Lotte
Lotte Co., Ltd., commonly known as Lotte, is a prominent multinational corporation headquartered in Japan. Founded in 1948, Lotte has established itself as a key player in the food and beverage industry, with significant operations across Asia, particularly in South Korea and Japan. The company is renowned for its diverse range of products, including confectionery, snacks, and beverages, with its signature offerings such as Lotte Choco Pie and various ice cream brands setting it apart in the market. Over the decades, Lotte has achieved notable milestones, expanding its portfolio and enhancing its market position as a leader in the confectionery sector. With a commitment to quality and innovation, Lotte continues to captivate consumers, making it a household name in the industry.
DitchCarbon Score
How does Lotte'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 Food Product Manufacturing 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's score of 29 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lotte's reported carbon emissions
In 2023, Lotte's total carbon emissions amounted to approximately 1,051,000,000 kg CO2e, comprising 32,000,000 kg CO2e from Scope 1, 88,000,000 kg CO2e from Scope 2, and a significant 1,018,000,000 kg CO2e from Scope 3 emissions. This data reflects a comprehensive assessment of their emissions across all scopes, indicating a substantial reliance on upstream activities. For the Japan region specifically, Lotte reported total emissions of about 774,000,000 kg CO2e from Scope 3, alongside 26,000,000 kg CO2e from Scope 1 and 70,000,000 kg CO2e from Scope 2, leading to a combined total of approximately 96,000,000 kg CO2e for Scope 1 and 2. Lotte has not disclosed specific reduction targets or initiatives through the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for further commitment to climate action. However, emissions data is cascaded from their parent company, Lotte Co., Ltd., indicating a structured approach to emissions reporting within their corporate family. Overall, Lotte's emissions profile highlights the importance of addressing Scope 3 emissions, which represent the largest portion of their carbon footprint, while also signalling the potential for future climate commitments and reduction strategies.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 34,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 111,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
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 is not participating in any of the initiatives that 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.
