Lg Chem

LG Chem (KR), a chemicals company, reported substantial carbon emissions in recent years. In 2024, the company's Scope 1 and 2 emissions totalled approximately 9.35 billion kg CO2e, comprising Scope 1 emissions of about 5.65 billion kg CO2e and Scope 2 emissions of approximately 3.70 billion kg CO2e. This represents a slight decrease from 2023, when Scope 1 and 2 emissions were around 9.08 billion kg CO2e (Scope 1: approximately 5.19 billion kg CO2e; Scope 2: approximately 3.89 billion kg CO2e). In 2022, LG Chem's Scope 1 and 2 emissions were approximately 9.56 billion kg CO2e (Scope 1: about 5.63 billion kg CO2e; Scope 2: around 3.93 billion kg CO2e).

The company's climate commitments include ambitious long-term goals. LG Chem has declared a target of achieving Net-Zero emissions by 2050 for Scope 1 and 2, with a related goal of Carbon-neutral Growth by 2030. Furthermore, they aim to reduce Scope 1 and Scope 2 emissions by 48.7% by FY2030 from a FY2021 base year, aligning with a 1.5°C trajectory. In addition to these overarching goals, specific targets include reducing Scope 1 emissions by 50% and Scope 2 emissions by 50% from 2019 levels by 2050. LG Chem also plans to use 100% renewable energy for its overseas business sites by 2030 and for its business sites in Korea by 2050.

It is important to note that Scope 3 emissions data is not fully disclosed for the most recent years, with a noted missing data point for "purchased goods and services". LG Chem's reporting indicates a commitment to Net-Zero by 2050, encompassing a strategy of "Reduce (direct emissions), Avoid (indirect emissions), and Compensate (carbon offset)".