Hanon Systems Unveils Ambitious Sustainability Goals in 2024 Report

Hanon Systems' 2024 Sustainability Report: A Commitment to a Greener Future



On June 30, 2025, Hanon Systems, a global leader in automotive thermal management and a subsidiary of Hankook & Company Group, announced the release of its eighth annual Sustainability Report. This year marks the fourth consecutive publication in both Korean and English, demonstrating the company's dedication to transparency and global communication.

Key Highlights of the Report



One of the significant achievements highlighted in the 2024 report is the validation of Hanon Systems’ near-term greenhouse gas (GHG) reduction targets by the Science Based Targets initiative (SBTi). This endorsement aligns with the company’s long-term climate strategy aiming for substantial reductions in carbon emissions across their operations. The report also reflects on the firm’s second consecutive inclusion in the SP Global Sustainability Yearbook, recognizing their longstanding commitment to environmental sustainability.

Hanon Systems has announced ambitious goals as part of their sustainability roadmap, including:
  • - Aiming for a 50% reduction in absolute Scope 1 and Scope 2 emissions by 2030, compared to the 2019 baseline.
  • - Targeting a 55% reduction in Scope 3 emissions from purchased goods and services by 2030.
  • - Striving for carbon neutrality by 2040, aiming to decrease all Scope 1, Scope 2, and Scope 3 emissions by 90%.
  • - Committing to achieving net-zero emissions for all GHG across their value chain by 2050.

Leadership Commitment



Soo Il Lee, Vice Chairman and CEO of Hanon Systems, expressed the company’s dedication to building a sustainable future through continuous innovation and stakeholder value creation. "We are committed to advancing ESG initiatives, developing talent, and strengthening global collaboration to reinforce our position as a leading company in future mobility,” said Lee. This sentiment reflects Hanon Systems’ aspiration to lead the automotive HVAC industry while maintaining a strong focus on sustainability.

The Role of the ESG Committee



Since 2022, the establishment of the ESG Committee has played a pivotal role in managing and overseeing environmental, social, and governance matters. The committee is responsible for approving ESG strategies and implementation plans and defining medium and long-term targets. This structured approach highlights Hanon’s commitment to integrating ESG principles into their business model.

Accessing the Report



The complete 2024 Sustainability Report is available on the Hanon Systems website, emphasizing the company's transparent communication regarding its sustainability efforts and objectives. As an innovative leader in thermal management solutions, the company continues to address the challenges of climate change with actionable and measurable goals.

Conclusion



Hanon Systems’ 2024 Sustainability Report not only details its progress but also reinforces the company's strategic vision for a sustainable future in the automotive industry. With set targets for carbon emissions and a solid governance framework through their ESG Committee, Hanon Systems demonstrates a robust commitment to contributing positively to the environment while advancing in the competitive landscape of automotive technologies.

For more detailed insights, you can view the full report here.

Topics Other)

【About Using Articles】

You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.

【About Links】

Links are free to use.