Lg Innotek Sustainability Profile
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 56 is higher than 73% 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 Innotek's reported carbon emissions
In 2024, LG Innotek reported total carbon emissions of approximately 1,106,000,000 kg CO2e, with emissions distributed across various scopes: 22,838,000 kg CO2e (Scope 1), 248,489,000 kg CO2e (Scope 2, market-based), and 1,060,796,000 kg CO2e (Scope 3). The company's Scope 1 and 2 emissions combined totalled about 271,327,000 kg CO2e (market-based). In 2023, emissions were slightly lower, with total emissions of about 689,031,000 kg CO2e in Scope 3, alongside 21,387,000 kg CO2e (Scope 1) and 221,450,000 kg CO2e (Scope 2, market-based). The trend shows a significant increase in Scope 3 emissions, which are critical for understanding the full impact of the company's operations. LG Innotek has committed to achieving net-zero emissions by 2050, with targets set through the Science Based Targets initiative (SBTi). The company is classified as a member of the BA1.5 initiative, indicating its commitment to ambitious climate action. The net-zero commitment encompasses all scopes of emissions, reflecting a comprehensive approach to climate responsibility. Overall, LG Innotek's emissions data and climate commitments highlight its ongoing efforts to address carbon emissions while aiming for significant reductions in the coming decades.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 15,041,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 335,020,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 166,000 | 0,000,000 | 0,000,000 | 000,000,000 | 0,000,000,000 |
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Lg Innotek's Scope 3 Categories Breakdown
Lg Innotek's Scope 3 emissions, which increased by 54% last year and increased significantly since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 80% of Scope 3 emissions.
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Lg Innotek'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 Innotek 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.
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Frequently Asked Questions
Common questions about Lg Innotek's sustainability data and climate commitments