Lg Chem
LG Chem, officially known as LG Chemical Ltd., is a leading South Korean company headquartered in Seoul, South Korea (KR). Founded in 1947, LG Chem has established itself as a key player in the global chemical industry, with major operational regions across Asia, Europe, and North America. The company primarily focuses on petrochemicals, advanced materials, and life sciences, offering a diverse range of products including batteries, plastics, and pharmaceuticals. Notable for its innovative approach, LG Chem has made significant strides in battery technology, particularly in electric vehicle (EV) batteries, positioning itself as a market leader. The company has achieved numerous milestones, including partnerships with major automotive manufacturers and advancements in sustainable materials. With a commitment to research and development, LG Chem continues to drive growth and maintain its competitive edge in the ever-evolving chemical landscape.
DitchCarbon Score
How does Lg Chem'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 Chemicals 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 Chem's score of 44 is higher than 69% 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 Chem's reported carbon emissions
In 2023, LG Chem reported total carbon emissions of approximately 11,471,953,000 kg CO2e globally, with emissions distributed across various scopes: 5,176,673,000 kg CO2e (Scope 1), 4,381,526,000 kg CO2e (Scope 2), and 11,471,953,000 kg CO2e (Scope 3). The company aims to achieve net-zero emissions by 2050, with interim targets of reducing Scope 1 emissions by 30% and Scope 2 emissions by 25% from 2021 levels by 2030. Additionally, LG Chem has committed to using 100% renewable energy for its overseas business sites by 2030 and for its Korean sites by 2050. In 2022, LG Chem's emissions were slightly higher, with total emissions of approximately 12,173,900,000 kg CO2e globally, comprising 5,628,898,000 kg CO2e (Scope 1), 4,406,678,000 kg CO2e (Scope 2), and 12,173,900,000 kg CO2e (Scope 3). The company has set a long-term goal to maintain greenhouse gas emissions in 2030 in line with 2019 levels. The company’s climate commitments include a significant reduction target of 48.7% for both Scope 1 and Scope 2 emissions by 2030, as part of its Science Based Targets initiative (SBTi) commitments. LG Chem is also focused on refining its carbon reduction strategies to align with its net-zero goals. Overall, LG Chem is actively working towards substantial emissions reductions while committing to sustainable practices in its operations, reflecting its dedication to addressing climate change.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 5,317,349,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 3,781,224,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 1,126,063,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 |
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 Chem 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.
