Kumho Tire Co Inc

In 2023, the ESG Committee was newly established under the Board of Directors, in order to manage and supervise ESG management at the board level and faithfully reflect environmental, social, and governance perspectives in major decision-making. With the ESG Committee, ESG Management Committee, and 5 Working Groups, we will make swift decisions and implement them on the spot. [...] Centered on the ESG Management Committee under the CEO, 5 Working Groups for each issue are entering the stage of attaining practical performances beyond setting targets and plans. [...] Kumho Tire has established the ESG Management Committee in April 2022 to integrate ESG into company-wide strategies, as a new business standard. The committee consists of 11 members, with the CEO as the chairperson and the heads of all divisions participating as members. The ESG Management Committee identifies significant financial and non-financial risks and discusses preemptive response plans. In addition, the committee makes final decisions with perspective considering ESG issues by reviewing key business opportunities and monitoring related performance. [...] Kumho Tire established the ESG Committee under the board of directors to systematically manage and supervise ESG management at the board level with integrating ESG in important decision-making processes. The ESG Committee is composed of three directors (1 executive and 2 independent directors), and the meeting is held at least once half a year and as needed. The ESG Committee seeks to strategically and systematically manage the environmental, social, and governance sectors. Accordingly we discover and identify various topics and issues related to our ESG management, check the corporate sustainable management strategy and direction, and continuously monitor related performance and risks. In addition, the committee deliberates and decides on ESG management strategies, including the presentation of ESG management strategical directions, managing and monitoring progress on ESG management action tasks, and non-financial risk management.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]As part of company-wide strategies to respond to climate change, Kumho Tire participates in the ETS as well as engages in activities that could influence policy, such as joining in the Korea TCFD Alliance and GPSNR, participation in the UN Global Compact and its climate program, Climate Ambition Accelerator. Kumho Tire has established the ESG Part in the Strategic planning & Innovation Team as an organization in charge of ESG management, and integrated its strategies with ESG including climate issues pursuing the goals of Paris Agreement and stakeholders' demands.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]As part of company-wide strategies to respond to climate change, Kumho Tire participates in the ETS as well as engages in activities that could influence policy, such as joining in the Korea TCFD Alliance and GPSNR, participation in the UN Global Compact and its climate program, Climate Ambition Accelerator, TCFD Supporters. Kumho Tire support has established the ESG Team as an organization in charge of ESG management, and integrated its strategies with ESG including climate issues pursuing the goals of Paris Agreement and stakeholders' demands.