Lotte Hi Mart Sustainability Profile
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 61 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 Hi Mart's reported carbon emissions
In 2024, Lotte Hi Mart reported significant carbon emissions, totalling approximately 96484000 kg CO2e for Scope 1 and about 619138000 kg CO2e for Scope 2. The Scope 3 emissions were notably high, with major contributions from purchased goods and services (about 19633442000 kg CO2e) and the use of sold products (approximately 2719849000 kg CO2e). For the previous year, 2023, Lotte Hi Mart's emissions in South Korea were approximately 51895000 kg CO2e, with Scope 1 emissions at about 379000 kg CO2e and Scope 2 emissions at approximately 43406000 kg CO2e. The Scope 3 emissions for the same year were around 8110000 kg CO2e, primarily from upstream transportation and distribution. Lotte Hi Mart has set ambitious climate commitments, aiming for a 35% reduction in carbon emissions by 2030 compared to 2018 levels for both Scope 1 and Scope 2 emissions. Additionally, the company has established a roadmap to achieve Net Zero emissions by 2040, reflecting its long-term commitment to sustainability. The emissions data is not cascaded from any parent organization, indicating that Lotte Hi Mart independently reports its carbon footprint and climate initiatives.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000 | 000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 83,620,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 2,423,000 | 0,000,000 | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Lotte Hi Mart's Industry?
How Carbon Intensive is Lotte Hi Mart's Location?
Lotte Hi Mart's Scope 3 Categories Breakdown
Lotte Hi Mart's Scope 3 emissions, which decreased by 2% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 66% of Scope 3 emissions.
Top Scope 3 Categories
Lotte Hi Mart'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 Hi Mart 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.
