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LG Energy Solution Co., Ltd., commonly referred to as LG Energy Solution, is a leading player in the electricity nec industry, with its headquarters based in South Korea. Since its establishment in 2019, the company has rapidly expanded its global footprint, serving major markets across Asia, North America, and Europe.
Specialising in advanced battery technology and energy storage solutions, LG Energy Solution is renowned for its innovative lithium-ion batteries used in electric vehicles, portable devices, and renewable energy systems. Its commitment to sustainability and cutting-edge research has positioned it as a key market leader, recognised for high-performance, reliable energy solutions that support the transition to cleaner energy.
+31 vs industry average
LG Energy Solution’s score of 47 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Electricity from Other Sources is among the most carbon-intensive industries
The Electricity from Other Sources industry has reduced its overall emissions by 36% since 2018
Scope 3 accounts for ••• of total emissions.
LG Energy Solution's total carbon emissions for 2024 were approximately 9.46 billion kg CO2e. This includes Scope 1 emissions of 355,030,000 kg CO2e, Scope 2 market-based emissions of 1,112,476,000 kg CO2e, and Scope 3 emissions of 7,992,070,000 kg CO2e. Key categories within Scope 3 emissions for 2024 include purchased goods and services at 5,883,859,000 kg CO2e and capital goods at 1,146,337,000 kg CO2e.
In 2023, LG Energy Solution reported total carbon emissions of approximately 7.97 billion kg CO2e, comprising Scope 1 emissions of 287,493,000 kg CO2e, Scope 2 market-based emissions of 1,205,869,000 kg CO2e, and Scope 3 emissions of 6,471,645,000 kg CO2e.
For 2022, total reported emissions were about 3.94 billion kg CO2e. This included Scope 1 emissions of 306,029,000 kg CO2e, Scope 2 market-based emissions of 1,195,589,000 kg CO2e, and Scope 3 emissions of 164,193,000 kg CO2e.
In 2021, total emissions amounted to approximately 1.59 billion kg CO2e, with Scope 1 at 257,303,000 kg CO2e, Scope 2 at 1,076,867,000 kg CO2e, and Scope 3 at 146,442,000 kg CO2e.
For 2020, LG Energy Solution's Scope 1 emissions were 206,056,000 kg CO2e, and Scope 2 emissions were 1,015,865,000 kg CO2e. In 2019, Scope 1 emissions were 132,169,000 kg CO2e, and Scope 2 emissions were 830,623,002 kg CO2e. In 2018, Scope 1 emissions were 79,293,000 kg CO2e, and Scope 2 emissions were 646,127,000 kg CO2e.
LG Energy Solution's SBTi targets are cascaded from its parent company, LG Chem, Ltd. The company does not currently have publicly disclosed specific document reduction targets or a climate pledge.
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No climate goals have been disclosed for LG Energy Solution yet.
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