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 24 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
LG Energy Solution's reported carbon emissions
In 2023, LG Energy Solution reported significant carbon emissions, with Scope 1 emissions at approximately 287,493,000 kg CO2e and Scope 2 emissions at about 1,205,937,000 kg CO2e, resulting in a total of around 1,493,430,000 kg CO2e for Scope 1 and 2 combined. The company also disclosed Scope 3 emissions, which totalled approximately 6,471,645,000 kg CO2e, highlighting the substantial impact of upstream activities, particularly from purchased goods and services. In 2022, LG Energy Solution's emissions included Scope 1 at about 306,029,000 kg CO2e and Scope 2 at approximately 1,195,589,000 kg CO2e, leading to a total of around 1,501,618,000 kg CO2e for Scope 1 and 2. The Scope 3 emissions for that year were not specified in the data provided. Despite these figures, LG Energy Solution has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to operate within the context of a growing emphasis on sustainability in the energy sector, aligning with global trends towards reducing carbon footprints and enhancing environmental responsibility.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 123,456,000 | 000,000,000 | - |
| Scope 2 | 1,111,111,000 | 0,000,000,000 | - |
| Scope 3 | 146,442,000 | 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 Energy Solution is not committed to any reduction initiatives 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.
