Lotte Hotels & Resorts Sustainability Profile
Lotte Hotels & Resorts, a prominent player in the hospitality industry, is headquartered in South Korea (KR) and operates extensively across Asia and beyond. Founded in 1973, the company has established itself as a leader in luxury accommodation, offering a diverse range of services that include upscale hotels, resorts, and serviced residences. With a commitment to exceptional guest experiences, Lotte Hotels & Resorts is renowned for its unique blend of traditional Korean hospitality and modern amenities. The brand has achieved significant milestones, including numerous awards for service excellence and sustainability initiatives. As a key player in the global hospitality market, Lotte continues to expand its footprint, solidifying its position as a trusted choice for discerning travellers seeking quality and comfort.
DitchCarbon Score
How does Lotte Hotels & Resorts'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 Hospitality 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 Hotels & Resorts's score of 27 is higher than 53% 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 Hotels & Resorts's reported carbon emissions
In 2022, Lotte Hotels & Resorts reported total carbon emissions of approximately 3,892,994,000 kg CO2e. This figure includes 45,609,000 kg CO2e from Scope 1 emissions, 110,715,000 kg CO2e from Scope 2 emissions, and a significant 3,755,941,000 kg CO2e from Scope 3 emissions, primarily from purchased goods and services. This represents an increase from 2021, when total emissions were about 3,139,135,000 kg CO2e, with Scope 1 and Scope 2 emissions at 39,488,000 kg CO2e and 98,591,000 kg CO2e, respectively. Lotte Hotels & Resorts has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company’s emissions data is sourced directly from Hotel Lotte Co., Ltd., with no cascading from a parent or related organization. The hospitality industry is increasingly focusing on sustainability, and while Lotte Hotels & Resorts has not set formal targets, the growing emphasis on climate action within the sector may influence future commitments.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 37,660,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 99,201,000 | 00,000,000 | 000,000,000 |
| Scope 3 | 2,666,464,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Lotte Hotels & Resorts's Industry?
How Carbon Intensive is Lotte Hotels & Resorts's Location?
Lotte Hotels & Resorts's Scope 3 Categories Breakdown
Lotte Hotels & Resorts's Scope 3 emissions, which increased by 24% last year and increased by approximately 41% since 2020, 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" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Lotte Hotels & Resorts'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 Hotels & Resorts 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.
