Renewable Energy Transition Goals and Achievements
RE100 is a voluntary commitment by companies to procure 100% of their electricity from renewable energy sources as a key measure to achieve Net-Zero. Kumho Tire has set a goal to achieve RE100 at all its overseas plants by 2038. As part of this effort, the company is actively promoting the installation of solar power facilities at each of its plants.
As of 2023, four out of Kumho Tire’s eight plants have transitioned to renewable energy through the installation of solar power facilities. The Tianjin plant in China has achieved RE23 through on-site PPA* and the purchase of green electricity certificates. Furthermore, in 2024, Kumho Tire is striving to achieve RE100 by 2045, by installing solar power facilities at domestic plants, and introducing various measures such as PPA (Power Purchase Agreement) and REC (Renewable Energy Certificate) at domestic and international plants.
* On-site PPA: A method where renewable energy generation facilities are installed on the roof or unused land of the power consumer, followed by the conclusion of a PPA.
