LOTTE rental Sustainability Profile
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 21 is higher than 50% 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 785.2 million kg CO2e. This figure includes Scope 1 emissions of about 330,000 kg CO2e, Scope 2 emissions of approximately 3.9 million kg CO2e, and a significant contribution from Scope 3 emissions, which totalled about 781 million kg CO2e. Comparatively, in 2022, LOTTE rental's total emissions were approximately 4.6 million kg CO2e, with Scope 1 at about 437,000 kg CO2e and Scope 2 at approximately 4.2 million kg CO2e. The data indicates a substantial increase in emissions in 2023, primarily driven by Scope 3 emissions. LOTTE rental has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of SBTi (Science Based Targets initiative) reduction targets suggests that the company may not yet be aligned with industry-standard climate action frameworks. The emissions data is not cascaded from any parent organization, indicating that LOTTE rental operates independently in its reporting and climate commitments.
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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 |
How Carbon Intensive is LOTTE rental's Industry?
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LOTTE rental'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 rental 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.
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