LG Electronics Inc. Sustainability Profile
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 77 is higher than 86% 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 2024, LG Electronics Inc. reported significant carbon emissions, with Scope 1 emissions totalling approximately 77,000,000 kg CO2e and Scope 2 emissions reaching about 226,000,000 kg CO2e in South Korea. Globally, the company’s emissions included approximately 225,000,000 kg CO2e for Scope 1, 681,000,000 kg CO2e for Scope 2, and a substantial 72,759,601,000 kg CO2e for Scope 3 emissions. LG Electronics has set ambitious climate commitments, aiming for a 54.6% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, based on 2017 levels. This target has been verified by the Science Based Targets initiative (SBTi). Additionally, the company plans to reduce Scope 3 emissions from the use of sold products by 20% per functional unit sold by 2030, using 2020 as the baseline year. The company is also committed to achieving carbon neutrality by 2030, with a roadmap that includes transitioning to 100% renewable energy by 2050. Notably, LG Electronics aims to complete the transition to electric or hydrogen vehicles for its business operations in Korea by 2030. These initiatives reflect LG Electronics' dedication to sustainability and its proactive approach to mitigating climate change impacts through significant emission reduction targets and the adoption of renewable energy sources.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 395,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 884,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 57,348,000 | 00,000,000 | 00,000,000 | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is LG Electronics Inc.'s Industry?
How Carbon Intensive is LG Electronics Inc.'s Location?
LG Electronics Inc.'s Scope 3 Categories Breakdown
LG Electronics Inc.'s Scope 3 emissions, which increased by 5% last year and increased significantly since 2014, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 89% of Scope 3 emissions.
Top Scope 3 Categories
LG Electronics Inc.'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 Electronics Inc. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about LG Electronics Inc.'s sustainability data and climate commitments