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 61 is higher than 79% 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 4.08 billion kg CO2e. This figure includes Scope 1 emissions of about 60.7 million kg CO2e, Scope 2 emissions of approximately 616.2 million kg CO2e, and Scope 3 emissions amounting to around 3.40 billion kg CO2e. The company has set ambitious targets to reduce greenhouse gas emissions by 14.5% from 2018 levels for both Scope 1 and Scope 2 by 2030. In 2023, Lotte Fine Chemical's total emissions were approximately 4.19 billion kg CO2e, with Scope 1 emissions at about 61.5 million kg CO2e, Scope 2 emissions around 636.1 million kg CO2e, and Scope 3 emissions reaching approximately 3.49 billion kg CO2e. The company has demonstrated a commitment to sustainability through these reduction initiatives, aiming to significantly lower its carbon footprint in the coming years. Lotte Fine Chemical's emissions data is sourced directly from the company, ensuring accuracy and transparency in their climate commitments.
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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 |
How Carbon Intensive is Lotte Fine Chemical's Industry?
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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.
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