Lotte
Lotte Co., Ltd., commonly known as Lotte, is a prominent multinational corporation headquartered in Japan. Founded in 1948, Lotte has established itself as a key player in the food and beverage industry, with significant operations across Asia, particularly in South Korea and Japan. The company is renowned for its diverse range of products, including confectionery, snacks, and beverages, with its signature offerings such as Lotte Choco Pie and various ice cream brands setting it apart in the market. Over the decades, Lotte has achieved notable milestones, expanding its portfolio and enhancing its market position as a leader in the confectionery sector. With a commitment to quality and innovation, Lotte continues to captivate consumers, making it a household name in the industry.
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 Product Manufacturing 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 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lotte's reported carbon emissions
In 2023, Lotte's carbon emissions in Japan totalled approximately 26000000 kg CO2e for Scope 1, 70000000 kg CO2e for Scope 2, and a significant 774000000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and 2 emissions reached about 96000000 kg CO2e. When compared to 2022, there was a slight decrease in Scope 1 emissions from 27000000 kg CO2e and Scope 2 emissions from 75000000 kg CO2e, while Scope 3 emissions remained relatively stable at approximately 775000000 kg CO2e. Lotte has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, the company continues to monitor and report its emissions across all scopes, indicating a commitment to transparency in its climate impact. Overall, Lotte's emissions profile highlights the significant contribution of Scope 3 emissions, which primarily arise from purchased goods and services, underscoring the importance of addressing supply chain emissions in their climate strategy.
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| 2019 | 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 participating in any of the initiatives that 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.
