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 98% 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 significant carbon emissions, totalling approximately 209,000,000 kg CO2e for Scope 1, 665,000,000 kg CO2e for Scope 2, and a staggering 210,675,399,000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and 2 emissions reached about 874,000,000 kg CO2e. The company has set ambitious targets to reduce its carbon footprint, aiming for a 54.6% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2017 as the baseline year. Additionally, LG Electronics plans to decrease Scope 3 emissions from the use of sold products by 20% per functional unit sold by 2030, based on a 2020 baseline. In terms of specific initiatives, LG aims to achieve carbon neutrality by 2030 through process improvements, energy-saving technologies, and a transition to 100% renewable energy by 2050. The company is also committed to transitioning its business fleet to electric and hydrogen vehicles by 2030 in South Korea. These commitments align with the Science Based Targets initiative (SBTi) criteria, reflecting LG Electronics' dedication to addressing climate change and reducing its environmental impact.
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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 | 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.
