Lotte Chemical Corporation

Lotte Chemical Corporation, a South Korean-headquartered plastics and basic chemicals company, reported total carbon emissions of approximately 22.95 billion kg CO2e in 2024. This figure includes Scope 1 emissions of about 5.85 billion kg CO2e, Scope 2 emissions (location-based) of approximately 3.86 billion kg CO2e, and Scope 3 emissions of roughly 13.23 billion kg CO2e. Key contributors to Scope 3 emissions include purchased goods and services (approximately 11.09 billion kg CO2e), and investments (about 1.56 billion kg CO2e).

In 2023, the company's total emissions were approximately 17.88 billion kg CO2e, consisting of about 5.98 billion kg CO2e for Scope 1, 3.83 billion kg CO2e for Scope 2 (location-based), and 8.08 billion kg CO2e for Scope 3.

Lotte Chemical Corporation has established near-term Science Based Targets initiative (SBTi) commitments. Cascaded from LOTTE CO., LTD., these targets include a 23% absolute reduction in Scope 1 and 2 GHG emissions by 2028, against a 2019 base year. Additionally, LOTTE CO., LTD. commits to a 23% absolute reduction in Scope 3 GHG emissions from fuel and energy-related activities within the same timeframe, and aims for 80% of its suppliers by emissions (covering purchased goods and services, capital goods, and upstream transportation and distribution) to have SBTs by 2027.