Lotte Wellfood Sustainability Profile
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 18 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 Wellfood's reported carbon emissions
In 2024, Lotte Wellfood reported carbon emissions of approximately 295,960 kg CO2e for Scope 1, contributing to a total of about 930,090 kg CO2e when combining Scope 1 and Scope 2 emissions. This marks a slight decrease from 2023, where Scope 1 emissions were about 318,030 kg CO2e, and total Scope 1 and 2 emissions reached approximately 974,630 kg CO2e. Lotte Wellfood has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets through initiatives such as the Science Based Targets initiative (SBTi). The company has not reported any significant climate pledges or reduction initiatives, indicating a potential area for future commitment. The emissions data is not cascaded from a parent company, and all figures are directly reported by Lotte Wellfood Co., Ltd. The company continues to monitor its emissions and may consider future climate commitments to align with industry standards.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | - | 00,000,000 |
| Scope 2 | 90,802,000 | 000,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Lotte Wellfood's Industry?
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Lotte Wellfood'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 Wellfood 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.
