Lotte Hi Mart, a prominent player in the retail trade services sector, is headquartered in South Korea (KR) and operates extensively across the nation. Founded in 1993, the company has established itself as a leader in the retail market, specialising in consumer electronics, home appliances, and personal goods.
With a commitment to quality and customer satisfaction, Lotte Hi Mart offers a diverse range of products, including cutting-edge technology and household essentials, setting itself apart through exceptional service and competitive pricing. The company has achieved significant milestones, including expanding its footprint with numerous stores nationwide, solidifying its market position as a trusted retailer.
Recognised for its innovative approach and customer-centric philosophy, Lotte Hi Mart continues to thrive in the dynamic retail landscape, catering to the evolving needs of consumers across South Korea.
+7 vs industry average
Lotte Hi Mart’s score of 42 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Retail Trade Services has below-average carbon intensity
Industry performance
The Retail Trade Services industry has reduced its overall emissions by 42% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Lotte Hi Mart's reported carbon emissions
Lotte Hi Mart, operating in retail trade services from its headquarters in South Korea, has outlined ambitious climate commitments and reported significant carbon emissions.
For the 2024 reporting year, Lotte Hi Mart reported total greenhouse gas emissions of approximately 27.6 billion kg CO2e. This figure is comprised of approximately 96.5 million kg CO2e from Scope 1 emissions, approximately 619.1 million kg CO2e from Scope 2, and approximately 26.7 billion kg CO2e from Scope 3. Within Scope 3, purchased goods and services were the largest contributor at approximately 19.6 billion kg CO2e, followed by upstream transportation and distribution at approximately 7.1 billion kg CO2e.
In 2023, the company's total emissions stood at approximately 27.1 billion kg CO2e. Scope 1 emissions were approximately 96.0 million kg CO2e, Scope 2 emissions were approximately 614.0 million kg CO2e, and Scope 3 emissions totalled approximately 26.4 billion kg CO2e. The largest components of Scope 3 emissions in 2023 were purchased goods and services (approximately 19.9 billion kg CO2e) and upstream transportation and distribution (approximately 7.3 billion kg CO2e).
Looking at earlier data, Lotte Hi Mart reported total emissions of approximately 21.2 billion kg CO2e in 2022. This included Scope 1 emissions of approximately 101.3 million kg CO2e, Scope 2 emissions of approximately 621.4 million kg CO2e, and Scope 3 emissions of approximately 20.5 billion kg CO2e. For 2021, total emissions were approximately 50.8 million kg CO2e, with Scope 1 at approximately 380,000 kg CO2e and Scope 2 at approximately 50.4 million kg CO2e. Scope 3 data was not fully disclosed for this year. In 2020, total emissions were approximately 49.4 million kg CO2e, with Scope 1 at approximately 368,000 kg CO2e and Scope 2 at approximately 49.1 million kg CO2e. Scope 3 data was also not fully disclosed.
Lotte Hi Mart has set a clear objective to reduce carbon emissions by 35% by 2030 compared to 2018 levels. This target applies to both Scope 1 and Scope 2 emissions. Furthermore, the company is committed to achieving Net Zero by 2040, a roadmap that has been implemented with this long-term goal in mind. These commitments demonstrate a strategic approach to mitigating its climate impact within the retail sector.
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Lotte Hi Mart’s Climate Goals (2030 & 2050)
4 goals2030
35% reduction in Scope 2
We aim to reduce carbon emissions by 35% by 2030 compared to 2018 levels.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 4 climate goals
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Scope 3 top emissions categories
10 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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