Lotte Wellfood
Lotte Wellfood Co., Ltd., a prominent player in the food industry, is headquartered in South Korea (KR) and operates extensively across Asia. Founded in 2000, the company has established itself as a leader in the production of high-quality processed foods, including ready-to-eat meals, snacks, and health-oriented products. Lotte Wellfood is renowned for its commitment to innovation and quality, utilising advanced technology to ensure the freshness and nutritional value of its offerings. The company has achieved significant milestones, including expanding its product range to cater to diverse consumer preferences. With a strong market position, Lotte Wellfood continues to excel in delivering unique culinary experiences, making it a trusted name in the food sector.
DitchCarbon Score
How does Lotte Wellfood'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 Food Product Manufacturing 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 Wellfood's score of 25 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lotte Wellfood's reported carbon emissions
In 2023, Lotte Wellfood reported total carbon emissions of approximately 60030000 kg CO2e for Scope 1 and 147218000 kg CO2e for Scope 2. The company's Scope 3 emissions were significantly higher, totalling about 1586709000 kg CO2e, with the largest contributions from purchased goods and services (approximately 902474300 kg CO2e) and upstream transportation and distribution (around 312119600 kg CO2e). In 2022, Lotte Wellfood's emissions were recorded at 63864000 kg CO2e for Scope 1, 152088000 kg CO2e for Scope 2, and 1586709000 kg CO2e for Scope 3. The total emissions for Scope 1 and 2 combined reached approximately 8879000000 kg CO2e. Despite these substantial figures, Lotte Wellfood has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction strategies suggests a need for further transparency regarding their approach to mitigating climate impact.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 34,264,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 88,459,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000,000 |
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 Wellfood is not committed to any reduction initiatives 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.
