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.
+12 vs industry average
Lotte’s score of 29 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Food Product Manufacturing is among the most carbon-intensive industries
Industry performance
The Food Product Manufacturing industry has increased its overall emissions by 9% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Lotte's reported carbon emissions
In 2024, Lotte reported total carbon emissions of approximately 930,090 kg CO2e, comprising 295,960 kg CO2e from Scope 1 and 634,120 kg CO2e from Scope 2 emissions. The company has not disclosed Scope 3 emissions data for this year. In 2023, Lotte's emissions were approximately 974,630 kg CO2e, with Scope 1 at 318,030 kg CO2e and Scope 2 at 656,600 kg CO2e. Lotte has set ambitious climate commitments, aiming to reduce carbon emissions by 3.87 million tonnes compared to business as usual (BAU) by 2030, and 8.54 million tonnes by 2040. Additionally, they plan to achieve a reduction of 12.6 million tonnes by 2050. Specifically, Lotte Group targets a 22% reduction in greenhouse gas emissions from domestic business sites by 2030, and a 61% reduction by 2040, based on 2018 levels. These commitments reflect Lotte's long-term strategy towards achieving net-zero emissions across all scopes, demonstrating a proactive approach to climate action.
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Lotte’s Climate Goals (2030 & 2050)
5 goals2030
49% reduction in Scope 1
LOTTE Group will reduce carbon emissions by 4.49 million tons compared to the business as usual (BAU) by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
5 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Lotte
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