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 76% 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 2024, Lotte Shopping, headquartered in South Korea (KR), reported total carbon emissions of approximately 930,090 kg CO2e for Scope 1 and 2 combined, with Scope 1 emissions alone accounting for about 295,960 kg CO2e. This data reflects a commitment to transparency in their environmental impact. For the previous year, 2023, Lotte Shopping's emissions were approximately 974,630 kg CO2e for Scope 1 and 2, with Scope 1 emissions at about 318,030 kg CO2e. This indicates a slight reduction in emissions from 2023 to 2024. Lotte Shopping has set ambitious targets to reduce its greenhouse gas emissions. The company is committed to a 46.2% reduction in absolute Scope 1 and 2 emissions by FY2031, using FY2021 as the baseline year. Additionally, they aim for the same percentage reduction in absolute Scope 3 emissions within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. Lotte Shopping is also a member of the BA1.5 initiative, reinforcing its commitment to climate action. The company has pledged to achieve net-zero emissions, although specific timelines for this goal have not been detailed. Overall, Lotte Shopping's emissions data and climate commitments reflect a proactive approach to sustainability, with clear targets aimed at significant reductions in their carbon footprint.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 83,201,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 677,071,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 41,068,000 | 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