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 24 is higher than 80% 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 reported carbon emissions of approximately 318,030 kg CO2e from Scope 1 and about 656,600 kg CO2e from Scope 2. This reflects a slight increase in Scope 1 emissions compared to 2022, where they were approximately 317,360 kg CO2e. The Scope 2 emissions also saw an increase from about 457,990 kg CO2e in the previous year. Over the years, Lotte's emissions have fluctuated. In 2021, the company recorded approximately 198,540 kg CO2e for Scope 1 and about 92,843,000 kg CO2e for Scope 2. The total emissions for Scope 1 and 2 combined in 2021 were approximately 296,120 kg CO2e. In 2020, Lotte's emissions were approximately 224,250 kg CO2e for Scope 1 and about 80,188,000 kg CO2e for Scope 2, with an additional 5,219,000 kg CO2e from Scope 3. Despite these figures, Lotte has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to monitor and report its emissions, reflecting its engagement with climate accountability, but lacks defined strategies for significant emissions reduction at this time.
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Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 393,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 63,765,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | 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 committed to any 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.
