LG Display Co., Ltd. Sustainability Profile
LG Display Co., Ltd., a leading player in the global display industry, is headquartered in South Korea (KR). Founded in 2003, the company has established itself as a pioneer in the development of innovative display technologies, particularly in the realms of OLED and LCD panels. With major operational regions spanning Asia, Europe, and North America, LG Display serves a diverse clientele across various sectors, including consumer electronics and automotive. The company is renowned for its cutting-edge products, such as high-resolution OLED displays that offer superior colour accuracy and energy efficiency. LG Display's commitment to research and development has positioned it as a market leader, consistently achieving significant milestones, including advancements in flexible and transparent display technologies. With a strong focus on sustainability and innovation, LG Display continues to shape the future of visual experiences worldwide.
DitchCarbon Score
How does LG Display Co., Ltd.'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 Display Co., Ltd.'s score of 56 is higher than 76% 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 Display Co., Ltd.'s reported carbon emissions
In 2023, LG Display Co., Ltd. reported total carbon emissions of approximately 10,560,410 kg CO2e for Scope 1, 3,246,687 kg CO2e for Scope 2 (market-based), and 913,012,000 kg CO2e for Scope 3 emissions. This reflects a significant commitment to transparency in their emissions reporting, covering all three scopes. The company has set ambitious climate targets, aiming for net-zero emissions by 2050. This includes a commitment to achieve 100% renewable energy (RE100) for its power consumption by 2050. Additionally, LG Display has established a near-term goal to reduce carbon emissions per functional unit of its seven major product groups by 20% by 2030, compared to 2020 levels. In terms of recent achievements, LG Display successfully transitioned 1,159 GWh of its power generation to renewable sources in 2023, resulting in a greenhouse gas reduction of approximately 540,000 kg CO2e. Furthermore, the company has reduced its domestic carbon emissions by about 46% from 2018 levels, while also achieving a 15% transition to renewable energy across its operations. Overall, LG Display's climate commitments and reduction initiatives demonstrate a proactive approach to addressing climate change, aligning with industry standards and expectations for sustainability.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 679,000,000,000 | 000,000,000,000 |
| Scope 2 | 791,000,000,000 | 000,000,000,000 |
| Scope 3 | - | 0,000,000 |
How Carbon Intensive is LG Display Co., Ltd.'s Industry?
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LG Display Co., Ltd.'s Scope 3 Categories Breakdown
Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Capital Goods" being the largest emissions source at 59% of Scope 3 emissions.
Top Scope 3 Categories
LG Display Co., Ltd.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
LG Display Co., Ltd. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
