Lotte Fine Chemical
Lotte Fine Chemical, a prominent player in the chemical industry, is headquartered in South Korea (KR) and operates extensively across Asia and beyond. Founded in 1976, the company has established itself as a leader in fine chemicals, specialising in the production of high-quality materials for various sectors, including electronics, automotive, and pharmaceuticals. With a diverse portfolio that includes specialty chemicals, polymer additives, and electronic materials, Lotte Fine Chemical is recognised for its commitment to innovation and sustainability. The company’s unique approach to product development and its focus on customer-centric solutions have solidified its market position. Notable achievements include significant advancements in eco-friendly chemical processes, positioning Lotte Fine Chemical as a forward-thinking entity in the global market.
DitchCarbon Score
How does Lotte Fine Chemical'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 Salt and Mineral Mining 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 Fine Chemical's score of 27 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lotte Fine Chemical's reported carbon emissions
In 2023, Lotte Fine Chemical reported total carbon emissions of approximately 6,976,150 kg CO2e, comprising 61,505,000 kg CO2e from Scope 1 and 636,112,000 kg CO2e from Scope 2. The company also disclosed significant Scope 3 emissions, amounting to about 3,490,328,000 kg CO2e. Over the years, Lotte Fine Chemical has shown a trend in its emissions data. In 2022, the total emissions were approximately 6,432,020 kg CO2e, with Scope 1 and 2 emissions at 64,320,200 kg CO2e. In 2021, the total emissions were about 6,876,730 kg CO2e, with Scope 1 and 2 emissions of 68,767,300 kg CO2e. Despite these figures, Lotte Fine Chemical has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate commitments. The company has disclosed emissions data for Scopes 1, 2, and 3, reflecting a comprehensive approach to understanding its carbon footprint. Overall, while Lotte Fine Chemical has made strides in tracking its emissions, the absence of defined reduction initiatives suggests a need for more robust climate action strategies moving forward.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 78,572,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 595,395,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 000,000,000 | 0,000,000,000 | 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 Fine Chemical 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.
