Lotte
Lotte Co., Ltd., commonly known as Lotte, is a prominent South Korean conglomerate headquartered in Seoul. Founded in 1967, Lotte has established a significant presence in various sectors, including food and beverages, retail, and tourism, with major operations across Asia and beyond. The company is renowned for its diverse range of products, particularly its confectionery, snacks, and ice cream, which are distinguished by their innovative flavours and high-quality ingredients. Lotte's commitment to excellence has positioned it as a leader in the food industry, with notable achievements such as being one of the largest producers of confectionery in Asia. With a strong market position and a reputation for quality, Lotte continues to expand its influence, making it a key player in the global marketplace.
DitchCarbon Score
How does Lotte'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 Food Products 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's score of 29 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lotte's reported carbon emissions
In 2023, Lotte reported global carbon emissions of approximately 1,018,000 tonnes CO2e, comprising 32,000 tonnes from Scope 1, 88,000 tonnes from Scope 2, and about 1,018,000 tonnes from Scope 3 emissions. In Japan, emissions for the same year were around 774,000 tonnes CO2e, with 26,000 tonnes from Scope 1, 70,000 tonnes from Scope 2, and approximately 774,000 tonnes from Scope 3. Over the years, Lotte has shown a commitment to reducing its carbon footprint. In 2022, global emissions were about 1,014,000 tonnes CO2e, indicating a slight increase from 2021's total of approximately 934,000 tonnes CO2e. The company has not specified any formal reduction targets or initiatives under frameworks such as the Science Based Targets initiative (SBTi) or the Carbon Disclosure Project (CDP). Lotte's emissions profile highlights the significant impact of Scope 3 emissions, which account for the majority of their carbon footprint. This underscores the importance of addressing upstream and downstream activities in their climate strategy. As Lotte continues to navigate its environmental responsibilities, further transparency and commitment to reduction targets will be essential for aligning with global climate goals.
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Add to project2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 34,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 111,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
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 is not committed to any 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.
