Lotte
Lotte Corporation, commonly referred to as Lotte, is a South Korean multinational conglomerate headquartered in Seoul. Established in 1967, Lotte has grown to become a significant player in various industries, including food and beverages, retail, and tourism. The company operates extensively across Asia, with a strong presence in Japan, China, and Southeast Asia. Lotte is renowned for its diverse range of products, including confectionery, snacks, and beverages, with its signature Lotte Choco Pie gaining international acclaim. The company’s commitment to quality and innovation has solidified its market position, making it a household name in the food sector. Notable achievements include its expansion into global markets and a robust retail network, which continues to enhance its brand visibility and consumer reach.
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 24 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lotte's reported carbon emissions
In 2023, Lotte's carbon emissions totalled approximately 974,630 tonnes CO2e, comprising about 318,030 tonnes CO2e from Scope 1 emissions and around 656,600 tonnes CO2e from Scope 2 emissions. This represents a notable increase from 2022, where emissions were approximately 775,350 tonnes CO2e (317,360 tonnes CO2e from Scope 1 and 457,990 tonnes CO2e from Scope 2). Lotte has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 23% by 2028, using 2019 as the baseline year. Additionally, the company plans to reduce its Scope 3 emissions from fuel and energy-related activities by the same percentage within the same timeframe. Furthermore, Lotte is committed to ensuring that 80% of its suppliers, based on emissions from purchased goods and services, capital goods, and upstream transportation and distribution, will have set Science-Based Targets (SBTs) by 2027. These initiatives align with industry standards for climate action, reflecting Lotte's commitment to sustainability and reducing its overall carbon footprint.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 190,920 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 104,700 | 00,000 | 00,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | - | - |
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 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.
