Skip to main content
Sister Publication Links
  • Rubber & Plastics News
Subscribe
  • My Account
  • LogIn
  • News
  • Technology Focus
    • Features
    • Technical Papers
    • Analysis: Rubber mixing plants of the future
      Analysis: US probes dumping by ESBR suppliers
      Opinion: Tire labels stuck in a rut
      Analysis: NR pricing takes one step forward, two steps back
    • White paper: Role of tire innerliners in improving 'in-use rolling resistance'
      White paper: Why tire air retention matters now more than ever
      Nippon Soda: Use of 1,2-polybutadiene in CSM rubber applications
      Elastomers for Sustainability Top 10
  • Events
    • ERJ Events
    • ERJ Livestreams & Webinars
    • Industry Events
    • Journey to Automation Awards 2020
      Sustainability: Top 10 E4S projects table
  • Maps & Reports
  • People
  • Directory
  • Digital Edition
  • Brainiac
MENU
Breadcrumb
  1. Home
  2. News
November 26, 2020 07:28 AM

Hankook, Nokian, Pirelli earn Dow Jones sustainability honours

Tire Business, a US sister publication of European Rubber Journal
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    New York — Leading tire makers Hankook Tire & Technology Co. Ltd., Nokian Tyres plc and Pirelli & C. SpA are among the companies named to the 2020 Dow Jones Sustainability Index (DJSI), which serves as a benchmark for evaluating a company's sustainability.

    Launched in 1999, the DJSI tracks the stock performance of the world's leading companies in terms of economic, environmental and social criteria. The annual analysis covers more than 7,300 companies and about 95% of the capitalisation of the global market.

    This year's DJSI World list included 323 companies, which accounts for 12.7% among the top 2,540 global companies

    Finland's Nokian Tyres scored a perfect 100 on the index's ‘product quality & recall management’, ‘environmental reporting’, ‘environmental policy & management’ and ‘social reporting’ categories. This is the fourth consecutive year Nokian has made the DJSI. It also earned a spot on the "more strictly defined" DJSI Europe index.

    "We are proud to show leadership in sustainability and to receive this acknowledgement," president and CEO Jukka Moisio said, adding that in the past six years, Nokian Tyres has cut CO2 emissions from production by 44% and reduced the rolling resistance of Nokian tires by 8% on average, which equals to the exhaust fumes of 65,000 cars annually.

    This past May 2020, Nokian became the first tire company to have its Science Based Targets for decreasing CO2 emissions officially approved.

    Pirelli earned a score of 84, compared with the ‘automobiles & components’ sector average of 35.

    "The confirmation of Pirelli's world leadership on the Dow Jones indices acknowledges once again the value of integrating sustainability into our company's development strategy," Marco Tronchetti Provera, executive vice chairman and CEO, said.

    For South Korea's Hankook Tire, this is its fifth straight year in the DJSI World ranking and it has the distinction of being the only Asian company in the auto components industry to be listed.

    Hankook said it was recognised for its excellence in areas of social contribution and supply-chain management. Hankook has set up seven specialized corporate-social responsibility committees through which the company is sharing the vision of sustainability with all employees in order to further improve CSR initiatives on a companywide level.

    Among CSR projects that Hankook has launched is an endangered species protection project in Daejeon, South Korea, to support biodiversity management and ecosystem restoration.
     

    RECOMMENDED FOR YOU
    Tatneft unveils €112m expansion at Kama Tyres plant
    Tatneft unveils €112m expansion at Kama Tyres plant
    Air France, Michelin extend come-fly-with-me deal
    Air France, Michelin extend come-fly-with-me deal
    DKT IRC organisers line up symposium in lieu of postponed event 
    DKT IRC organisers line up symposium in lieu of postponed event 
    Free Newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Get the latest news impacting the European rubber industry, from breaking news to razor-sharp analysis, in print and online.

    Subscribe now
    Connect with Us
    • LinkedIn
    • Twitter
    • Youtube

    Logo
    Contact Us

    @ 2019 European Rubber Journal. All rights reserved.
    Contact Us European Rubber Journal, Crain Communication LTD, Ground Floor 11 Ironmonger Lane, London EC2V 8EY, UK

    Customer Service:
    1-313-446-0450

    Resources
    • About us
    • Contact Us
    • Staff
    • Advertise with Us
    • Media Kit
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
    • Technology Focus
      • Features
      • Technical Papers
    • Events
      • ERJ Events
      • ERJ Livestreams & Webinars
      • Industry Events
    • Maps & Reports
    • People
    • Directory
    • Digital Edition
    • Brainiac