Lotte Chemical Corporation
Lotte Chemical Corporation, a leading player in the global petrochemical industry, is headquartered in South Korea (KR). Founded in 1976, the company has established a strong presence in key operational regions, including Asia, Europe, and North America. Lotte Chemical focuses on producing a diverse range of high-quality products, including polymers, chemicals, and advanced materials, which are integral to various industries such as automotive, electronics, and packaging. With a commitment to innovation and sustainability, Lotte Chemical has achieved significant milestones, including advancements in eco-friendly production processes. The company is recognised for its robust market position, consistently ranking among the top petrochemical firms worldwide. Its unique offerings, characterised by superior performance and environmental responsibility, set Lotte Chemical apart in a competitive landscape.
DitchCarbon Score
How does Lotte Chemical Corporation'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 Plastic production 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 Chemical Corporation's score of 13 is lower than 55% 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 Chemical Corporation's reported carbon emissions
In 2024, Lotte Chemical Corporation, headquartered in South Korea (KR), reported total greenhouse gas emissions of approximately 930,090 kg CO2e, a decrease from about 974,630 kg CO2e in 2023 and 775,350 kg CO2e in 2022. These figures represent Scope 1 and 2 emissions, indicating direct and indirect emissions from the company's operations. Lotte Chemical has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 GHG 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 Chemical 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 Science-Based Targets (SBTs) by 2027. The company also has specific reduction targets for its subsidiaries, with Lotte E&C aiming for a 35% reduction in GHG emissions by 2030 compared to 2018 levels, alongside a goal of achieving carbon neutrality by 2040. These initiatives reflect Lotte Chemical's commitment to addressing climate change and reducing its carbon footprint in line with industry standards.
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| 2016 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 1,481,537,000 |
| 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 Chemical Corporation is participating in some 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.
