Latest news with #HanonSystems
Yahoo
3 days ago
- Business
- Yahoo
Hanon Systems Releases 2024 Sustainability Report
Key highlights include SBTi validation of carbon emission reduction targets and recognition in S&P Global's 2025 Sustainability Yearbook Eighth consecutive sustainability report, fourth report published in both Korean and English SEOUL, South Korea, June 30, 2025 /PRNewswire/ -- Hanon Systems (KS:018880), a leading global automotive thermal management supplier and subsidiary of Hankook & Company Group, is pleased to announce the release of its eighth annual sustainability report, published in both Korean and English for the fourth consecutive year. The 2024 report highlights continued progress in environmental, social, and governance (ESG) performance, including the formal approval of the company's near-term 2030 greenhouse gas (GHG) reduction goals and 2050 net-zero target by the Science Based Targets initiative (SBTi), along with its second consecutive inclusion in the S&P Global Sustainability Yearbook. As part of its long-term climate change strategy, Hanon Systems aims to reduce absolute Scope 1 and Scope 2 emissions by 50% and Scope 3 emissions from purchased good and services by 55% per ton of purchased raw material by 2030, compared to the 2019 baseline. By 2040, the company aims to achieve carbon neutrality by reducing absolute Scope 1, Scope 2, and Scope 3 emissions by 90%. And by 2050, Hanon Systems commits to reach net-zero for all greenhouse gas emissions across the value chain. "We are dedicated to building a sustainable future, driven by continuous technological innovation and a strong commitment to creating value for our customers and shareholders," said Soo Il Lee, Vice Chairman and CEO of Hanon Systems. "We remain committed to advancing ESG initiatives, developing talent, and strengthening global collaboration to reinforce our position as a leading company in future mobility." Since 2022, the company's ESG Committee has been responsible for establishing, managing and overseeing environmental, social and governance matters. The committee approves ESG strategies and implementation plans, and defines mid- to long-term targets. View the report on the company's website here. About Hanon Systems Hanon Systems, founded in 1986, is a global leader in thermal management solutions. In January 2025, it became a subsidiary of Hankook & Company Group. Its offering includes a wide range of solutions in the areas of heating, ventilation and air conditioning (HVAC), powertrain cooling, compressor, fluid transport, and electronics and fluid pressure. The company currently operates 50 manufacturing sites and three regional innovation centers and employs more than 20,000 people across 21 countries. To learn more, visit Follow Hanon Systems:LinkedIn: View original content to download multimedia: SOURCE Hanon Systems Sign in to access your portfolio
Korea Herald
3 days ago
- Automotive
- Korea Herald
Hanon Systems Releases 2024 Sustainability Report
SEOUL, South Korea, June 30, 2025 /PRNewswire/ -- Hanon Systems (KS:018880), a leading global automotive thermal management supplier and subsidiary of Hankook & Company Group, is pleased to announce the release of its eighth annual sustainability report, published in both Korean and English for the fourth consecutive year. The 2024 report highlights continued progress in environmental, social, and governance (ESG) performance, including the formal approval of the company's near-term 2030 greenhouse gas (GHG) reduction goals and 2050 net-zero target by the Science Based Targets initiative (SBTi), along with its second consecutive inclusion in the S&P Global Sustainability Yearbook. As part of its long-term climate change strategy, Hanon Systems aims to reduce absolute Scope 1 and Scope 2 emissions by 50% and Scope 3 emissions from purchased good and services by 55% per ton of purchased raw material by 2030, compared to the 2019 baseline. By 2040, the company aims to achieve carbon neutrality by reducing absolute Scope 1, Scope 2, and Scope 3 emissions by 90%. And by 2050, Hanon Systems commits to reach net-zero for all greenhouse gas emissions across the value chain. "We are dedicated to building a sustainable future, driven by continuous technological innovation and a strong commitment to creating value for our customers and shareholders," said Soo Il Lee, Vice Chairman and CEO of Hanon Systems. "We remain committed to advancing ESG initiatives, developing talent, and strengthening global collaboration to reinforce our position as a leading company in future mobility." Since 2022, the company's ESG Committee has been responsible for establishing, managing and overseeing environmental, social and governance matters. The committee approves ESG strategies and implementation plans, and defines mid- to long-term targets. View the report on the company's website here. About Hanon Systems Hanon Systems, founded in 1986, is a global leader in thermal management solutions. In January 2025, it became a subsidiary of Hankook & Company Group. Its offering includes a wide range of solutions in the areas of heating, ventilation and air conditioning (HVAC), powertrain cooling, compressor, fluid transport, and electronics and fluid pressure. The company currently operates 50 manufacturing sites and three regional innovation centers and employs more than 20,000 people across 21 countries. To learn more, visit
Yahoo
16-04-2025
- Automotive
- Yahoo
Hanon Systems Wins Third PACE Award for Visible-Light LED Photocatalyst Technology
Hanon Systems recognized with its third PACE Award win, this time for visible-light LED photocatalyst technology that enhances in-vehicle air quality The technology demonstrates 98.5% virus sterilization efficiency and 97.5% in gas deodorization, and is applied in premium sedans The company reaffirms its commitment to pioneering innovative technologies for a more comfortable and healthier driving environment SEOUL, South Korea, April 16, 2025 /PRNewswire/ -- Hanon Systems, a leading global automotive thermal management supplier and subsidiary of Hankook & Company Group, has been named a winner of the 2025 PACE Awards. This marks the company's third win, making it the first Korean supplier to achieve this recognition. The award was presented at a ceremony on April 15 (local time) in Detroit, Mich., recognizing Hanon Systems for its visible-light LED photocatalyst technology, which enhances antimicrobial and deodorizing performance in HVAC systems. This innovative solution effectively eliminates harmful gases, odors, and microorganisms that enter the vehicle from both internal and external sources. Unlike conventional ionizers, it operates without generating electromagnetic waves or ozone, providing a safer and more effective approach to improving in-cabin air quality. Testing by external institutions demonstrated a virus sterilization rate of 98.5%, a significant improvement from the 66.1% measured from previous solutions. The deodorization performance also improved from the previous 35% to 97.5%, nearly a threefold increase. The technology is semi-permanent, requiring no replacement. It is currently applied in Hyundai's flagship sedan, the G90, and is now being considered for potential implementation by global OEMs. This award adds to Hanon Systems' long-standing track record of innovation. The company was a finalist in 2016 for its UV photocatalyst technology, also aimed at improving air quality. The current solution builds on that earlier work by overcoming limitations, ensuring the technology is harmless to humans, and offering potential applications beyond the automotive sector, including indoor climate systems. "For 30 years, the PACE program has celebrated cutting-edge innovations that have shaped the automotive industry on a global level," said Jamie Butters, executive editor of Automotive News. "The companies on this year's list have pioneered significant technologies that will continue to propel the industry forward. "This award is global recognition of Hanon Systems' differentiated technological competitiveness," said Mr. Soo-Il Lee, President and CEO of Hanon Systems. "We remain committed to developing advanced technologies that go beyond comfort to deliver enhanced well-being and redefine the driving experience." This marks Hanon Systems' third PACE Award win. The company first won in 2007 for its wavy blade fan and shroud, becoming the first Asian supplier to be honored. It won again in 2013 for its metal seal fitting. The PACE Awards, organized annually by Automotive News, recognize outstanding innovation, technological advancement, and business performance in the global automotive industry. This year marks the 30th anniversary of the prestigious program. About Hanon SystemsHanon Systems, founded in 1986, is a global leader in thermal energy management solutions. In January 2025, it became a subsidiary of Hankook & Company Group. Its offering includes a wide range of solutions in the areas of heating, ventilation and air conditioning, powertrain cooling, compressor, fluid transport, and electronics and fluid pressure. The company currently operates 50 manufacturing sites and three regional innovation centers and employs more than 20,000 people across 21 countries. To learn more, visit Follow Hanon Systems:LinkedIn: YouTube: View original content to download multimedia: SOURCE Hanon Systems Sign in to access your portfolio
Yahoo
16-04-2025
- Automotive
- Yahoo
Hanon Systems Wins Third PACE Award for Visible-Light LED Photocatalyst Technology
Hanon Systems recognized with its third PACE Award win, this time for visible-light LED photocatalyst technology that enhances in-vehicle air quality The technology demonstrates 98.5% virus sterilization efficiency and 97.5% in gas deodorization, and is applied in premium sedans The company reaffirms its commitment to pioneering innovative technologies for a more comfortable and healthier driving environment SEOUL, South Korea, April 16, 2025 /PRNewswire/ -- Hanon Systems, a leading global automotive thermal management supplier and subsidiary of Hankook & Company Group, has been named a winner of the 2025 PACE Awards. This marks the company's third win, making it the first Korean supplier to achieve this recognition. The award was presented at a ceremony on April 15 (local time) in Detroit, Mich., recognizing Hanon Systems for its visible-light LED photocatalyst technology, which enhances antimicrobial and deodorizing performance in HVAC systems. This innovative solution effectively eliminates harmful gases, odors, and microorganisms that enter the vehicle from both internal and external sources. Unlike conventional ionizers, it operates without generating electromagnetic waves or ozone, providing a safer and more effective approach to improving in-cabin air quality. Testing by external institutions demonstrated a virus sterilization rate of 98.5%, a significant improvement from the 66.1% measured from previous solutions. The deodorization performance also improved from the previous 35% to 97.5%, nearly a threefold increase. The technology is semi-permanent, requiring no replacement. It is currently applied in Hyundai's flagship sedan, the G90, and is now being considered for potential implementation by global OEMs. This award adds to Hanon Systems' long-standing track record of innovation. The company was a finalist in 2016 for its UV photocatalyst technology, also aimed at improving air quality. The current solution builds on that earlier work by overcoming limitations, ensuring the technology is harmless to humans, and offering potential applications beyond the automotive sector, including indoor climate systems. "For 30 years, the PACE program has celebrated cutting-edge innovations that have shaped the automotive industry on a global level," said Jamie Butters, executive editor of Automotive News. "The companies on this year's list have pioneered significant technologies that will continue to propel the industry forward. "This award is global recognition of Hanon Systems' differentiated technological competitiveness," said Mr. Soo-Il Lee, President and CEO of Hanon Systems. "We remain committed to developing advanced technologies that go beyond comfort to deliver enhanced well-being and redefine the driving experience." This marks Hanon Systems' third PACE Award win. The company first won in 2007 for its wavy blade fan and shroud, becoming the first Asian supplier to be honored. It won again in 2013 for its metal seal fitting. The PACE Awards, organized annually by Automotive News, recognize outstanding innovation, technological advancement, and business performance in the global automotive industry. This year marks the 30th anniversary of the prestigious program. About Hanon SystemsHanon Systems, founded in 1986, is a global leader in thermal energy management solutions. In January 2025, it became a subsidiary of Hankook & Company Group. Its offering includes a wide range of solutions in the areas of heating, ventilation and air conditioning, powertrain cooling, compressor, fluid transport, and electronics and fluid pressure. The company currently operates 50 manufacturing sites and three regional innovation centers and employs more than 20,000 people across 21 countries. To learn more, visit Follow Hanon Systems:LinkedIn: YouTube: View original content to download multimedia: SOURCE Hanon Systems Sign in to access your portfolio
Yahoo
13-02-2025
- Automotive
- Yahoo
Hanon Systems Included in S&P Global's 2025 Sustainability Yearbook
SEOUL, South Korea, Feb. 13, 2025 /PRNewswire/ -- Hanon Systems (KS:018880), a leading global automotive thermal management supplier, has been included in the S&P Global Sustainability Yearbook for the second consecutive year. The 2025 S&P Global Sustainability Yearbook features companies that score within the top 15% of their industry, and achieve a S&P Global Sustainability Score within 30% of the industry's top-performing companies. 7,690 companies from 62 industries were evaluated in the 2024 Corporate Sustainability Assessment, and Hanon Systems ranks as a 2025 yearbook member out of 12 companies in the Auto Components category. "Building on my ESG experience at Hankook Tire & Technology, I aim to further advance sustainable management at Hanon Systems," said Soo Il Lee, CEO and vice chairman of Hanon Systems. "We will continue to strengthen collaboration with various stakeholders to improve our ESG performance across the company and strive to become a global ESG leader." Hanon Systems has been publishing annual sustainability reports since 2017 and established an ESG Committee in 2022 to ensure systematic and proactive ESG management. The company aims to achieve short-term greenhouse gas reductions by 2030, net zero by 2050, and reduce absolute emissions of scope 1, 2, and 3 by 90% by 2040. Additionally, the Science Based Targets (SBTi) initiative has approved these targets in 2024. About Hanon Systems Hanon Systems, founded in 1986, is a global leader in thermal energy management solutions. In January 2025, it became a subsidiary of Hankook & Company Group. Its offering includes a wide range of solutions in the areas of heating, ventilation and air conditioning, powertrain cooling, compressor, fluid transport, and electronics and fluid pressure. The company currently operates 50 manufacturing sites and three regional innovation centers and employs more than 20,000 people across 21 countries. To learn more, visit Follow Hanon Systems: LinkedIn: YouTube: View original content to download multimedia: SOURCE Hanon Systems Sign in to access your portfolio
