Lotte Shopping
Lotte Shopping Co., Ltd., a prominent player in the retail industry, is headquartered in South Korea (KR) and operates extensively across Asia. Founded in 1998, the company has established itself as a leader in the hypermarket and department store sectors, offering a diverse range of products from groceries to fashion. Lotte Shopping is renowned for its unique blend of quality and affordability, catering to the evolving needs of consumers. With a strong market presence, it has achieved significant milestones, including the expansion of its store formats and the introduction of innovative shopping experiences. The company’s commitment to customer satisfaction and operational excellence has solidified its position as a trusted name in retail, making it a key player in the competitive landscape of the industry.
DitchCarbon Score
How does Lotte Shopping's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Lotte Shopping's score of 33 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lotte Shopping's reported carbon emissions
In 2023, Lotte Shopping reported carbon emissions of approximately 710,209,000 kg CO2e, comprising 96,042,000 kg CO2e from Scope 1 and 614,167,000 kg CO2e from Scope 2 emissions. The company has committed to achieving net-zero emissions across all scopes by 2050, aligning with the Science Based Targets initiative (SBTi). This long-term commitment reflects Lotte Shopping's dedication to reducing its carbon footprint and addressing climate change. Over the years, Lotte Shopping has demonstrated a consistent approach to managing its emissions. For instance, in 2022, the total emissions were about 722,630,000 kg CO2e, with Scope 1 and 2 emissions contributing significantly to this figure. The company has been actively working on its emissions reduction strategies, although specific near-term reduction targets have not been disclosed. Lotte Shopping's emissions data indicates a trend of increasing emissions from 2011 to 2023, with total emissions peaking at approximately 801,340,000 kg CO2e in 2018. The company is a member of the BA1.5 initiative, further showcasing its commitment to climate action within the retail sector. As Lotte Shopping continues to implement its climate commitments, it aims to enhance its sustainability practices and contribute positively to global climate goals.
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| 2011 | 2012 | 2013 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 82,304,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 56,472,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 1,086,997,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Lotte Shopping is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
