Lotte Hi Mart
Lotte Hi Mart, a leading electronics retailer in South Korea, is headquartered in Seoul, KR. Founded in 1999, the company has established itself as a prominent player in the consumer electronics industry, with a strong presence across major cities in South Korea. Specialising in a wide range of products, including home appliances, IT devices, and digital gadgets, Lotte Hi Mart is known for its commitment to quality and customer service. The retailer distinguishes itself through its extensive selection and competitive pricing, catering to the diverse needs of tech-savvy consumers. With a robust market position, Lotte Hi Mart has achieved significant milestones, including numerous awards for customer satisfaction and innovation in retail. As a trusted name in the electronics sector, it continues to shape the shopping experience for South Korean customers.
DitchCarbon Score
How does Lotte Hi Mart'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 Retail Trade Services 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 Hi Mart's score of 21 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 Hi Mart's reported carbon emissions
In 2023, Lotte Hi Mart reported total carbon emissions of approximately 43,406,000 kg CO2e from Scope 2 and 8,110,000 kg CO2e from Scope 3, with Scope 1 emissions at about 379,000 kg CO2e. This reflects a slight decrease in total emissions compared to 2022, where total emissions were approximately 58,780,000 kg CO2e. Over the years, Lotte Hi Mart has shown a trend of fluctuating emissions. In 2021, the company recorded total emissions of about 50,757,000 kg CO2e, with significant contributions from Scope 3 emissions, which reached approximately 10,062,381,000 kg CO2e. The company’s Scope 2 emissions peaked in 2018 at about 83,620,000 kg CO2e, indicating a substantial reduction in subsequent years. Despite these figures, Lotte Hi Mart has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction targets suggests a need for enhanced climate commitments in line with industry standards. Overall, while Lotte Hi Mart has made progress in managing its carbon footprint, the lack of formal reduction targets highlights an opportunity for the company to strengthen its climate strategy and align with global sustainability goals.
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Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 83,620,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 2,423,000 | 0,000,000 | 0,000,000 | 00,000,000,000 | 0,000,000 | 0,000,000 |
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 Hi Mart 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.
