NEW YORK — Hankook Tire Co. Ltd. and Nokian Tyres Inc. have been selected for the Dow Jones Sustainability Index (DJSI), an annual sustainability assessment of large publicly traded companies by the Swiss RobecoSAM.
RobecoSAM assesses sustainability in terms of financial, social and environmental criteria, providing investors, customers and employees a description of companies' sustainability work.
Hankook has been included in the DJSI World list for the second consecutive year for its focus on corporate social responsibility (CSR) initatives.
Hankook said it established an integrated CSR management system to promote its multiple corporate social responsibility and established its CSR Vision 2020 Roadmap, which includes mid- and long-term goals in the attempt to move forward from establishing and implementing short-term targets for each year. The roadmap features step-by-step annual implementation goals to improve its viability.
Hankook said it has focused on four goals: gender equality, decent work and economic growth, reduced inequalities and climate action.
"Being included in the DJSI World Class for the second consecutive year is a great honor and proves Hankook Tire's capability as a globally sustainable company," said Mr. Seung Hwa Suh, vice chairman and CEO of Hankook Tire.
"Hankook Tire will not only promise to achieve the CSR Roadmap until 2020, but we will also fulfill our responsibility as a global top-tier company."
Nokian said it significantly improved its results in the 2017 assessment.
"Our employees have done a great job in improving all aspects of sustainability in our company. Our determination to be a sustainability pioneer in the tire industry is demonstrated by our safe and eco-friendly products as well as our inclusion in DJSI World. We are definitely on the right track, and the conditions are great for further improving our operations," said President and CEO Hille Korhonen.
Nokian Tyres' sustainability goals for 2020 include a significant reduction of rolling resistance in the company's products, cutting CO2 emissions from production by 20 percent and auditing all of its natural rubber processors.