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 22 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lotte Chemical Corporation's reported carbon emissions
Lotte Chemical Corporation, headquartered in South Korea (KR), has set ambitious climate commitments aimed at significantly reducing its greenhouse gas emissions. Although specific emissions data for the most recent year is not available, the company has established clear targets for the near term. Lotte Chemical is committed to reducing its absolute Scope 1 and Scope 2 greenhouse gas emissions by 23% by 2028, using 2019 as the baseline year. Additionally, the company aims to achieve a 23% reduction in absolute Scope 3 emissions related to fuel and energy activities within the same timeframe. Furthermore, Lotte Chemical has pledged that by 2027, 80% of its suppliers, based on emissions from purchased goods and services, capital goods, and upstream transportation and distribution, will have set Science-Based Targets (SBTs). These commitments align with industry standards for climate action, reflecting Lotte Chemical's dedication to contributing to global efforts to limit warming to well below 2°C. The company's proactive approach underscores its role in fostering sustainability within the chemical sector.
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 committed to some 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.
