LOTTE rental
LOTTE Rental, a prominent player in the vehicle rental industry, is headquartered in South Korea (KR) and operates extensively across Asia. Founded in 1973, the company has established itself as a leader in providing comprehensive mobility solutions, including car rentals, leasing services, and fleet management. With a commitment to innovation, LOTTE Rental offers a diverse range of vehicles, from economy cars to luxury models, ensuring customers have access to options that suit their needs. The company is recognised for its exceptional customer service and advanced technology integration, which enhances the rental experience. As a subsidiary of the LOTTE Group, LOTTE Rental has achieved significant milestones, positioning itself as a trusted name in the market. Its dedication to quality and reliability has earned it a strong reputation, making it a preferred choice for both business and leisure travellers in the region.
DitchCarbon Score
How does LOTTE rental'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 Land Transportation 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 rental's score of 24 is higher than 54% 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 rental's reported carbon emissions
In 2023, LOTTE rental reported total carbon emissions of approximately 6,612,000 kg CO2e. This figure includes 330,000 kg CO2e from Scope 1 emissions, 3,890,000 kg CO2e from Scope 2 emissions, and a significant 781,000,000 kg CO2e from Scope 3 emissions. The combined Scope 1 and 2 emissions totalled about 4,220,000 kg CO2e. LOTTE rental has set ambitious climate commitments, aiming to reduce its greenhouse gas (GHG) emissions by over 35% by 2030 compared to 2018 levels, with a long-term goal of achieving carbon neutrality by 2040. This commitment applies to both Scope 1 and Scope 2 emissions. In previous years, LOTTE rental's emissions have shown variability, with 2022 emissions recorded at approximately 4,598,000 kg CO2e (including 437,000 kg CO2e from Scope 1 and 4,160,000 kg CO2e from Scope 2) and 4,102,000 kg CO2e in 2021. The company has not disclosed Scope 3 emissions data for 2022 and 2021, indicating a focus on improving transparency in its reporting. LOTTE rental's emissions data is not cascaded from a parent company, and all figures are reported directly from LOTTE rental co., ltd. The company is actively working towards its sustainability goals, reflecting a commitment to reducing its environmental impact in the rental industry.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 515,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 3,010,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 000,000,000 |
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 rental 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.
