Lotte Fine Chemical
Lotte Fine Chemical, a prominent player in the fine chemicals industry, is headquartered in South Korea and operates extensively across Asia and beyond. Founded in 1976, the company has achieved significant milestones, establishing itself as a leader in the production of specialty chemicals and advanced materials. Lotte Fine Chemical's core offerings include high-performance polymers, electronic materials, and eco-friendly chemical solutions, distinguished by their innovative formulations and commitment to sustainability. The company has garnered a strong market position, recognised for its cutting-edge research and development capabilities, which drive continuous improvement and product excellence. With a focus on quality and customer satisfaction, Lotte Fine Chemical remains dedicated to advancing the fine chemicals sector, contributing to various industries, including electronics, automotive, and pharmaceuticals.
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 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 85% 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 6.97 million tonnes CO2e, comprising about 61.5 million tonnes from Scope 1, 636.1 million tonnes from Scope 2, and around 3.49 billion tonnes from Scope 3 emissions. This reflects a continued commitment to monitoring and managing their carbon footprint across all scopes of emissions. Over the years, Lotte Fine Chemical has demonstrated a focus on reducing its emissions. For instance, in 2020, the company recorded total emissions of about 6.28 million tonnes CO2e, indicating a gradual decrease in emissions from 2021 onwards, where total emissions peaked at approximately 6.88 million tonnes CO2e. The company has not publicly set specific reduction targets under the Science Based Targets initiative (SBTi) or disclosed any formal climate pledges. However, their participation in the Carbon Disclosure Project (CDP) reflects an ongoing effort to improve transparency regarding their environmental impact, although they received a score of "F" in some assessments, indicating room for improvement in their climate strategies. Lotte Fine Chemical's emissions intensity has also been tracked, with a reported intensity of 0.39 in 2023, suggesting a focus on improving efficiency in relation to their revenue. The company continues to engage in initiatives aimed at reducing its overall carbon emissions, aligning with broader industry trends towards sustainability and climate responsibility.
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Add to project2018 | 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 committed to some 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.
