Lg Chem

Lg Chem's reported carbon emissions

LG Chem, a company headquartered in South Korea, has established ambitious climate commitments, including a target for Net-Zero emissions by 2050. **Emissions Data:** In 2024, LG Chem reported Scope 1 and 2 emissions totalling approximately 9.35 billion kg CO2e. For Scope 1 alone, emissions were approximately 5.65 billion kg CO2e, and Scope 2 emissions (market-based) were approximately 3.70 billion kg CO2e. The previous year, 2023, saw Scope 1 and 2 emissions at approximately 9.08 billion kg CO2e. Scope 1 emissions were around 5.19 billion kg CO2e, with Scope 2 market-based emissions at approximately 3.89 billion kg CO2e. In 2022, LG Chem's Scope 1 and 2 emissions amounted to approximately 9.56 billion kg CO2e, with Scope 1 at about 5.63 billion kg CO2e and Scope 2 market-based emissions at roughly 3.93 billion kg CO2e. For 2021, total Scope 1 and 2 emissions were approximately 10.34 billion kg CO2e, comprising about 5.44 billion kg CO2e for Scope 1 and 4.90 billion kg CO2e for Scope 2. In 2020, LG Chem reported total Scope 1 and 2 emissions of approximately 9.52 billion kg CO2e. Scope 1 emissions were around 5.39 billion kg CO2e, and Scope 2 emissions were approximately 4.13 billion kg CO2e. This year also marked the disclosure of Scope 3 emissions, totalling approximately 1.24 billion kg CO2e. **Climate Commitments and Reduction Initiatives:** LG Chem is committed to achieving Net-Zero emissions by 2050, employing a strategy of reducing direct emissions, avoiding indirect emissions, and utilising carbon offsets. The company has set a goal of "2030 Carbon-neutral Growth" and "2050 Net-Zero" for Scope 1 and 2 emissions. Previously, LG Chem aimed to reduce Scope 1 and Scope 2 emissions by 50% from 2019 levels by 2050. Additionally, LG Chem aims to use 100% renewable energy by 2030 for its overseas business sites and by 2050 for its business sites in Korea. The company has also committed to achieving carbon-neutral growth by 2030. LG Chem was the first Korean chemical company to declare its 2030 Carbon-neutral Growth and 2050 Net-Zero goals. Recent Science Based Targets initiative (SBTi) data indicates a commitment to reduce absolute Scope 1 and 2 GHG emissions by 48.7% by FY2030 from a FY2021 base year. This also includes a commitment that 80% of suppliers by spend will have science-based targets by FY2030.