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 5,176,673,000 kg CO2e for Scope 1, 4,381,526,000 kg CO2e for Scope 2, and 11,471,953,000 kg CO2e for Scope 3 emissions. The combined Scope 1 and 2 emissions amounted to about 9,558,199,000 kg CO2e. Notably, the Scope 3 emissions included significant contributions from purchased goods and services (about 10,215,107,000 kg CO2e) and upstream transportation and distribution (approximately 611,329,000 kg CO2e). LG Chem has set ambitious climate commitments, aiming for net-zero emissions by 2050. This strategy encompasses reducing direct emissions (Scope 1), avoiding indirect emissions (Scope 2), and compensating through carbon offsets. Specifically, the company targets a 30% reduction in Scope 1 emissions from 2021 levels by 2030 and a 25% reduction in Scope 2 emissions over the same timeframe. Additionally, LG Chem aims to achieve carbon-neutral growth by 2030, with a long-term goal of using 100% renewable energy for its overseas business sites by 2030 and for its Korean sites by 2050. The company has also committed to reducing its Scope 2 emissions by 50% from 2019 levels by 2050. These targets align with the Science Based Targets initiative (SBTi), where LG Chem has committed to a near-term reduction of 48.7% in both Scope 1 and Scope 2 emissions by 2030 from a 2021 baseline. Overall, LG Chem's comprehensive approach to carbon emissions reduction reflects its commitment to sustainability and climate responsibility, positioning it as a leader in the chemical industry in South Korea and globally.
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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.
