude oil, commodity and logistics costs.
The company expects raw material costs to rise by 15–20 percent in the first quarter of FY27, with crude-linked inputs and rupee depreciation further adding to cost pressures.
“To mitigate raw material price increases and sustain profitability margins, we have started increasing selling prices in a staggered manner,” Singhania said.
He noted that while a 4–5 per cent increase had already been implemented in replacement markets, further hikes of around 5–6 per cent were under consideration. OEM price revisions, however, would follow with a lag due to contractual indexation mechanisms.
Apart from higher raw material costs, the company said export operations had also been affected by disruptions in shipping routes, container shortages and elevated freight charges.
To minimise supply risks, JK Tyre has shifted a part of its sourcing strategy towards eastern markets, including Taiwan, South Korea and China, deploying technical teams to approve alternate raw material supplies more quickly.
Despite near-term cost pressures, the company maintained that underlying demand remains strong and expects healthy growth momentum to continue in FY27, particularly in OEM and replacement tyre segments.
Triangle Tyre Secures CAAC CTSOA Certification For Civil Aviation Radial Tyres
- By TT News
- May 27, 2026
Triangle Tyre has received official certification from the Civil Aviation Administration of China (CAAC) for its newly developed civil aviation radial tyres. The approval, granted on 11 May 2026, followed the product’s successful completion of rigorous technical evaluations and was formalised through the issuance of a Technical Standard Order Authorization, or CTSOA.
This authorisation serves as the CAAC’s formal recognition of a manufacturer’s design and production capabilities for aviation components. Acquiring the CTSOA confirms that Triangle Tyre has met all conformity standards, granting the company the legal right to manufacture and label its certified products with official identification numbers.
The certification applies to four specific tyre part numbers designed for major aircraft platforms, including China’s domestically produced C919 large passenger jet and the Airbus A320. Aviation tyres are considered critical safety components and are subject to some of the most demanding approval processes in the aerospace sector.
To earn the CTSOA, Triangle Tyre’s products underwent extensive on-site oversight and a battery of evaluations, including static load, high-speed rolling and extreme-temperature tests. The company demonstrated exceptional proficiency in materials science, engineering design, manufacturing processes and quality control, all of which were verified by the regulator.
Triangle Tyre began tackling the technical challenges of aviation radial tyres in 2017, aiming to break foreign monopolies. The company has since developed proprietary framework materials, structural designs and production equipment, establishing an independent technology platform and an airworthiness-compliant quality system.
With over 50 years of experience in tyre manufacturing, Triangle Tyre has now reinforced its position in the high-end market. The CTSOA achievement strengthens supply chain security for China’s aviation industry and follows years of collaboration with COMAC, including the 2020 milestone where its tyre became the first domestic civil aviation radial product to pass dynamic simulation testing.
Yokohama ADVAN-Equipped BMW M3 Touring 24H Wins SP-X Class, Finishes Fifth Overall At Nürburgring 24H
- By TT News
- May 27, 2026
The Yokohama Rubber Co., Ltd. has announced that a vehicle equipped with its ADVAN global flagship brand tyres claimed victory in the SP-X class at the ADAC RAVENOL 24h Nürburgring, held in Germany from 14 to 17 May. The car also secured an impressive fifth place overall in the gruelling endurance race.
The winning No 81 BMW M3 Touring 24H, fielded by partner BMW M Motorsport, started from 22nd position before rapidly advancing into the leading pack. Designed as a fan-focused car for the Nürburgring, it shares its technical foundation with the BMW M4 GT3 EVO while retaining the M3 Touring body shell. The team maintained high speeds and error-free driving to finish fifth overall, competing alongside SP9 class leaders.
Two additional ADVAN-equipped cars finished within the top 10 overall. Haupt Racing Team’s No. 67 Ford Mustang GT3 EVO secured eighth place, followed by BMW M Motorsport’s No. 77 BMW M4 GT3 EVO in ninth. These results at one of the world’s most demanding circuits underscore the high performance of Yokohama Rubber’s ADVAN racing tyres.
Beyond the 24-hour race, Yokohama Rubber supplies ADVAN tyres to KONDO RACING and the same three teams competing in this year’s Nürburgring Langstrecken-Serie, which began in March. BMW M Motorsport’s No. 77 already won NLS Round 3 in April, and the company anticipates further victories from its partner teams throughout the season.
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