Hankook and Nokian Are Selected for Dow Jones Sustainability Index
Hankook Tire Co. Ltd. and Nokian Tyres plc have been named to the Dow Jones Sustainability World Index (DJSI World).
The DJSI is an annual sustainability assessment of large publicly traded companies by Swiss RobecoSam AG, a Swiss-based international investment company with a focus on sustainability investments. RobecoSam assesses sustainability in terms of financial, social and environmental criteria. The DJSI, launched in 1999 as a joint product of S&P Dow Jones Indices and RobecoSam, tracks financial, environmental, and social influence of the top 2,500 global companies in terms of market capitalization.
This is the second consecutive year for Hankook to be included in the DJSI World ranking. The company says the achievement highlights its commitment to supply chain management, corporate citizenship and philanthropy, and climate strategy.
Since the inclusion in the 2016 ranking, the company says it has engaged proactively in corporate social responsibility (CSR) with its employees through seven CSR committees.
The committees are Product Environment Committee, EHS-e (Environment, Health & Safety and Energy) Committee, Employee Committee, Ethics Management Committee, Legal Compliance Committee, Corporate Philanthropy Committee, and Supplier Committee. By the end of 2016, Hankook 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. In particular, this roadmap features step-by-step annual implementation goals to improve its viability.
“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,” says Mr. Seung Hwa Suh, vice chairman and CEO. “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.”
With a total sustainability score nearly twice as high as the industry average, Nokian Tyres says it significantly improved its results in the 2017 assessment. Nokian Tyres’ score of 78 points was only one point behind the industry’s best company globally, according to the company.
“Our employees have done a great job in improving all aspects of sustainability in our company,” says President and CEO Hille Korhonen.
“Our determination to be a sustainability pioneer in the tyre 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.”
Nokian says it has worked in the long term in order to develop corporate social responsibility regarding its products, the company’s operations and the entire tyre industry. Since 2012, the company has published sustainability reports in line with the international Global Reporting Initiative (GRI) guidelines. Nokian Tyres’ concrete sustainability goals for 2020 include, among other things, significant reduction of rolling resistance in the company’s products, cutting CO2 emissions from production by 20% and auditing all of its natural rubber processors. The company intends to continue its efforts in all areas of sustainability.