Lotte Fine Chemical Sustainability Profile
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 55 is higher than 77% 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 Fine Chemical's reported carbon emissions
In 2024, Lotte Fine Chemical reported total carbon emissions of approximately 3,406,000,000 kg CO2e, with emissions distributed across various scopes: 60,685,000 kg CO2e (Scope 1), 616,192,000 kg CO2e (Scope 2), and 3,401,551,000 kg CO2e (Scope 3). The combined Scope 1 and 2 emissions totalled about 676,874,000 kg CO2e. In 2023, the company recorded similar emissions, with Scope 1 at 61,505,000 kg CO2e, Scope 2 at 636,112,000 kg CO2e, and Scope 3 at 3,490,328,000 kg CO2e, leading to a total of approximately 697,615,000 kg CO2e for Scope 1 and 2 combined. Lotte Fine Chemical has set ambitious reduction targets, aiming for a 14.5% decrease in GHG emissions by 2030 compared to 2018 levels. This target applies to both Scope 1 and Scope 2 emissions, reflecting the company's commitment to mitigating its climate impact. The emissions data is sourced directly from Lotte Fine Chemical Co., Ltd., with no cascading from a parent organization. The company continues to focus on sustainability and reducing its carbon footprint in alignment with industry standards.
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| 2013 | 2014 | 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 000,000,000 |
| Scope 3 | 534,007,000 | 000,000,000 | 000,000,000 | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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Lotte Fine Chemical's Scope 3 Categories Breakdown
Lotte Fine Chemical's Scope 3 emissions, which decreased by 3% last year and increased by approximately 537% since 2013, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 87% of Scope 3 emissions.
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Lotte Fine Chemical's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Lotte Fine Chemical has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
