LG Energy Solution
LG Energy Solution, a leading player in the energy storage industry, is headquartered in South Korea (KR) and operates extensively across Asia, Europe, and North America. Founded in 2020, the company emerged from LG Chem's battery division, marking a significant milestone in the evolution of energy solutions. Specialising in advanced lithium-ion batteries, LG Energy Solution provides innovative products for electric vehicles, renewable energy storage, and consumer electronics. Their commitment to sustainability and cutting-edge technology sets them apart in a competitive market. With a strong market position, LG Energy Solution has achieved notable recognition for its high-performance batteries, contributing to the global transition towards cleaner energy. The company continues to lead the way in energy innovation, driving advancements that support a sustainable future.
DitchCarbon Score
How does LG Energy Solution'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 Electricity from Other Sources 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 Energy Solution's score of 44 is higher than 68% 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 Energy Solution's reported carbon emissions
In 2023, LG Energy Solution reported total carbon emissions of approximately 267,000,000 kg CO2e, with Scope 1 emissions at about 287,493,000 kg CO2e and Scope 2 emissions at approximately 1,205,937,000 kg CO2e. The combined total for Scope 1 and Scope 2 emissions reached about 1,493,430,000 kg CO2e. This data reflects a significant commitment to transparency in emissions reporting, although no Scope 3 emissions data was disclosed for this year. In 2022, the company reported Scope 1 emissions of approximately 306,029,000 kg CO2e and Scope 2 emissions of about 1,195,589,000 kg CO2e, leading to a total of around 1,501,618,000 kg CO2e for Scope 1 and 2 combined. The 2021 data indicated Scope 1 emissions of about 257,303,000 kg CO2e, Scope 2 emissions of approximately 1,076,867,000 kg CO2e, and Scope 3 emissions totalling around 6,000,000 kg CO2e from business travel, 7,714,000 kg CO2e from employee commute, and 5,762,099,000 kg CO2e from purchased goods and services, among others. Despite the absence of specific reduction targets or initiatives disclosed in the provided data, LG Energy Solution is part of a corporate family that includes LG Chem, Ltd., which may influence its climate strategies and commitments. The company is engaged in various sustainability initiatives, including participation in the RE100 and CDP programmes, indicating a commitment to renewable energy and climate action. Overall, LG Energy Solution's emissions data and corporate relationships suggest a proactive approach to managing carbon emissions, although further details on specific reduction targets and achievements would enhance understanding of their climate commitments.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 206,056,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,015,865,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | 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 Energy Solution 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.
