Lotte Shopping Sustainability Profile
Lotte Shopping Co., Ltd., a prominent player in the retail industry, is headquartered in South Korea (KR) and operates extensively across Asia. Founded in 1998, the company has established itself as a leader in the hypermarket and department store sectors, offering a diverse range of products from groceries to fashion. Lotte Shopping is renowned for its unique blend of quality and affordability, catering to the evolving needs of consumers. With a strong market presence, it has achieved significant milestones, including the expansion of its store formats and the introduction of innovative shopping experiences. The company’s commitment to customer satisfaction and operational excellence has solidified its position as a trusted name in retail, making it a key player in the competitive landscape of the industry.
DitchCarbon Score
How does Lotte Shopping'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 Shopping's score of 59 is higher than 75% 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 Shopping's reported carbon emissions
In 2023, Lotte Shopping, headquartered in South Korea (KR), reported total carbon emissions of approximately 17.3 billion kg CO2e. This figure includes 96,042,000 kg CO2e from Scope 1 emissions, 614,167,000 kg CO2e from Scope 2 emissions, and 16,911,726,000 kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its greenhouse gas emissions, committing to a 46.2% reduction in absolute Scope 1 and 2 emissions by FY2031, using FY2021 as the baseline. Additionally, Lotte Shopping aims to achieve the same percentage reduction for its Scope 3 emissions within the same timeframe. Lotte Shopping is a member of the Science Based Targets initiative (SBTi) and has committed to long-term climate goals, including a net-zero target by 2050. The company's near-term targets are aligned with the 1.5°C climate scenario, reflecting its commitment to significant emissions reductions across all scopes. This proactive approach positions Lotte Shopping as a leader in the retail sector's transition towards sustainability.
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| 2011 | 2012 | 2013 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 00,000,000 | - | - | - | - |
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Lotte Shopping'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 Shopping has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Lotte Shopping's sustainability data and climate commitments