- Ranked in the top 2% of companies assessed by EcoVadis globally, with balanced performance across all four categories
- Strengthening OE supply competitiveness amid rising ESG requirements from global automakers
SEOUL, South Korea, October 23, 2026 – NEXEN TIRE, a leading global tire manufacturer, announced that it has been ranked in the top 2% of companies assessed worldwide in the 2026 ESG assessment by EcoVadis, a global sustainability rating agency. This marks the third consecutive year the company has received a Gold Medal.
NEXEN TIRE ranked in the top 2% in this year’s assessment, up from the top 3% last year. The company delivered balanced results across all four themes of Environment, Labor and Human Rights, Ethics, and Sustainable Procurement, with the environment theme receiving the highest evaluation.
In the environment theme, NEXEN TIRE was recognized for its environmental management capabilities. The disclosure of greenhouse gas emissions across all scopes and the operation of environmental management systems across its global sites were positively evaluated. NEXEN TIRE has disclosed a target, approved by the Science Based Targets initiative (SBTi), to reduce greenhouse gas emissions (Scope 1 and 2) by 58.8% by 2034, compared with 2023.
In the labor and human rights theme, the expanded scope of labor and human rights management systems across global sites was recognized. In the sustainable procurement theme, the company received a positive evaluation for various activities to build a sustainable supply chain, including the revision of its supplier code of conduct, implementation of supply chain ESG due diligence, and ESG awareness training for procurement staff.
The ethics theme showed the largest improvement among all assessed areas. NEXEN TIRE continues to maintain policies and implementation systems covering anti-corruption, conflict of interest prevention, and information security, and received an improved evaluation this year for the expansion of information security activities across its global sites.
EcoVadis assessments are used by global automakers as a criterion for selecting suppliers. As requirements for ESG performance across the supply chain continue to grow, particularly in Europe, the assessment result is expected to help NEXEN TIRE secure a competitive edge in original equipment (OE) tire supply.
EcoVadis is a global ESG rating agency headquartered in France that assesses corporate sustainability management across four themes: environment, labor and human rights, ethics, and sustainable procurement. Since its establishment in 2007, it has assessed more than 150,000 companies in 185 countries, awarding Platinum (top 1%), Gold (top 5%), Silver (top 15%), and Bronze (top 35%) Medals.
“Maintaining the Gold rating for three consecutive years indicates that our sustainability management system is functioning effectively,” said John Bosco (Hyeon Suk) Kim, CEO of NEXEN TIRE. “We will continue to improve our ESG management practices in a systematic manner and contribute to sustainable mobility.”