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 2022, Lotte Wellfood reported total carbon emissions of approximately 216.9 million kg CO2e, comprising about 64.9 million kg CO2e from Scope 1 and about 152.1 million kg CO2e from Scope 2 emissions. There is no available data for Scope 3 emissions for that year. Lotte Wellfood has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The company does not appear to have cascaded emissions data from a parent organisation, and all reported figures are directly from Lotte Wellfood Co., Ltd. The company’s GHG intensity was reported at 380 kg CO2e per tonne of sales product in 2022, indicating a focus on monitoring emissions relative to production output. However, no specific climate pledges or SBTi targets have been established or reported. Overall, Lotte Wellfood's emissions data highlights the need for further transparency and commitment to climate action within the food industry.
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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.
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