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 53 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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Lotte's reported carbon emissions
In 2024, Lotte's carbon emissions in South Korea totalled approximately 295,960 kg CO2e for Scope 1 emissions, with combined Scope 1 and 2 emissions reaching about 930,090 kg CO2e. This represents a decrease from 2023, where Scope 1 emissions were about 318,030 kg CO2e and Scope 1 and 2 emissions totalled approximately 974,630 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. Specific targets include a 22% reduction in greenhouse gas emissions from domestic business sites by 2030 and a 61% reduction by 2040, based on 2018 levels. Lotte E&C has also committed to reducing GHG emissions by over 35% by 2030 compared to 2018 levels, with a goal of achieving carbon neutrality by 2040. These initiatives reflect Lotte's dedication to addressing climate change and reducing its overall carbon footprint. The emissions data is sourced from LOTTE Corporation, with no cascading from a parent or related organization.
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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 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 76,320,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 51,620,000 | 00,000,000 | 00,000,000 | - | - | 0,000,000 | - | - | 0,000,000,000 |
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.
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.
