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Lotte Shopping
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 2023, Lotte Shopping, headquartered in South Korea (KR), reported significant carbon emissions, totalling approximately 96042000 kg CO2e for Scope 1 and about 614167000 kg CO2e for Scope 2. The total emissions, including Scope 3, reached approximately 16911726000 kg CO2e. This reflects a comprehensive approach to emissions reporting, covering all relevant scopes. Lotte Shopping has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46.2% by FY2031, using FY2021 as the baseline. This target is aligned with the Science Based Targets initiative (SBTi) and is indicative of the company's commitment to addressing climate change. Additionally, the same reduction target applies to Scope 3 emissions, which encompass a significant portion of their overall carbon footprint. The company is also committed to achieving net-zero emissions by 2050, demonstrating a long-term vision for sustainability. These initiatives are part of Lotte Shopping's broader strategy to enhance its environmental performance and contribute to global climate goals.
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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 | - | - | - | - |
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 Shopping is participating in some 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.
