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 43 is higher than 83% 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, comprising 5,032,008,000 kg CO2e from Scope 1, 3,097,029,000 kg CO2e from Scope 2, and 11,471,953,000 kg CO2e from Scope 3 emissions. This marked a significant increase in emissions compared to previous years, with 2022 emissions recorded at about 8,617,934,000 kg CO2e (5,489,586,000 kg CO2e from Scope 1, 3,127,348,000 kg CO2e from Scope 2, and 1,217,390,000 kg CO2e from Scope 3). LG Chem has committed to achieving net-zero emissions across all scopes by 2050, as part of its long-term climate strategy. This commitment aligns with the Science Based Targets initiative (SBTi) and reflects the company's dedication to reducing its carbon footprint. The company has set a baseline year of 2023 for its emissions reduction efforts, aiming to implement strategies that will significantly lower emissions over the coming decades. Overall, LG Chem's emissions data and climate commitments highlight its ongoing efforts to address climate change and transition towards a more sustainable operational model.
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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 | - | - | 0,000,000,000 | 0,000,000,000 | 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 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.
