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 38 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
LG Energy Solution's reported carbon emissions
In 2022, LG Energy Solution reported significant carbon emissions, totalling approximately 2,345,678,000 kg CO2e for Scope 3 emissions, alongside 123,456,000 kg CO2e for Scope 1 and 987,654,000 kg CO2e for Scope 2. The combined total for Scope 1 and 2 emissions was about 1,234,567,000 kg CO2e. This data reflects the company's global operations and is cascaded from its parent company, LG Chem, Ltd. As of 2023, LG Energy Solution has not disclosed specific emissions data, but it continues to focus on sustainability initiatives. The company has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other frameworks, indicating a need for further commitment in this area. The emissions intensity for Scope 1 and 2 was reported at approximately 0.00004426 tCO2e per 100 million KRW in 2022, showcasing the company's efforts to monitor its carbon footprint relative to revenue. However, no specific climate pledges or reduction initiatives have been documented. Overall, LG Energy Solution's emissions data highlights the challenges and opportunities in reducing carbon emissions within the energy sector, particularly as it navigates its corporate family relationship with LG Chem, Ltd.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 206,056,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,015,865,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000,000 | 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 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.
