Principles - Hankook & Company Official Website

Principles

Hankook & Company follows the ESG principles to fulfill the role of a global
corporate citizen and to pursue continuous growth together with stakeholders.

Goal and Objective: With its foundation on the ESG (Environmental, Social & Corporate Governance) principles, Hankook & Company aims to provide the best values to our stakeholders and fulfill the role of a Corporate Citizen who leads and a sustainable development across all industries.

Creating Values through ESG Activities: Based on the integrated ESG management system, Hankook & Company operates management systems for the health and safety of its employees, eco-friendliness, satisfaction of external stakeholders, value creation in employees, and transparency/ethics. Through candid ESG activities that match global corporate responsibilities and mission, Hankook & Company will grow together with society and increase the value of our business.

Supporting Global Initiative: Hankook & Company acknowledges the increasing influence of corporates over environmental and social issues and supports the global initiative for the corporate social responsibility.

Communication with Stakeholders: Identifying customers, employees, business partners, local communities, nature, ecology, climate, shareholders, and investors as the key stakeholders, Hankook & Company actively creates opportunities for communication by establishing channels for communication with the key stakeholders and by establishing annual communication plans, and applies to future management activities and ESG initiatives. Hankook & Company uses its website and various communication channels, optimized for each stakeholder, to disclose its ESG and management performance and plans in a transparent and faithful manner.

Integrated ESG Management System: In order to promote systematic and enterprise-wide ESG activities, Hankook & Company has formed ESG Strategy Committee, the highest decision-making consultative body at the board and management levels, and operated ESG Steering Committee, an operational and promotive body consisting mainly of executives and staff in charge of various issues, through an integrated management system.

Integrated Risk Management: In addition to ongoing management of financial risks, Hankook & Company strives for systematic management and responses to non-financial risks (e.g., social, environmental, and medical risks). In particular, ESG Focus Areas are defined as risk issues, in which we are making enterprise-wide response efforts with, through the integrated management system of the ESG Steering Committee.

UN SDGs

Hankook & Company strongly supports and engages in UN SDGs (Sustainable Development Goals), an international commitment for the development of sustainable Earth.

Principles - Hankook & Company Official Website

UNGC Principles

Hankook & Company respects and complies with the UN Global Compact’s 10 principles in areas such as human rights, labor, environment, and anti-corruption.

Human
Rights
- <Principle 1> Businesses should support and respect the protection of internationally proclaimed human rights; and
- <Principle 2> make sure that they are not complicit in human rights abuses.
Labor
- <Principle 3> Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
- <Principle 4> the elimination of all forms of forced and compulsory labor;
- <Principle 5> the effective abolition of child labor; and
- <Principle 6> the elimination of discrimination in respect of employment and occupation.
Environment
- <Principle 7> Businesses should support a precautionary approach to environmental challenges;
- <Principle 8> undertake initiatives to promote greater environmental responsibility; and
- <Principle 9> encourage the development and diffusion of environmentally friendly technologies.
Anti-
Corruption
- <Principle 10> Businesses should work against corruption in all its forms, including extortion and bribery.

WBCSD

Hankook & Company is leading the sustainable development of the industry through WBCSD activities.

WBCSD (World Business Council for Sustainable Development) is a global organization consisting global corporates that are working together to accelerate the transition to a sustainable world.

In 2005, eleven internationally leading tire manufacturers, including Hankook & Company, have formed TIP (Tire Industry Project) under WBCSD. The TIP members have engaged in the research on how the raw materials of the tire and the entire process of manufacturing, use, and disposal have on the environment.

GPSNR

Hankook & Company is working hard to improve sustainability in society, economy and environment through the global platform GPSNR.

GPSNR (Global Platform for Sustainable Natural Rubber) is a global platform launched in 2018 by various stakeholders such as NGO and corporates within the value chain of natural rubber. Those in the value chain of natural rubber pursue to fulfill social responsibilities in various areas such as the regulations, human rights, environment, and transparent management within their states.

In particular, Hankook Tire & Technology declares the SNR Policy as a GPSNR Founding Member and will strive to improve the productivity and quality of natural rubber.