LG Energy Solution Sustainability Profile
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 60 is higher than 79% 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 2024, LG Energy Solution reported total carbon emissions of approximately 10,000,000 kg CO2e, comprising 355,030,000 kg CO2e from Scope 1, 1,059,364,000 kg CO2e from Scope 2, and 7,992,070,000 kg CO2e from Scope 3 emissions. This represents a total of about 1,467,506,000 kg CO2e for Scope 1 and 2 combined. In 2023, the company recorded total emissions of about 9,000,000 kg CO2e, with Scope 1 emissions at 287,493,000 kg CO2e, Scope 2 at 1,116,908,000 kg CO2e, and Scope 3 at 6,471,645,000 kg CO2e. The emissions data for 2023 in South Korea specifically showed Scope 1 emissions of 68,020,000 kg CO2e and Scope 2 emissions of 308,503,000 kg CO2e. In 2022, the South Korean emissions were 72,378,000 kg CO2e for Scope 1 and 286,095,000 kg CO2e for Scope 2. LG Energy Solution is a current subsidiary of LG Chem, Ltd., which influences its climate commitments and emissions reporting. However, there are no specific reduction targets or initiatives disclosed in the provided data. The company is part of broader industry efforts, including initiatives like SBTi and RE100, but specific targets from these initiatives were not detailed in the information available. Overall, LG Energy Solution's emissions profile reflects significant contributions from Scope 3 emissions, indicating a need for comprehensive strategies to address indirect emissions across its value chain.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 132,169,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 830,623,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
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LG Energy Solution'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 Energy Solution 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.
