Lotte Chemical Corporation

Lotte Chemical Corporation, headquartered in KR and operating in the plastics, basic industry, reported total emissions of approximately 22.9 billion kg CO2e for the 2024 reporting year. This figure encompasses Scope 1, 2, and 3 emissions. Scope 1 emissions were approximately 5.9 billion kg CO2e, while Scope 2 emissions were approximately 3.9 billion kg CO2e. Scope 3 emissions accounted for the largest portion, at approximately 13.2 billion kg CO2e, with purchased goods and services representing the most significant contributor within this scope.

In 2023, Lotte Chemical Corporation reported total emissions of approximately 17.9 billion kg CO2e. Scope 1 emissions were around 6.0 billion kg CO2e, and Scope 2 emissions were approximately 3.8 billion kg CO2e. Scope 3 emissions totalled around 8.1 billion kg CO2e.

For the 2022 reporting year, total emissions were approximately 17.8 billion kg CO2e, with Scope 1 at about 4.2 billion kg CO2e and Scope 2 at roughly 2.0 billion kg CO2e. Scope 3 emissions were reported at approximately 11.6 billion kg CO2e.

In 2021, Lotte Chemical Corporation disclosed Scope 1 and 2 emissions totalling approximately 6.5 billion kg CO2e, with Scope 1 emissions at around 4.4 billion kg CO2e and Scope 2 at approximately 2.1 billion kg CO2e. Scope 3 data was not fully disclosed for this year.

Lotte Chemical Corporation's parent company, LOTTE CO., LTD., has set science-based targets (SBTi). These targets commit to a 23% reduction in absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 2028 from a 2019 base year. Additionally, there is a commitment to reduce absolute Scope 3 GHG emissions from fuel and energy-related activities by 23% within the same timeframe. Furthermore, the company aims for 80% of its suppliers, covering purchased goods and services, capital goods, and upstream transportation and distribution, to have SBTs by 2027. These SBTi targets are cascaded from LOTTE CO., LTD. to Lotte Chemical Corporation.