Lotte Chemical Corporation

Lotte Chemical Corporation, a Plastics and Basic industry company headquartered in KR, reported total carbon emissions of approximately 22.95 billion kg CO2e in 2024. This figure includes about 5.85 billion kg CO2e from Scope 1 emissions, 3.86 billion kg CO2e from Scope 2 emissions, and 13.23 billion kg CO2e from Scope 3 emissions. In 2023, the company's total emissions were approximately 17.88 billion kg CO2e, comprising around 5.98 billion kg CO2e (Scope 1), 3.83 billion kg CO2e (Scope 2), and 8.08 billion kg CO2e (Scope 3). For 2022, total emissions were about 17.79 billion kg CO2e, with Scope 1 at approximately 4.19 billion kg CO2e, Scope 2 at roughly 2.03 billion kg CO2e, and Scope 3 at about 11.58 billion kg CO2e. In 2021, Lotte Chemical reported total Scope 1 and 2 emissions of approximately 6.54 billion kg CO2e, with Scope 1 at about 4.44 billion kg CO2e and Scope 2 at roughly 2.10 billion kg CO2e, though Scope 3 data for this year was not available.

Lotte Chemical Corporation has established climate commitments. Science Based Targets initiative (SBTi) targets, cascaded from LOTTE CO., LTD. (Japan), indicate a commitment 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. The company also commits that 80% of its suppliers, by emissions covering purchased goods and services, capital goods, and upstream transportation and distribution, will have SBTs by 2027. These near-term targets for Scope 1 and 2 are classified as consistent with reductions required to keep warming to well-below 2°C.