NEXEN TIRE has once again earned a Gold rating from EcoVadis, positioning the South Korean tyre manufacturer among the top 3% of over 150,000 companies assessed for sustainability performance worldwide. The achievement highlights consistent progress in environmental responsibility, human rights, ethical governance, and sustainable procurement.
The EcoVadis assessment evaluates companies across four categories: Environment, Labour & Human Rights, Ethics, and Sustainable Procurement. NEXEN TIRE showed balanced performance across all areas, with key initiatives contributing to its high score.
In the Environment category, NEXEN TIRE was recognised for its participation in leading sustainability initiatives such as:
▪ The Global Platform for Sustainable Natural Rubber (GPSNR)
▪ UN Global Compact (UNGC)
▪ Science Based Targets initiative (SBTi)
The company also received praise for transparent reporting on greenhouse gas emissions across all scopes and its investment in climate education.
NEXEN TIRE’s alignment with international labour and human rights standards, including frameworks from the UN and ILO, contributed to its strong rating in the Labour & Human Rights category. The company has also introduced internal assessments to identify and mitigate human rights risks in its operations.
In the Ethics category, the company has enhanced internal controls to support risk detection and response. Meanwhile, improvements in sustainable procurement practices, including supplier ESG assessments and audits, further contributed to the overall score.
Commenting on the result, CEO John Bosco (Hyeon Suk) Kim said the Gold rating reflects NEXEN TIRE’s commitment to transparency and responsible business practices across its global operations.
NEXEN TIRE’s continued recognition by EcoVadis signals growing pressure across the tyre industry to formalise ESG reporting and embed sustainability in core operations. With emissions disclosure, ethical sourcing, and supply chain oversight gaining traction globally, tyre manufacturers are increasingly expected to demonstrate verified progress, especially by OEM customers and regulators. The industry-wide shift towards transparent, measurable sustainability is now shaping product development and procurement at every level.
Tagged with: NEXEN TIRE, ESG rating, EcoVadis Gold, tyre industry sustainability, ethical sourcing, sustainable procurement, greenhouse gas emissions, tyre manufacturer ESG, global tyre companies
Disclaimer: This content may include forward-looking statements. Views expressed are not verified or endorsed by Tyre News Media.
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