Tyre maker Hankook is again featured in the world-renowned Dow Jones Sustainability Index World. The DJSI World recognises Hankook’s sustainability management commitment, especially in the areas of Social Contribution and Supply Chain Management. Hankook has been included in the DJSI World since 2016, and is the only Asian company in the automotive supply industry to have been recognised in 2020.
Hankook Recognised for Sustainability Management in DJSI World
Hankook is listed in the Dow Jones Sustainability Index (DJSI) World for the fifth consecutive year. The DJSI tracks the stock performance of the world’s leading companies in terms of economic, environmental, and social criteria. The indices then serve as a benchmark for evaluating a company’s sustainability. The DJSI World is composed of corporate leaders in global sustainability and represents the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index based on long-term economic and ESG-factors (Environment, Social, Corporate Governance).
This year’s DJSI World list included 323 companies, representing 12.7% of the top 2,540 global corporations. 17 Korean companies are featured, with Hankook being the only Asian-based company in the automotive supply industry. It is the fifth consecutive year that Hankook has been selected in the index, demonstrating the tyre maker’s consistent world-class expertise in sustainable management and its pioneering role in leading the industry into the future.
This year, the DJSI World honours Hankook’s excellence in the areas of social contribution and supply chain management. Hankook has set up seven specialised CSR committees to share its sustainability vision with all employees, to further improve its CSR initiatives on a company-wide level. In addition, the company encourages each committee to set the bar high and collaborate with various stakeholders to carry out CSR activities which can have a significant impact on society.
One of the CSR projects that Hankook has launched aims to protect endangered species in the Daejeon province (location of R&D and production in Korea) supporting biodiversity management and ecosystem restoration. The tyre maker also demonstrates its commitment to supporting local communities by providing housing and social support for vulnerable families.
Hankook also adopted specific policies in 2018 to ensure economic, environmental, and social sustainability in the natural rubber value chain. The company works closely with stakeholders along the supply chain to improve the living and working conditions of farmers. Hankook also guarantees the productivity and quality of natural rubber to fuel progress towards human rights and environmental protection as well as to improve transparency.
In addition to the efforts recognised by the DJSI World, Hankook received the gold medal at the 2020 Galaxy Awards in the category “Annual Reports – Online” for its CSR Report 2019-20. The Galaxy Awards are an international marketing competition organised by U.S. based MerComm Inc. and honour excellence in marketing communications.