Lg Innotek
LG Innotek, a prominent subsidiary of the LG Corporation, is headquartered in South Korea (KR) and operates extensively across Asia, Europe, and North America. Founded in 1970, the company has established itself as a leader in the electronics industry, specialising in advanced materials and components for various sectors, including automotive, telecommunications, and consumer electronics. Renowned for its innovative solutions, LG Innotek offers a diverse range of products, including camera modules, LED components, and circuit boards, distinguished by their cutting-edge technology and high quality. The company has achieved significant milestones, such as pioneering developments in 5G technology and automotive lighting systems, solidifying its market position as a key player in the global electronics landscape. With a commitment to sustainability and innovation, LG Innotek continues to drive advancements that shape the future of technology.
DitchCarbon Score
How does Lg Innotek'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 Computer Services 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 Innotek's score of 22 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lg Innotek's reported carbon emissions
In 2023, LG Innotek reported total carbon emissions of approximately 509,660,000 kg CO2e, comprising 21,387,000 kg CO2e from Scope 1, 488,273,000 kg CO2e from Scope 2, and a significant 689,031,000 kg CO2e from Scope 3 emissions. This marked an increase in Scope 1 and Scope 2 emissions compared to previous years, with Scope 1 emissions rising from 19,440,000 kg CO2e in 2022 and Scope 2 emissions increasing from 433,818,000 kg CO2e. The company has committed to achieving net-zero emissions across all scopes by 2050, with a long-term target established in 2023. This commitment aligns with the Science Based Targets initiative (SBTi), indicating a structured approach to reducing greenhouse gas emissions. LG Innotek's emissions reduction strategy is part of a broader industry trend towards sustainability, particularly within the technology hardware and equipment sector. In 2022, LG Innotek's total emissions were approximately 453,258,000 kg CO2e, with Scope 1 emissions at 19,440,000 kg CO2e and Scope 2 emissions at 433,818,000 kg CO2e. The company has shown a commitment to improving its emissions intensity, which was approximately 0.02215 kg CO2e per unit of revenue in 2022. Overall, LG Innotek's climate commitments reflect a proactive stance in addressing climate change, with a clear roadmap towards significant emissions reductions by 2050.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 15,041,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 335,020,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 166,000 | 0,000,000 | 0,000,000 | 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 Innotek is committed to some 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.
