Lotte Chilsung

Lotte Chilsung, headquartered in South Korea, has reported significant carbon emissions and has established ambitious climate commitments. For the year 2023, the company's total greenhouse gas emissions (Scopes 1, 2, and 3) amounted to approximately 3.68 billion kg CO2e. This total is comprised of approximately 50.86 million kg CO2e for Scope 1 emissions, 104.37 million kg CO2e for Scope 2 emissions, and approximately 3.52 billion kg CO2e for Scope 3 emissions.

Looking at previous years, total emissions were approximately 4.92 billion kg CO2e in 2022, with Scope 1 at approximately 53.53 million kg CO2e, Scope 2 at approximately 105.77 million kg CO2e, and Scope 3 at approximately 4.76 billion kg CO2e. In 2021, total emissions were not fully disclosed due to missing Scope 3 data, but Scope 1 emissions were approximately 57.18 million kg CO2e and Scope 2 emissions were approximately 105.63 million kg CO2e.

Lotte Chilsung is committed to significant reductions in its environmental impact. The company has set a target to reduce GHG emissions by approximately 61% compared to a business-as-usual scenario by 2030 and aims to achieve carbon neutrality by 2040. Furthermore, Lotte Chilsung has committed to Science Based Targets initiative (SBTi) goals, including a near-term target to reduce absolute Scope 1 and 2 GHG emissions by 50.4% by 2030 from a 2018 base year. A long-term objective is to achieve a 100% reduction in absolute Scope 1 and 2 GHG emissions by 2040 from the same 2018 baseline. The company also aims for net-zero greenhouse gas emissions across its value chain by 2050, with specific targets for Scope 3 emissions reduction.