Hankook Tire, a leading global tyre company, has established a policy that specifically sets social responsibility of natural rubber value chain. The policy aims to secure economic, social and environmental sustainability of the natural rubber supply value.
With the establishment of a sustainable value chain of natural rubber, a major raw material for tyres, Hankook Tire plans to help improve the overall quality of life of the natural rubber growers, generally smallholders, and to upgrade productivity and quality of natural rubber.
Through the policy, each party of the natural rubber value chain, including growers, dealers, processors and manufacturers are obliged not only to comply with the laws and regulations of the countries in which they operate but also to fulfill their social responsibility in diverse fields such as human rights, environment and management transparency. Hankook Tire will conduct a biennial CSR assessment toward their partners and evaluate their compliance with the policy, the company says in a Press release.