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 67% 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 930,090 kg CO2e, encompassing both Scope 1 and Scope 2 emissions. This figure reflects a commitment to reducing greenhouse gas emissions, with a target to decrease emissions by about 3.87 million tonnes compared to business as usual (BAU) by 2030. This reduction goal is part of Lotte's broader climate strategy, which aims for a total reduction of approximately 12.6 million tonnes by 2050. In 2023, Lotte reported global emissions of approximately 318,030 kg CO2e for Scope 1 and about 656,600 kg CO2e for Scope 2. The company has set specific targets for its domestic operations, aiming for a 22% reduction in greenhouse gas emissions by 2030 and a 61% reduction by 2040, compared to 2018 levels. Lotte's emissions data is not cascaded from any parent organization, and the company has established its own reduction initiatives without external influence. The commitment to sustainability is evident in their ongoing efforts to track and manage emissions across all scopes, although detailed Scope 3 emissions data has not been disclosed.
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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.
