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 3,490,328,000 kg CO2e, comprising 61,505,000 kg CO2e from Scope 1, 636,112,000 kg CO2e from Scope 2, and 3,490,328,000 kg CO2e from Scope 3 emissions. This reflects a significant commitment to transparency in their emissions reporting. Over the years, Lotte Fine Chemical has demonstrated a trend of reducing emissions, particularly in Scope 1 and Scope 2. For instance, from 2015 to 2023, Scope 1 emissions decreased from 114,306,000 kg CO2e to 61,505,000 kg CO2e, while Scope 2 emissions reduced from 580,256,000 kg CO2e to 636,112,000 kg CO2e. However, Scope 3 emissions have shown variability, with a notable increase in 2021 and 2022, indicating the complexity of managing emissions across the supply chain. Despite these reductions, Lotte Fine Chemical has not publicly committed to specific science-based targets or reduction initiatives, which may limit their ability to align with global climate goals. The absence of documented reduction targets suggests a need for further strategic planning in their climate commitments. Overall, Lotte Fine Chemical's emissions data highlights both achievements and areas for improvement in their sustainability journey.
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Access structured emissions data, company-specific emission factors, and source documents
| 2013 | 2014 | 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 71,997,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 462,010,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 534,007,000 | 000,000,000 | 000,000,000 | - | - | 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.
