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 37 is higher than 89% 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 2023, Lotte Fine Chemical reported total carbon emissions of approximately 3,490,328,000 kg CO2e across all scopes. This includes 61,505,000 kg CO2e from Scope 1, 636,112,000 kg CO2e from Scope 2, and a significant 3,490,328,000 kg CO2e from Scope 3 emissions. The combined emissions from Scope 1 and 2 totalled about 697,615,000 kg CO2e. Lotte Fine Chemical has set ambitious targets to reduce greenhouse gas emissions by 14.5% compared to 2018 levels by the year 2030. This target applies to both Scope 1 and Scope 2 emissions, indicating a commitment to addressing direct and indirect emissions from their operations and energy use. In 2022, the company reported total emissions of approximately 4,060,722,000 kg CO2e, with Scope 1 emissions at 60,533,000 kg CO2e and Scope 2 emissions at 582,671,000 kg CO2e. The trend shows a focus on reducing emissions intensity and improving sustainability practices. Lotte Fine Chemical's climate commitments reflect a proactive approach to mitigating climate change impacts, aligning with industry standards for emissions reduction and sustainability.
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| 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 | - | - | - | 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 participating in any of the initiatives that 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.
