Hankook Tire & Technology Co., Ltd. is a leading tire manufacturer based in South Korea. The company was founded in 1941 and has since grown to become one of the largest tire manufacturers in the world. Hankook Tire is committed to sustainability and has implemented various initiatives to reduce its carbon footprint and promote renewable energy.
Decarbonisation is a key focus area for Hankook Tire. The company has set a target to reduce its greenhouse gas emissions by 50% by 2050 compared to 2018 levels. To achieve this goal, Hankook Tire has implemented various measures to improve energy efficiency and reduce emissions. For example, the company has invested in energy-efficient equipment and processes, and has implemented a waste heat recovery system at its manufacturing plants.
Corporate energy is another area of focus for Hankook Tire. The company has implemented a range of measures to reduce energy consumption and promote renewable energy. For example, Hankook Tire has installed solar panels at its manufacturing plants to generate renewable energy. The company has also implemented energy-saving measures such as LED lighting and energy-efficient HVAC systems.
Corporate power purchase agreements (PPAs) are another way that Hankook Tire is promoting renewable energy. A PPA is a contract between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy at a fixed price over a set period of time. Hankook Tire has signed several PPAs to purchase renewable energy from wind and solar power providers. These agreements not only help to promote renewable energy, but also provide Hankook Tire with a stable and predictable source of energy.
Renewable energy is a key focus area for Hankook Tire. The company has set a target to increase the use of renewable energy to 10% of its total energy consumption by 2025. To achieve this goal, Hankook Tire has implemented various initiatives to promote renewable energy. In addition to installing solar panels and signing PPAs, the company has also invested in research and development of new technologies to improve the efficiency and effectiveness of renewable energy systems.
In conclusion, Hankook Tire & Technology Co., Ltd. is a leading tire manufacturer based in South Korea that is committed to sustainability. The company has implemented various initiatives to reduce its carbon footprint and promote renewable energy. Decarbonisation, corporate energy, corporate PPAs, and renewable energy are all key focus areas for Hankook Tire. The company has set ambitious targets to reduce its greenhouse gas emissions and increase the use of renewable energy, and is actively working towards achieving these goals.