Lotte Chemical Corporation

Lotte Chemical Corporation, headquartered in Korea and operating in the Plastics and Basic Chemicals industry, reported total carbon emissions of approximately 22.9 billion kg CO2e in 2024. This included Scope 1 emissions of about 5.85 billion kg CO2e, Scope 2 emissions of approximately 3.86 billion kg CO2e (location-based), and Scope 3 emissions of around 13.23 billion kg CO2e. Key categories within Scope 3 were purchased goods and services (approximately 11.09 billion kg CO2e) and investments (about 1.56 billion kg CO2e).

Looking at previous years, Lotte Chemical Corporation's total emissions were approximately 17.88 billion kg CO2e in 2023 and about 17.79 billion kg CO2e in 2022. In 2021, the company's Scope 1 and 2 emissions combined were approximately 6.54 billion kg CO2e, with Scope 3 data not available for that year.

Lotte Chemical Corporation has established climate commitments. Notably, Science Based Targets initiative (SBTi) targets are cascaded from its related organization, LOTTE CO., LTD. LOTTE CO., LTD. commits to reduce absolute Scope 1 and 2 GHG emissions by 23% by 2028 from a 2019 base year. Additionally, LOTTE CO., LTD. aims to reduce absolute Scope 3 GHG emissions from fuel and energy-related activities by 23% within the same timeframe. These near-term targets are classified as consistent with reductions required to keep warming to well-below 2°C.