Hankook Tire has announced the establishment of a corporate governance charter to enhance transparent ESG management and to lay the groundwork for the company’s sustainable business. The company said in a statement that the charter was approved at the board meeting held on May 9. 

The corporate governance charter will ensure professionalism and independence of the board and promote the rights and interests of all stakeholders including shareholders, consumers, and members. It contains regulations on the rights and responsibilities of shareholders, roles and operations of the board, a structure of audit institutions, protection of rights of stakeholders, and disclosure. The content will be accessible to all shareholders on Hankook Tire’s official website as well as on Korea’s Financial Supervisory Service’s (FSS) Data Analysis, Retrieval and Transfer System (DART), the release said. 

Last July, the ESG committee was launched within the board of directors to strengthen the company’s ESG management strategies and activities. Currently, five operating units are affiliated within the board including the ESG committee, audit committee, outside director nomination committee, sustainable management committee, and internal transaction committee. 

The company said in an effort to enhance the expertise and function of the board, the committee has been set to consist of three or more directors, with a majority of its members from outside the board. In the case of the ESG committee, Mira Lee, a female leader with extensive experience in corporate governance practices from global companies such as General Electric (GE) and Macquarie Group, was selected as the first chairman. The committee, including the chairperson, is consisted of seven inside and outside directors. 

Sooil Lee, President and CEO of Hankook Tire & Technology, said, “Hankook Tire has met many milestones in fulfilling its responsibilities and roles as a top-tier ESG company, and is saving no efforts to reach sustainable growth in areas of economy, environment, and society. Following the enactment of the charter, Hankook Tire plans to establish sound governance with objectivity and transparency, and strengthen its ESG leadership.” 

Hankook has been improving its ESG capabilities by not only setting up the ESG committee but also by sharing its vision of sustainability and publishing its annual ESG Report since 2010, the release pointed out. Hankook earned the highest score in the auto components group in the Dow Jones Sustainability Indices (DJSI) World, and was included in the DJSI World for the past six years starting from 2016, it added. (TT)

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The Yokohama Rubber Co., Ltd., in collaboration with the Surat Thani branch of the Rubber Authority of Thailand (RAOT), hosted an educational seminar for natural rubber farmers in June 2026. The event took place in Surat Thani province, where the company’s local processing subsidiary, Y.T. Rubber Co., Ltd., (YTRC) is based. Fifty farm households participated in the session, which represented the 11th such gathering since the programme began in 2020. Following the lectures, Yokohama Rubber distributed fertiliser, developed with RAOT’s technical input, to all attendees at no cost.

This initiative stems from a Memorandum of Understanding signed between Yokohama Rubber and the RAOT in January 2020, aimed at providing economic assistance to Thai growers and improving supply chain traceability. The seminar forms a core component of the company’s farmer-support activities under that agreement, organised regularly through the local YTRC office to ensure alignment with Yokohama Rubber’s sustainable procurement policy.

The curriculum covered soil nutrition, proper fertilisation methods, contamination prevention, workplace safety, health management and farm operations. Guest representatives from local government agencies, the police and a regional hospital delivered presentations on legal employment practices, human rights protections for foreign and ethnic minority workers, transportation safety and occupational health measures to prevent tapping-related injuries.

Participant feedback from post-event questionnaires indicated heightened awareness of systematic cultivation techniques and quality assurance. Farmers acknowledged previously haphazard fertilisation practices and gained a clearer understanding of contamination risks through direct engagement with the processing subsidiary. Several attendees expressed intentions to share their newfound knowledge with tappers, while others voiced appreciation for a tire manufacturer’s grassroots involvement, thereby deepening mutual trust. As a founding member of the Global Platform for Sustainable Natural Rubber (GPSNR), Yokohama Rubber continues to implement its revised procurement policy supporting small-scale suppliers. The company remains committed to publishing further initiatives under its sustainability motto, ‘Caring for the Future’, addressing social challenges through business operations.

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Tegeta Green Planet, in collaboration with Shine Energy, recently conducted an educational initiative at Gergeti School for students in grades 8 through 10. The session was designed to foster awareness about sustainable development among the younger generation.

The programme, titled ‘A Sustainable Future: Environment, Transport and Energy’, centred on the impact of daily human activities on the planet. Discussions emphasised the critical need for proper waste segregation, resource conservation and the adoption of renewable energy sources to mitigate environmental degradation.

A significant portion of the event focused on the hazardous nature of waste tyres, used oils and batteries. Students were informed about the severe consequences of improper disposal, including contamination of natural resources, and were shown how recycling can recover valuable materials. The concept of Extended Producer Responsibility was also introduced, highlighting the legal and ethical duties of manufacturers and importers to manage their products' lifecycle. Tegeta Green Planet’s role in assisting companies with these obligations was a key point of the presentation.

The interactive session encouraged active participation through group discussions and practical exercises. Students collaborated to solve environmental challenges, reinforcing their learning through real-world applications. All attendees received certificates and gifts at the conclusion of the event. This visit is part of a broader, ongoing effort by both organisations to promote responsible consumption and environmental stewardship in educational settings, aiming to empower students to make informed, sustainable choices in their everyday lives.

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Sri Trang Agro-Industry Public Company Limited (STA), the world's largest fully integrated natural rubber enterprise and a leading Thai rubber glove manufacturer, has announced a significant strategic diversification through its subsidiary, Sri Trang Rubber and Plantation Company Limited. The new initiative, named the ‘Sri Trang Palm Growing a Sustainable Future’ project, represents a major step in bolstering the group's long-term business resilience and expanding its operational portfolio.

The project entails a substantial investment exceeding THB 60 million (approximately USD 1.80 million) to pilot oil palm cultivation across a total of 1,461 rai of land, which will accommodate approximately 28,072 trees. These planting areas are strategically located across five key provinces, including Chonburi, Rayong, Sa Kaeo, Surat Thani and Songkhla. The group is implementing its Asset Optimisation strategy, integrating modern agricultural technologies and adhering to its core ESG principles to guide the project's development, with the first harvest anticipated to commence by 2029.

This foray into the palm oil sector is designed to strengthen the Sri Trang Group’s overall business capabilities and enhance portfolio resilience, laying a robust foundation for sustainable long-term expansion. The initiative seeks to maximise the use of existing resources and operational networks while capitalising on new business opportunities, all while maintaining a strong commitment to community, social and environmental responsibility.

A formal kick-off event was held on 19 June 2026, in Sadao District, Songkhla Province, to mark the project's official commencement. The ceremony saw the active participation of company executives and employees, who together planted the first palm tree, symbolising the group's dedication to building a sustainable new venture and generating lasting value for both society and the environment.

Veerasith Sinchareonkul, Chief Executive Officer, Sri Trang Agro-Industry Public Company Limited, said, “The ‘Sri Trang Palm Growing a Sustainable Future’ project reflects the Group’s commitment to leveraging organisational potential and optimising the use of the Group’s resources, based on the Asset Optimisation concept. This involves developing the Group’s land to create long-term added value while growing responsibly alongside our communities and creating lasting value for society and the environment. For Sri Trang, this project is not just about expanding into a new cash crop but a significant step in creating shared value for all sectors. It promotes employment, creates jobs, supports the local economy and lays the foundation for stable and sustainable growth in the future. The palm trees planted through this initiative symbolise the Group’s intention to grow alongside the community and pass on a sustainable future to society in the long term.”

Udom Pruksanusak, Chief Executive Officer (Plantation), Sri Trang Rubber & Plantation Company Limited, said, “Sri Trang prioritises a systematic approach to developing its palm oil business, from site selection and the use of quality seedlings to plantation planning and modern agricultural management. In the first phase of planting, the largest proportion of the initial investment has been allocated to Songkhla Province, accounting for 43 percent of the total planting area, as it is suitable in terms of climate conditions, rainfall patterns, infrastructure readiness and connection to the Group's operational and logistics network, which will help maximise the efficiency of plantation management.

“In addition, the project operates under the ESG principles, focusing on sustainable land management, soil and water conservation and the application of technology and innovation, such as geographic information system (GIS), drone technology for agricultural operations, digital field monitoring systems and data-driven decision-making, to maximise operational efficiency, reduce environmental impact and support the sustainable development of surrounding communities. The Group expects to begin commercial harvesting within approximately three years, or around 2029, and will closely monitor the growth trends of the palm trees, the productivity of the selected palm varieties and the overall performance in order to consider development guidelines and opportunities for further expansion of planting areas.”

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Maxion Wheels has graduated the first Indian cohort of its Formare vocational education programme and launched a second intake, marking the expansion of the initiative into Asia.

The programme, introduced in India in 2024 through a partnership between the Iochpe Foundation of Brazil and Savitribai Phule Pune University (SPPU), combines classroom education with practical manufacturing training for students from underprivileged communities.

Twenty-six students enrolled in the inaugural cohort, with 23 completing the programme and receiving a diploma in Manufacturing Technology. Those who continue for a third year at SPPU will be eligible for a university graduation certificate.

According to Maxion Wheels, 87 percent of the graduates will begin their professional careers at the company's Pune operations.

"The graduation of our first Formare class in India is a proud and meaningful achievement, both for our students and for Maxion Wheels," said Sutheep Ratnabhas, President of Maxion Wheels' Asia Business Unit. "This programme reflects our belief that investing in education and skills development can transform lives while strengthening our communities and our business. We are especially encouraged and fortunate to see these young professionals beginning their careers with us."

The company also inaugurated the programme's second cohort, comprising 27 students, including six women, who account for 22 percent of the intake.

The ceremony at SPPU was attended by Mark Sinar, Vice President, Global Human Resources and Safety & Sustainability at Maxion Wheels, Rahul Vaidya, Managing Director of Kalyani Maxion Wheels, university representatives and the families of graduating and incoming students.

Graduates described the programme's impact on their personal and professional development.

"Formare has given me the confidence, skills, and opportunity to build a better future for myself and my family," said Aman Mulla. "I am proud to start my career with Maxion Wheels and excited for what lies ahead."

Abha Kamble said: "This programme opened doors I never thought possible. The combination of learning and hands-on experience has prepared us for real-world challenges."

Originally established by Brazil's Iochpe Foundation, the Formare programme has operated for more than three decades and has trained more than 28,000 young people. Maxion Wheels said it plans to introduce the programme in Türkiye later this year.

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