LG Energy Solution
LG Energy Solution, a leading player in the energy storage industry, is headquartered in South Korea (KR) and operates extensively across Asia, Europe, and North America. Founded in 2020, the company emerged from LG Chem's battery division, marking a significant milestone in the evolution of energy solutions. Specialising in advanced lithium-ion batteries, LG Energy Solution provides innovative products for electric vehicles, renewable energy storage, and consumer electronics. Their commitment to sustainability and cutting-edge technology sets them apart in a competitive market. With a strong market position, LG Energy Solution has achieved notable recognition for its high-performance batteries, contributing to the global transition towards cleaner energy. The company continues to lead the way in energy innovation, driving advancements that support a sustainable future.
DitchCarbon Score
How does LG Energy Solution'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 Electricity from Other Sources 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
LG Energy Solution's score of 40 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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LG Energy Solution's reported carbon emissions
In 2023, LG Energy Solution reported total carbon emissions of approximately 1,493,430,000 kg CO2e, comprising 287,493,000 kg CO2e from Scope 1 and 1,205,937,000 kg CO2e from Scope 2 emissions. This reflects a slight decrease in Scope 1 emissions compared to 2022, where they were about 306,029,000 kg CO2e. The company has not disclosed specific targets for reducing emissions, nor does it appear to have set Science-Based Targets Initiative (SBTi) reduction targets. In 2022, the total emissions were approximately 1,501,618,000 kg CO2e, with Scope 1 emissions at 306,029,000 kg CO2e and Scope 2 emissions at 1,195,589,000 kg CO2e. The data indicates that LG Energy Solution is actively monitoring its emissions across Scopes 1 and 2, but there is no available information on Scope 3 emissions for 2023. Overall, while LG Energy Solution has made strides in tracking its emissions, the absence of specific reduction targets or commitments suggests a need for further clarity on its long-term climate strategy.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 123,456,000 | 0,000,000,000 | - |
| Scope 2 | 1,111,111,000 | 000,000,000 | - |
| Scope 3 | 146,442,000 | 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.
LG Energy Solution is participating in some 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.
