Lotte
Lotte Corporation, commonly referred to as Lotte, is a prominent South Korean conglomerate headquartered in Seoul, South Korea (KR). Founded in 1967, Lotte has established itself as a key player in various industries, including food and beverage, retail, and tourism. The company operates extensively across Asia, with significant presence in Japan, China, and Southeast Asia. Lotte is renowned for its diverse range of products and services, particularly in the confectionery sector, where its unique offerings, such as Lotte Choco Pie, have gained immense popularity. The corporation has achieved notable milestones, including the expansion of its retail operations through Lotte Mart and Lotte Department Store, solidifying its market position as a leading retailer in the region. With a commitment to innovation and quality, Lotte continues to enhance its brand reputation and consumer loyalty across multiple sectors.
DitchCarbon Score
How does Lotte'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 Business 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
Lotte's score of 41 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lotte's reported carbon emissions
In 2023, Lotte reported total carbon emissions of approximately 974,630 kg CO2e, comprising 318,030 kg CO2e from Scope 1 and 656,600 kg CO2e from Scope 2. This marks a slight increase in Scope 1 emissions from 317,360 kg CO2e in 2022, while Scope 2 emissions rose from 457,990 kg CO2e in the previous year. Lotte has not disclosed any Scope 3 emissions data for 2023. Lotte has set ambitious climate commitments, aiming to reduce carbon emissions by 4.49 million tonnes CO2e by 2030 compared to business as usual (BAU), which represents a 49% reduction. Additionally, the company plans to achieve a reduction of 3.87 million tonnes CO2e by 2030, 8.54 million tonnes CO2e by 2040, and 12.6 million tonnes CO2e by 2050, all compared to BAU. Furthermore, Lotte aims to reduce greenhouse gas emissions from its domestic business sites by 22% by 2030 and 61% by 2040, relative to 2018 levels. These commitments reflect Lotte's dedication to addressing climate change and align with industry standards for sustainability and emissions reduction.
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| 2010 | 2011 | 2012 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 132,500,000 | 000,000,000 | 000,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 76,320,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 | 000,000 |
| Scope 3 | 51,620,000 | 00,000,000 | 00,000,000 | - | - | 0,000,000 | 0,000,000 | - | - |
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.
Lotte is not participating in any 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.
