LG Electronics Inc.
LG Electronics Inc., a leading global player in the consumer electronics and home appliances industry, is headquartered in South Korea (KR). Founded in 1958, the company has established itself as a pioneer in innovative technology, with significant operations across North America, Europe, and Asia. Renowned for its diverse product range, LG offers cutting-edge televisions, home appliances, and mobile devices, distinguished by their advanced features and sleek designs. The company has achieved notable milestones, including the development of the world’s first OLED TV, solidifying its position as a market leader. With a commitment to sustainability and smart technology, LG Electronics continues to push the boundaries of innovation, earning accolades for its quality and performance in the competitive electronics landscape.
DitchCarbon Score
How does LG Electronics Inc.'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 Electrical Machinery 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
LG Electronics Inc.'s score of 66 is higher than 96% 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 Electronics Inc.'s reported carbon emissions
In 2023, LG Electronics Inc. reported total carbon emissions of approximately 874,000,000 kg CO2e globally, comprising 209,000,000 kg CO2e from Scope 1 and 665,000,000 kg CO2e from Scope 2. The company also recorded significant Scope 3 emissions, totalling about 210,675,399,000 kg CO2e, primarily from the use of sold products. LG Electronics has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 54.6% by 2030, using 2017 as the base year. This target aligns with the Science Based Targets initiative (SBTi) criteria. Additionally, the company plans to reduce Scope 3 emissions from the use of sold products by 20% per functional unit sold by 2030, based on a 2020 baseline. The company is also committed to transitioning to 100% renewable energy by 2050 and aims to achieve carbon neutrality by 2030 through process improvements, energy-saving technologies, and the purchase of UN carbon credits. Furthermore, LG Electronics intends to complete the transition to electric or hydrogen vehicles for its business operations in Korea by 2030. Overall, LG Electronics is actively working towards significant reductions in its carbon footprint while enhancing its sustainability practices in line with global climate goals.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 36,246,833,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 000,000,000,000 |
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 Electronics Inc. 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.
