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 64 is higher than 80% 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 total carbon emissions of approximately 47,811,000 kg CO2e. This includes Scope 1 emissions of about 96,484,000 kg CO2e, Scope 2 emissions of approximately 619,138,000 kg CO2e, and Scope 3 emissions totalling around 7,577,000 kg CO2e. The previous year, 2023, saw total emissions of about 51,895,000 kg CO2e, with Scope 1 at approximately 96,042,000 kg CO2e, Scope 2 at around 614,007,000 kg CO2e, and Scope 3 at about 8,110,000 kg CO2e. 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. This long-term strategy includes expanding solar energy installations, entering Power Purchase Agreements (PPAs), and purchasing Renewable Energy Certificates (RECs) to ensure a stable supply of renewable energy. Overall, Lotte Hi Mart is actively working towards significant emissions reductions while committing to sustainable practices in its operations.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 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 | - | - | 0,000,000 | 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 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.
