Hanon Systems Achievements in Sustainability
Hanon Systems (KS:018880), a prominent player in global automotive thermal management, has proudly earned a spot in the S&P Global Sustainability Yearbook for 2025, marking its second consecutive inclusion. This prestigious recognition showcases the commitment of Hanon Systems to sustainability and corporate responsibility, positioning it alongside other top performers in the industry.
Criteria for Inclusion in the Yearbook
The 2025 edition brings together companies that excel in sustainability practices, reflecting a score within the top 15% of their industry and achieving an S&P Global Sustainability Score that is within 30% of leading companies. An impressive 7,690 firms across 62 industries were thoroughly evaluated in the latest Corporate Sustainability Assessment, with Hanon Systems emerging as a distinguished member from the Auto Components sector.
Leadership Commitment to ESG Initiatives
Soo Il Lee, the CEO and vice chairman of Hanon Systems, expressed his dedication to enhancing the company's sustainable management practices. Drawing from his extensive experience in Environmental, Social, and Governance (ESG) initiatives at Hankook Tire & Technology, he stated, "We will continue to strengthen collaboration with various stakeholders to improve our ESG performance across the company and strive to become a global ESG leader." This ongoing commitment demonstrates the company's strategic focus on sustainability.
Hanon's Sustainability Goals
Since 2017, Hanon Systems has taken proactive steps in their sustainability journey by publishing annual sustainability reports. The establishment of an ESG Committee in 2022 symbolizes their dedication to systematic and robust management of ESG factors. The company has set ambitious targets, aiming to reduce greenhouse gas emissions significantly by 2030 and achieve net zero emissions by 2050. Additionally, Hanon Systems commits to a remarkable 90% reduction in scope 1, 2, and 3 emissions by 2040, with these goals approved by the Science Based Targets initiative (SBTi) in 2024.
Company Overview
Founded in 1986, Hanon Systems is a global leader in thermal energy management solutions, boasting a substantial portfolio of services including heating, ventilation, and air conditioning (HVAC), powertrain cooling, fluid transport, and associated electronics. As of January 2025, the company has become an integral part of Hankook & Company Group, further enhancing its capabilities and market reach. Hanon Systems operates through 50 manufacturing facilities and three innovation centers worldwide, employing more than 20,000 committed individuals across 21 countries.
Connect with Hanon Systems
Discover more about the innovative solutions offered by Hanon Systems by visiting their official page. Engage with the company on professional networks to stay updated on their contributions to sustainability and technology advancements.
Frequently Asked Questions
What is the significance of Hanon Systems' inclusion in the S&P Global Sustainability Yearbook?
Being included indicates that Hanon Systems ranks among the top 15% of performance in sustainability within its industry, highlighting its commitment to eco-friendly practices.
What are Hanon Systems' sustainability goals?
Hanon Systems aims for significant greenhouse gas emission reductions by 2030, achieving net zero emissions by 2050, and a 90% cut in emissions by 2040.
When did Hanon Systems establish an ESG Committee?
The ESG Committee was established in 2022 to lead the company's systematic approach to sustainability and ESG management.
How many employees does Hanon Systems have globally?
Hanon Systems employs over 20,000 individuals across 21 countries, enhancing its ability to innovate and deliver sustainable solutions.
Where can I find more information about Hanon Systems?
More information is available on their official website, where you can also follow them on professional networks for updates on their sustainability efforts.
