Hankook & Co Co Ltd – Lobbying Governance & Transparency

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Lobbying Governance

Overall Assessment	Analysis	Score
Strong	Hankook & Co Co Ltd appears to maintain a robust governance process for its climate-related lobbying, with structured internal oversight and clear procedures to ensure alignment between its public advocacy and its climate change strategy. Specifically, external communications or public stances are “reviewed by the ESG Team” and receive “final review by the Chief Administrative Officer before release,” ensuring that “our public positions and activities align with our climate change response strategies.” The company further underscores transparency by making “details of any lobbying activities undertaken … public through our ESG disclosures.” Hankook & Co Co Ltd actively manages both direct lobbying—participating in “public hearings related to climate change” and “presenting its opinions directly to government management agencies”—and indirect lobbying through trade bodies such as “KBCSD” and “WBCSD,” submitting policy comments and engaging with senior officials via structured meetings. However, the company does not disclose a dedicated climate-lobbying alignment audit or third-party review to assess its advocacy, nor does it specify board-level oversight or formal criteria for evaluating or exiting associations that diverge from its climate positions, indicating strong process-oriented governance but limited evidence of comprehensive independent review and senior-level accountability. View Sources	B

Overall Assessment

Analysis

Score

Strong

Hankook & Co Co Ltd appears to maintain a robust governance process for its climate-related lobbying, with structured internal oversight and clear procedures to ensure alignment between its public advocacy and its climate change strategy. Specifically, external communications or public stances are “reviewed by the ESG Team” and receive “final review by the Chief Administrative Officer before release,” ensuring that “our public positions and activities align with our climate change response strategies.” The company further underscores transparency by making “details of any lobbying activities undertaken … public through our ESG disclosures.” Hankook & Co Co Ltd actively manages both direct lobbying—participating in “public hearings related to climate change” and “presenting its opinions directly to government management agencies”—and indirect lobbying through trade bodies such as “KBCSD” and “WBCSD,” submitting policy comments and engaging with senior officials via structured meetings. However, the company does not disclose a dedicated climate-lobbying alignment audit or third-party review to assess its advocacy, nor does it specify board-level oversight or formal criteria for evaluating or exiting associations that diverge from its climate positions, indicating strong process-oriented governance but limited evidence of comprehensive independent review and senior-level accountability.

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Lobbying Transparency

Overall Assessment	Analysis	Score
Limited	Hankook Tire & Technology provides only limited insight into its climate-related lobbying. It identifies one specific policy focus—the Korean Emissions Trading System—describing its long-standing participation and the changes under discussion for the scheme’s fourth planning period, but it does not name any other concrete climate measures it has tried to influence. The company explains a single method of engagement, noting that it submitted recommendations to the Ministry of Environment to address inconsistencies in how carbon-leakage risk is calculated, yet it does not describe any additional channels or targets of advocacy. Correspondingly, the disclosure sets out one desired outcome—more consistent criteria for determining sectors at risk of carbon leakage within the ETS—and offers a rationale for that position, but it does not outline further policy objectives or stances. Because the information is confined to one policy, one mechanism, and one stated objective, the overall transparency of Hankook Tire & Technology’s climate lobbying remains limited.	D